Matrix AI forming a descending triangle on the 1 hr chart. Bullish cross on the Stochastic RSI. Buy the breakout of the upper trendline, or aggressive buy at the bottom of the pattern. BTC must cooperate for this move to play out.
Matrix Ai Network has been able to be supported in daily timeframes. In the RSI indicator the bull market signal is seen.
**It's my idea and it is not a buy or sell offer.**
Man/USDT is in strong Demand zone.
We have 0.786 Fibbo retracement support.
It broke its trendline and it PB to the breakout. Good area to buy.
This looks like it forming a DBR.
It also has many Funda events (5 events on 31 Dec including Filecoin integration)
Entry: 0.4-0.43
Targets:
1) 0.5
2) 0.55
3) 0.6
4) 0.65
5) 0.7
Stop: Daily close below 0.38
First time sharing my analysis.
This prediction is based on daily FIB PIVOTS, VWAP and historical behaviour.
The period between targets is 5 days max.
If the price chart goes below the red line, cut it.
This is not a financial advice, just analysis.
Here is my take on MAN/USDT 1H (KUCOIN). We are witnessing a triangle formation with a potential breakout. If the ranging motion continues then we can consider the pattern as invalidated.
If the triangle breaks the upper line of the triangle - I recommend that you wait for a solid confirmation - then you could enter a long position.
Take profit ideas:
TG1 -...
This is basically a reminder-to-self for tracking my trade setups.
Matrix AI Network's coin $MAN against USDT pair is currently sitting on a long-term descending triangle pattern.
According to Bulkowski over a third of these patterns break upward.
The pattern is clearly visible on higher timeframes, like the daily and 3D charts.
The pattern follows a 4x markup...
