Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for DOGEUSDT
In this chart, there is R1 as our resistance line and the disability of the price in order to rise is seen. And S2 is our long-term support line as well as S1 that is a 4-hour support line and they both express the support of the price at some points. At the present, the price is fluctuating on S1 and we expect it to fall to S1 and in case it is able to rise toward R1 and over it, and by receiving some confirmation candles over R1, we can have a long position for the price and more rise will happen for it. But if the price falls below S1, there is a possibility to have a pull back to S1 (at which we will consider a short position) and then we expect more decline for the price toward 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
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for DOGEUSDT
In this chart, there is R1 as our resistance line and the disability of the price in order to rise is seen. And S2 is our long-term support line as well as S1 that is a 4-hour support line and they both express the support of the price at some points. At the present, the price is fluctuating on S1 and we expect it to fall to S1 and in case it is able to rise toward R1 and over it, and by receiving some confirmation candles over R1, we can have a long position for the price and more rise will happen for it. But if the price falls below S1, there is a possibility to have a pull back to S1 (at which we will consider a short position) and then we expect more decline for the price toward 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