Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for BEAMUSDT
In this chart, we have R2 which used to be a support area. R1 is our resistance area and you can see the price was not able to rise. And S1 and S2 are the support areas that include the support of the price at several points. At the present, we have the fluctuation of price between R1 and S1. By the time the price does not leave this area, we cannot have a definite position for it. Thus, there are two options for the price. Either it will rise to R1 and gives a fixation over it, and then more rise is waiting for the price. Or it is possible that the price loses the support here and falls below S1 and faces more decline.
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 BEAMUSDT
In this chart, we have R2 which used to be a support area. R1 is our resistance area and you can see the price was not able to rise. And S1 and S2 are the support areas that include the support of the price at several points. At the present, we have the fluctuation of price between R1 and S1. By the time the price does not leave this area, we cannot have a definite position for it. Thus, there are two options for the price. Either it will rise to R1 and gives a fixation over it, and then more rise is waiting for the price. Or it is possible that the price loses the support here and falls below S1 and faces more decline.
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