This is a one-day-time frame analysis for FIDAUSDT
R1 and R2 are the resistance areas in this chart with their presentation of the disability of the price to rise at several points. And S1 is a support area at the bottom with its support of price at different points. At the moment, the price has a fluctuation over S1 by the time it fell to this area and was supported at it. We will wait for more decline to reach S1 again and then we must wait for some confirmation candles to rise and an increase would be there for the price to reach R1 (which is a good point for saving your profits). By having more fixation over R1, more rise is expected for the price. It is even possible that the price starts its rising tend at its current point and move upward to our resistance areas. Also by the time the price loses the support and moves below S1 and via giving us some falling signs, more decline will definitely be waiting for the price toward lower amounts. Please be careful about various points and details and note that for enjoying less risky trades, we recommend you to obtain every piece of information and details through our analyses and updates.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
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