Happy Money Monday, Traders!
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
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Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
MATIC is currently pulling back after it has touched its 50MA (Green MA).
What's happening next?
If MATIC retraces from here then I would expect price to meet up with the 12MA (Pale Blue MA), first at the 32.8% Fib @ $1.9252.
Further dipping could bring MATIC down to $1.79 (Blue Horizontal Support Bar - area of multiple support and resistance activity since the 5th of Sept. 2021).
The smart move would have to be to wait for retracement if one is looking for an entry level.
If MATIC continue to push past its 50MA then the Red Diagonal Resistance Bar above it will pose as resistance and possibly reach the 61.8% Fib @ $2.30 before retracing back down.
Another probably move for MATIC now is to crawl sideways (consolidate) as the 12MA approaches it at the $2 level.
MACD: Bullish Cross, approaching Zero Level.
Stoch RSI (1Wk TF): Oversold Region with Bullish Crossover.
Price action is KING!
Always remember to place your Stop Loss.
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
MATIC is currently pulling back after it has touched its 50MA (Green MA).
What's happening next?
If MATIC retraces from here then I would expect price to meet up with the 12MA (Pale Blue MA), first at the 32.8% Fib @ $1.9252.
Further dipping could bring MATIC down to $1.79 (Blue Horizontal Support Bar - area of multiple support and resistance activity since the 5th of Sept. 2021).
The smart move would have to be to wait for retracement if one is looking for an entry level.
If MATIC continue to push past its 50MA then the Red Diagonal Resistance Bar above it will pose as resistance and possibly reach the 61.8% Fib @ $2.30 before retracing back down.
Another probably move for MATIC now is to crawl sideways (consolidate) as the 12MA approaches it at the $2 level.
MACD: Bullish Cross, approaching Zero Level.
Stoch RSI (1Wk TF): Oversold Region with Bullish Crossover.
Price action is KING!
Always remember to place your Stop Loss.
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader