Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for SCRTUSDT
Here we have R1 as our resistance line and the unsuccessful attempts of the price to rise is obvious. And S1 and S2 are the support areas that contain the support of the price at some points. At the moment, we have the price fluctuating over S1 and we consider a falling trend to this line like its past trend. By reaching here, we have two scenarios for the price. Either we will receive some confirmation candles to rise and an increase is expected for the price to R1 or higher. Or the price will lose the support here and start a decline toward S2. Let's wait and see what future reveals for us.
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 SCRTUSDT
Here we have R1 as our resistance line and the unsuccessful attempts of the price to rise is obvious. And S1 and S2 are the support areas that contain the support of the price at some points. At the moment, we have the price fluctuating over S1 and we consider a falling trend to this line like its past trend. By reaching here, we have two scenarios for the price. Either we will receive some confirmation candles to rise and an increase is expected for the price to R1 or higher. Or the price will lose the support here and start a decline toward S2. Let's wait and see what future reveals for us.
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