YFIUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for YFIUSDT
Based on our last analysis on June 21, we had a short position there and predicted a falling trend and after that a rise for the price. Now you see this has come true and there is a noticeable rise in our price. So in the current chart, we have R1 area which used to be our support area and the support of the price is clear at some points. And S1 and S2 are our support areas and the well support of the price at some points is obvious. At the moment, we see the price fluctuating over S1 and we believe it will rise toward R1. In case we receive entrance candles for the price over R1 and the price is able to fix its trend there, we will have a long position for it and then more rise will happen. Even it is probable for the price to move below S1 and face more decline down to S2.
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