CRVUSDTHow do you do dear followers,
*Mars Signals Team wishes you high profits*
This is a one-day-time frame analysis for CRVUSDT
Here we have R3 and R2 which are our resistance areas in this chart with their demonstration of the disability of the price to rise at various points. R1 is a 4-hour resistance area. And as you observe, S1 is a long-term support area at the bottom that involves the well support of price at some different points even since the past. Clearly, the price experienced a great support at S1 area and via a notable rise, it could move up to the third resistance area. But after losing the support and being rejected there, we observed its decline down to S1 again. By having the last touch and support here, the price rose for another time to higher amounts and failed to move over R1 area. Therefore, it is fluctuating below our first resistance via a positive Marubozu Candle and we expect it to provide us two scenarios after being supported here and moving over R1 area. One of them would be receiving some confirmation candles for the purpose of a rise and then by being supported and breaking R1 line upward and via providing more fixation and fluctuation over there, more rise will happen in order to touch higher amounts including R2 and R3 (which are good points for saving your profits). But when the price falls down to S1 and loses the support at its current point or at any higher points in its rising trend, surely more decline will happen then. According to the chart and considering the signs here, when the price is fluctuating above S1, we won’t have so much decline. Please consider the market situation in lower time frames and then decide what to do exactly. We suggest you to save your profits in the resistance areas due to the fact that in the decline of the price, you will not have so much loss. Keep moving with our updates and analyses to have multiple pieces of information and ideas.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Have a great time