Hello everyone,
Mars Signals team wishes you high profits.
This is a one-week-time frame analysis for CTSIUSDT
Here we see R2 as the resistance area that contains the price was not able to rise at different points. R1 used to be a support area. And at the bottom we have S1 that used to be a resistance area. Thus, we see the rejection of price at R2 in the past and it had a fall below S1. After some neutral fluctuation and unsuccessful attempts to rise, it finally was able to break S1 upward and faced an increase up to R1. Now we have the price fluctuating below R1 after being in a kind of rise to this point and we believe the price will have another fall to the bottom of R1. Then by being supported, it will be in a rising trend to higher amounts such as R2. If the price faces more fall, we should wait for the recovery time and then put our orders when it is on a rise again. Do not forget the time that price loses the support and by falling toward S1, more decline will be there for it. We should wait for future and wait for some signs in order to make sue of the next action and then have more precise prediction for you. Be aware of activating your stop-loss in order to have less loss and less risky trades. Please be attentive to wait for some confirmation candles in order to make sure what will happen next and act precisely and well.
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 the best
Mars Signals team wishes you high profits.
This is a one-week-time frame analysis for CTSIUSDT
Here we see R2 as the resistance area that contains the price was not able to rise at different points. R1 used to be a support area. And at the bottom we have S1 that used to be a resistance area. Thus, we see the rejection of price at R2 in the past and it had a fall below S1. After some neutral fluctuation and unsuccessful attempts to rise, it finally was able to break S1 upward and faced an increase up to R1. Now we have the price fluctuating below R1 after being in a kind of rise to this point and we believe the price will have another fall to the bottom of R1. Then by being supported, it will be in a rising trend to higher amounts such as R2. If the price faces more fall, we should wait for the recovery time and then put our orders when it is on a rise again. Do not forget the time that price loses the support and by falling toward S1, more decline will be there for it. We should wait for future and wait for some signs in order to make sue of the next action and then have more precise prediction for you. Be aware of activating your stop-loss in order to have less loss and less risky trades. Please be attentive to wait for some confirmation candles in order to make sure what will happen next and act precisely and well.
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 the best
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.