Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for ETCUSDT
The price has touched our second resistance line at some points and was rejected and had its falling trend. Also you can observe our long-term support line t the bottom and the touches of the price at some points resembles that the price was supported and made us draw this line. In addition, you see R1 line which expresses more resistance of price in a 4-hour frame analysis clearly and shows that the price could not move above and was rejected as well. At the present, the price is fluctuating over the first support line and we believe it is able to have a pull back to the first resistance line and then have more decline. Or even the price is able to move upward and over the first resistance line and if it fixes its trend, then it will face more rise.
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 one-day-time frame analysis for ETCUSDT
The price has touched our second resistance line at some points and was rejected and had its falling trend. Also you can observe our long-term support line t the bottom and the touches of the price at some points resembles that the price was supported and made us draw this line. In addition, you see R1 line which expresses more resistance of price in a 4-hour frame analysis clearly and shows that the price could not move above and was rejected as well. At the present, the price is fluctuating over the first support line and we believe it is able to have a pull back to the first resistance line and then have more decline. Or even the price is able to move upward and over the first resistance line and if it fixes its trend, then it will face more rise.
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