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MATICUSDT
How do you do dear followers,
*Mars Signals Team wishes you high profits*
This is a one-day-time frame analysis for MATICUSDT
According to our previous analysis on April 30, we expected a falling trend to take place for the price and here we have the precise prediction of our team. There we have R3 and R2 on the top of the chart which are the resistance areas with the demonstration of disability of price to rise. R1 used to be a long-term support line. S1 used to be a resistance area. And at the bottom of this chart, S2 is our long-term support area that contains the support of price at some points even since the past. We observe the price behavior in the past which was supportive at S2 area well and after rising upward and its rejections and descending trend lower amounts, it was supported at R1 again at some pints. Then by losing the support at the mentioned area, a long negative Marubozu Candle made another decline for it down to S1. Presently, we see the movement of price in the first support area and our expectation would include more support and fixation here and then by having a rise toward R1, another decline for the price to reach S2 area is expected. The general trend of the chart is descending and we would have more fall in the coming days. Note that when the price falls downward and by reaching at S2, there will be a great point for putting your orders but you should wait for some supports and fixation and then on the returning process upward, we can put our trade orders. Also if the price can break R1 upward, the possibility of a rise is high via receiving more fixation and fluctuation by the price. It is better to consider market situation in the lower time frames and make sure what will happen exactly. We suggest you to obtain every piece of information and idea through our updates for enjoying more profitable trades. Keep in mind to consider market conditions in lower time frames in order to make sure of a good point to put your trade order, we suggest you to wait for the time which the price is in its return upward.
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 MATICUSDT
According to our previous analysis on April 30, we expected a falling trend to take place for the price and here we have the precise prediction of our team. There we have R3 and R2 on the top of the chart which are the resistance areas with the demonstration of disability of price to rise. R1 used to be a long-term support line. S1 used to be a resistance area. And at the bottom of this chart, S2 is our long-term support area that contains the support of price at some points even since the past. We observe the price behavior in the past which was supportive at S2 area well and after rising upward and its rejections and descending trend lower amounts, it was supported at R1 again at some pints. Then by losing the support at the mentioned area, a long negative Marubozu Candle made another decline for it down to S1. Presently, we see the movement of price in the first support area and our expectation would include more support and fixation here and then by having a rise toward R1, another decline for the price to reach S2 area is expected. The general trend of the chart is descending and we would have more fall in the coming days. Note that when the price falls downward and by reaching at S2, there will be a great point for putting your orders but you should wait for some supports and fixation and then on the returning process upward, we can put our trade orders. Also if the price can break R1 upward, the possibility of a rise is high via receiving more fixation and fluctuation by the price. It is better to consider market situation in the lower time frames and make sure what will happen exactly. We suggest you to obtain every piece of information and idea through our updates for enjoying more profitable trades. Keep in mind to consider market conditions in lower time frames in order to make sure of a good point to put your trade order, we suggest you to wait for the time which the price is in its return upward.
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
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