Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for EOSUSDT
The R1 line shows a long-term resistance line and it is clear that the price was not successful to move over it and was rejected several times. Then the price reached S2 and this line is expressing the well support of the price. After having the last touch on S2, the price faced a little rise and now you observe that the price is fluctuating in S1 area. Therefore, we have a neutral position for the price and we believe it can rise over S1 and then have more rising trend toward R1 line. Or even it is probable for the price to lose the support area and move below S1 and then with more fall, move downward to S2 line.
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 EOSUSDT
The R1 line shows a long-term resistance line and it is clear that the price was not successful to move over it and was rejected several times. Then the price reached S2 and this line is expressing the well support of the price. After having the last touch on S2, the price faced a little rise and now you observe that the price is fluctuating in S1 area. Therefore, we have a neutral position for the price and we believe it can rise over S1 and then have more rising trend toward R1 line. Or even it is probable for the price to lose the support area and move below S1 and then with more fall, move downward to S2 line.
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