Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for ALGOUSDT
As you see the S1 line, it shows the support of the price at some points. Then after a rising trend, the price reached its highest amount and had a falling trend again. Although we had a failure in break, the price was rejected again due to the sellers' pressure and then it lost its previous support area (now it is R2) and reached the S1 line. At this point, the price had a rise again and now it is fluctuating below the R1 line. We believe the price will have a decline to S1 line and have more fall and also it may move above the R1line and face more rise.
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 4-hour-time frame analysis for ALGOUSDT
As you see the S1 line, it shows the support of the price at some points. Then after a rising trend, the price reached its highest amount and had a falling trend again. Although we had a failure in break, the price was rejected again due to the sellers' pressure and then it lost its previous support area (now it is R2) and reached the S1 line. At this point, the price had a rise again and now it is fluctuating below the R1 line. We believe the price will have a decline to S1 line and have more fall and also it may move above the R1line and face more rise.
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.