Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for BELUSDT
In this chart, S1 represents our long-term support line and includes the well support of the price since the past. R1 is a resistance line which shows the unsuccessful attempts of the price in order to rise. After a rise over this line, and the failure in break, then we had a falling trend toward S1 and now the price is fluctuating on S1 line. We believe the price reaches S1 and then starts rising toward R1 and by fixing over it, it is able to have more rise. Also it is possible for the price to lose the support at this area and face more decline below S1.
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 BELUSDT
In this chart, S1 represents our long-term support line and includes the well support of the price since the past. R1 is a resistance line which shows the unsuccessful attempts of the price in order to rise. After a rise over this line, and the failure in break, then we had a falling trend toward S1 and now the price is fluctuating on S1 line. We believe the price reaches S1 and then starts rising toward R1 and by fixing over it, it is able to have more rise. Also it is possible for the price to lose the support at this area and face more decline below S1.
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