Hello everyone,
*Mars Signals Team wishes you high profits*
This is a one-day-time frame analysis for LTCUSDT
Clearly, R2 and R1 are the resistance areas in this chart with their presentation of the disability of the price to rise at several points. And S1 is a support area at the bottom that shows the support of price at some points. As we observe the past behavior of price, it could have a severe decline after being rejected at R2 and then by having a recovery trend, it could rise toward R1. But after two rejections by this area, ultimately a rise happened for the price and now the price is moving below the mentioned area. Therefore, it is fluctuating below R1 and we predict it to experience more decline due to the existence of this reverse double bottom pattern here. Another decline is waiting for the price toward S1 and we must wait for some confirmation candles to make sure for a fall and a decline would be there for the price to reach lower amounts. It is even possible that the price moves over the first resistance area and by giving us more fixation there, more increase would be there for it. S1 is believed a perfect point for putting trade orders but we should wait for the price to move toward it and starts being supported and then in our future updates, we will provide specific details for you. It is highly recommended to be cautious about various points and details and remember that for enjoying less risky trades. You can obtain every piece of information and details through 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.
Take care
*Mars Signals Team wishes you high profits*
This is a one-day-time frame analysis for LTCUSDT
Clearly, R2 and R1 are the resistance areas in this chart with their presentation of the disability of the price to rise at several points. And S1 is a support area at the bottom that shows the support of price at some points. As we observe the past behavior of price, it could have a severe decline after being rejected at R2 and then by having a recovery trend, it could rise toward R1. But after two rejections by this area, ultimately a rise happened for the price and now the price is moving below the mentioned area. Therefore, it is fluctuating below R1 and we predict it to experience more decline due to the existence of this reverse double bottom pattern here. Another decline is waiting for the price toward S1 and we must wait for some confirmation candles to make sure for a fall and a decline would be there for the price to reach lower amounts. It is even possible that the price moves over the first resistance area and by giving us more fixation there, more increase would be there for it. S1 is believed a perfect point for putting trade orders but we should wait for the price to move toward it and starts being supported and then in our future updates, we will provide specific details for you. It is highly recommended to be cautious about various points and details and remember that for enjoying less risky trades. You can obtain every piece of information and details through 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.
Take care
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.