Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for XMRUSDT
In the current chart, we have R1 as a long-term resistance line and it shows the price was unable to rise at some points and then it was rejected. And S1 and S2 are our support lines and the well support of the price at some points is obvious on them. At the moment, we have the fluctuation of the price over S1 and we believe it will rise toward R1. If we receive entrance candles for the price over R1 and the price is able to fix its trend there, then we will have more rise for it. Also, it is possible for the price to move below S1 and face more decline down to S2 and then by a pull back toward R1, it will have another decline.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for XMRUSDT
In the current chart, we have R1 as a long-term resistance line and it shows the price was unable to rise at some points and then it was rejected. And S1 and S2 are our support lines and the well support of the price at some points is obvious on them. At the moment, we have the fluctuation of the price over S1 and we believe it will rise toward R1. If we receive entrance candles for the price over R1 and the price is able to fix its trend there, then we will have more rise for it. Also, it is possible for the price to move below S1 and face more decline down to S2 and then by a pull back toward R1, it will have another decline.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck