Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for YFIUSDT
Based on our last analysis on June 28, we expected a rising trend and here you observe that the price faced a noticeable rising trend up to July 8 and now it is on the fall. In this chart, we have R1 that used to be a support area and it shows the well support of the price at several points. And S1 is a support area and it expresses the support of the price since the past . At the moment, we see the price fluctuating below R1 and we believe it will fall to S1 and at this point we will consider a long position for it and then we believe it will rise to R1 again. Even it is possible for the price not to have a strong trend and not being supported at S1 and probably face another decline below S1 when it reaches this area.
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 YFIUSDT
Based on our last analysis on June 28, we expected a rising trend and here you observe that the price faced a noticeable rising trend up to July 8 and now it is on the fall. In this chart, we have R1 that used to be a support area and it shows the well support of the price at several points. And S1 is a support area and it expresses the support of the price since the past . At the moment, we see the price fluctuating below R1 and we believe it will fall to S1 and at this point we will consider a long position for it and then we believe it will rise to R1 again. Even it is possible for the price not to have a strong trend and not being supported at S1 and probably face another decline below S1 when it reaches this area.
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.