We can see Matic moving in the channel. Daily RSI almost oversold, Stochastic oversold. It could bounce from the bottom blue line to reach the top blue line and try to break up from there. With some good news such as Coinbase listing and more partnerships etc.. anything can happen. If not, we go much much lower...
Nice placement of channel, the price action little bit went down and retested the support as resistance and broke out the resistance again and boom, great job
kalombo
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@moon333, thanks , that's an old idea of course. but yeah
kalombo
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do not worry :) I stay positve this will go up soon, buying even close to 0.01500 . Look at the daily.. and dont panic if it cross the blue line on the shorter time frames, means nothing. Again, this is my own trade and opinion. If you think otherwise, i respect that.
Texofalk
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And you should use the logarithmic scale to properly see the movements in relative percentage, which is what a trader is interested in.
kalombo
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@Ovocean, do not worry :) I stay positve this will go up soon, buying even close to 0.01500 . Look at the daily.. and dont panic if it cross the blue line on the shorter time frames, means nothing. Again, this is my own trade and opinion. If you think otherwise, i respect that.
Texofalk
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@kalombo, oh I don't worry, if there is a panic and it goes to 0.01 and below, which I expect – and this is where I will buy, it will shoot back up to 0.18 in no time. ;)
kalombo
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@Ovocean, great!
kalombo
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@Ovocean, Happy now? Enjoy your profits! ;)
Texofalk
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@kalombo, Still too soon to party but yes, it's on the right track for me. Hopefully you can get some profits out of the situation too if my prediction fully realizes ^^. Which, by the way, was based partly on a comparison with the early days of BCH, the charts are very similar and the global context of the market is kinda similar too. A retest of the 0.01 level before establishing a new ATH is very likely in any case.
kalombo
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@Ovocean, I took profits yesterday like i told you :) now waiting to buy cheaper :)