CFXUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for CFXUSDT
Here we have R1 as the resistance area that expresses the price was not able to rise at different points. And S1 and S2 are our support areas in this chart containing the support of price even since the past. Hence, we have the price fluctuating over S1 area in a neutral behavior after breaking the mentioned area upward and we expect it to have more increase and reach R1. Then by having some rising signs there, we would wait for an increase. Due to the high density of price, there is a high possibility for the price to face more increase. So if we receive some confirmation candles to rise, an increase would take place for the price to break R1 upward and even move rise toward R2 area would happen in case the price is supported at R1. But if the price is not supported, more fall is predicted there for it to touch lower amounts. We suggest you to put your trade orders by the time the price is on the pullback to S1. Surely if the price falls below S1, definitely more decline will happen. Please do not forget to wait for some signs such as confirmation candles in order to make sure of what will be your next movement and then act wisely.
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
