EGLDUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for EGLDUSDT
Here we have R2 and R1 as our resistance areas and the unsuccessful attempts of the price to rise is obvious. And S1 is the support area which represents the support of the price at several points. At the moment, the price is fluctuating above S1 and we expect a little rise to R1 and then by considering our short position, a decline will be waiting for it to S1. Also it is probable for the price to rise more if it fixes over R1 and above $60 amount. Please remember to activate your stop-loss in order to have less risky trades.
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