COCOSUSDT
Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for COCOSUSDT
In the current chart, R2 is the resistance area which contains the unsuccessful attempts of the price to rise. R1 used to be a support area. S1 used to be a resistance area. And S2 is our support line at the bottom with its well support of price at several points. Hence, the price could break S1 upward and after a falling trend, now we see its fluctuation in this area again. We believe it will face more decline down to S1 and after being supported there, more rise is expected for the price toward higher amounts. So we should make sure by receiving some confirmation candle for a rise and then wait for the increase. But if the price gives us some falling signs and is not able to move upward and falls below S1, a decline will take place down to S2 or more. We highly recommend you to obtain every piece of information and idea through our analyses for receiving more profitable trades.
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 COCOSUSDT
In the current chart, R2 is the resistance area which contains the unsuccessful attempts of the price to rise. R1 used to be a support area. S1 used to be a resistance area. And S2 is our support line at the bottom with its well support of price at several points. Hence, the price could break S1 upward and after a falling trend, now we see its fluctuation in this area again. We believe it will face more decline down to S1 and after being supported there, more rise is expected for the price toward higher amounts. So we should make sure by receiving some confirmation candle for a rise and then wait for the increase. But if the price gives us some falling signs and is not able to move upward and falls below S1, a decline will take place down to S2 or more. We highly recommend you to obtain every piece of information and idea through our analyses for receiving more profitable trades.
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
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