Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for ALGOUSDT
In the current chart, there are R3 and R2 as our resistance areas that include the disability of the price to rise. R1 used to be a support line and S1 is the support area which represents the support of the price since the past. Now it is clear that the price is fluctuating below R1 and we believe it will rise to this line, as it used to do in the past. Here by receiving some signs to decline, we will predict a falling trend for the price to S1. In case the price moves above R1, then an increase may happen for it.
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 ALGOUSDT
In the current chart, there are R3 and R2 as our resistance areas that include the disability of the price to rise. R1 used to be a support line and S1 is the support area which represents the support of the price since the past. Now it is clear that the price is fluctuating below R1 and we believe it will rise to this line, as it used to do in the past. Here by receiving some signs to decline, we will predict a falling trend for the price to S1. In case the price moves above R1, then an increase may happen for it.
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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