Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for ZECUSDT
The price is moving in an ascending channel and R2 line means a long-term resistance line and we have R1 line which used to be a support line but now it has the role of a resistance line. At the moment, the price is fluctuating below R1 and we predict a rise for the price up to R2 and then a falling trend toward S1. Also the price may lose the support at the current point and face more decline to S1, as well. But in case the price moves above R2, we will have more rise for it. Actually, due to the weakness in the trend of price, we believe more fall would happen for it.
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 ZECUSDT
The price is moving in an ascending channel and R2 line means a long-term resistance line and we have R1 line which used to be a support line but now it has the role of a resistance line. At the moment, the price is fluctuating below R1 and we predict a rise for the price up to R2 and then a falling trend toward S1. Also the price may lose the support at the current point and face more decline to S1, as well. But in case the price moves above R2, we will have more rise for it. Actually, due to the weakness in the trend of price, we believe more fall would happen for it.
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.