TRXUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for TRXUSDT
Based on our last analysis on July 31, we predicted a rising trend and now the price is on the rise after it faced a little fall. In the current chart, there is R2 which used to be a support line and R1 is the resistance line that shows the price was not able to rise. Also, S1, S2, and S3 are the support areas that all contain the support of the price at different points. So here we have the fluctuation of price on S1 and we predict two options for it. Either it is able to rise over this line and by giving us some confirmation candles, more rise is waiting for it up to R1. Or it will lose the support at this point and falls to S2 and then by a pull back to S1, it will have another fall.
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