The_MATE

The_MATE

BINANCE:ETHUSDT The resistance line has not been broken through in 4HR time frame. We can see that there is a potential top structrue. Open a short position at around 3310 might be a good plan. The target price would be $2,960~3,000 referring to the symmetry principle of decline, and the stop loss is at $ 3,380. If ETH reaches the target price successfully, we...

The_MATE

BINANCE:ETHUSDT Hi, this is the MATE. Before we start to discuss, I would be glad if you share your opinion and hit the like botton! -------------------------------------------------------------------------------------- After ETH broke through the resistance line(blue), it is rejected by the red resistance zone, which is also the 0.382 level of Fabonacci. We...

The_MATE

BINANCE:ETHUSDT Before we start to analyze, let's review the reaction of ETH after the sharp drop in history. More than 50% drop on May 19 From Sep 2020 to May 2021, we can be see that when the price retraced, it retested the 0.382 level of Fabonacci several times. ETH finally rebounded at the 0.382 level and began its bullish trend. It can also be seen...

The_MATE

Hello my friends! This is MATE, a team dedicated to develop indicators and auto trading robot. BTC has already broken through the yellow support zone, even to the green resistance zone as the figure shows. Next, we have to focus on whether it would test the bottom support zone just like BTC acted from January to July last year. If the bottom pattern is...

The_MATE

BINANCE:ATOMUSDT Hello my friends! This is MATE, a team dedicated to develop indicators and auto trading robot. Let's have an analysis for ATOM. In 4HR time frame, there is a bullish bat pattern. We usually place our profit target at the level of point c. Also,it reaches the target successfully! In my opinion, ATOM will have a sharp drop due to the following...

The_MATE

BINANCE:EGLDUSDT Hello my friends! This is MATE, a team dedicated to develop indicators and auto trading robot. Let's have an analysis for EGLD. I'll do the analysis from large time frame to small time frame, and try to find out what happened to EGLD recently. 4HR time frame: As the figure above, we can see that there was an OBV top divergence (also...

The_MATE

BINANCE:ADAUSDT Hello my friends! This is MATE, a team dedicated to develop indicators and auto trading robot. As we can see, ADA had a bottom divergence from $1.393 to $1.284. It always occurs trend reversal because of a bottom divergence. In fact, ADA does have a trend reversal and be ready to go up. In Fibonacci Retracement , we can find that ADA is...