Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for CHRUSDT
According to our previous analysis on July 19, we predicted a falling trend and now you see this has truly happened. In this chart, we have R2 and R1 as our resistance areas and both express the disability of the price in order to rise. And S1 is the support line and it shows the support of the price at some points. Here we have the price fluctuating over R1 and by receiving some confirmation candles, we consider our long position and then we expect a rise for it to R2. In case the price moves below R1, then more fall would be waiting for it and it may be able to rise again.
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 CHRUSDT
According to our previous analysis on July 19, we predicted a falling trend and now you see this has truly happened. In this chart, we have R2 and R1 as our resistance areas and both express the disability of the price in order to rise. And S1 is the support line and it shows the support of the price at some points. Here we have the price fluctuating over R1 and by receiving some confirmation candles, we consider our long position and then we expect a rise for it to R2. In case the price moves below R1, then more fall would be waiting for it and it may be able to rise again.
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
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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.
Related publications
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.