LITUSDT
Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for LITUSDT
There is R2 on the top of the chart which is a resistance area and represents the unsuccessful triumphs of the price to rise at several points. R1 used to be a long-term support area. And as you see, S1 is our support area with the support of price even since the past. Thus, we observe the fluctuation of price below R1. Our expectation would include more decline for the price to reach S1 and then two options are waiting for us. Either the price is able to be supported and rise toward R1 and break it upward and more increase is expected to happen up to R2. Or there is a possibility of a decline if the price loses the support at S1 and gives us some falling signs and more decline will be there for it toward lower amounts. It is crucial to consider the market situation in lower time frames and then decide what to do exactly; based on the multiple pieces of information which you would obtain from our analyses and updates.
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 LITUSDT
There is R2 on the top of the chart which is a resistance area and represents the unsuccessful triumphs of the price to rise at several points. R1 used to be a long-term support area. And as you see, S1 is our support area with the support of price even since the past. Thus, we observe the fluctuation of price below R1. Our expectation would include more decline for the price to reach S1 and then two options are waiting for us. Either the price is able to be supported and rise toward R1 and break it upward and more increase is expected to happen up to R2. Or there is a possibility of a decline if the price loses the support at S1 and gives us some falling signs and more decline will be there for it toward lower amounts. It is crucial to consider the market situation in lower time frames and then decide what to do exactly; based on the multiple pieces of information which you would obtain from our analyses and updates.
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.