We are developing a C wave, in this case is corrective. The price projected is 1198, and that would be a very good entry price with a 23% drop. But why are you cinnamon so sure that's the landing price? because the wave C as long as, or 1,618 wave A in this case projected from wave B. Thats the use of the tool "fibonacci extension". Besides, this landing price...
The future price of MATIC depends on which of the two lines breaks strongly... If it breaks the red line, the behavior will be very bearish heading towards the orange lines, and if it breaks the green line, we will go towards the blue lines. Unfortunately I think that the behavior will be bearish, since we have been in a bearish scenario for a long time. However,...
(2/0) means in the past 2 trades, we were sucessful with 2, and lost 0. In this one, we can see as positive factors for this trade: +Bullish divergence with RSI +Reject from main support (blue line) +Reject from secondary support (black line) which before was a resistance, so is now retesting +Reject from strong horizontal support (green line) Negative...
The idea is very simple and at the same time very concrete and decisive. The chart indicates the two main trend lines that are currently playing the most important role in the price of Bitcoin (blue lines). We are at a critical point and there are only two scenarios: -The price forcefully breaks down (God have mercy on us). It would actually be very difficult...
(1/0) means our profile has 1 trade positive vs 0 negative... There are 6 reasons why we consider this trade could be successful, blue resistance is just one of these, and here in this chart is used as a reference... Entry: 1,0948 (or blue line) SL:1,09824 TP:1,088 This trade could expire, I will advise.
It is not a financial advice, please do your own analysis and use this only as a reference.