Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for ENSBTC
There is R1 as our resistance line that resembles the unsuccessful triumphs of the price to rise. And S1 is the support line which shows the support of price at several points. At the moment, we have the fluctuation of price in an ascending channel and below R1. We expect the falling will happen and our short position is activated and a decline is waiting for the price toward S1. Now we do not expect a rise to happen for the price. Bear in mind that it is better to activate the stop-loss points 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
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for ENSBTC
There is R1 as our resistance line that resembles the unsuccessful triumphs of the price to rise. And S1 is the support line which shows the support of price at several points. At the moment, we have the fluctuation of price in an ascending channel and below R1. We expect the falling will happen and our short position is activated and a decline is waiting for the price toward S1. Now we do not expect a rise to happen for the price. Bear in mind that it is better to activate the stop-loss points 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
