The breakdown from the Rising Wedge happened a little sooner than expected (see linked idea). From here I'm expecting a short-term bullish move off the 50 EMA and then a retouch of the SUPPORT-TURNED-RESISTANCE line. From there I'm expecting the "Handle" of the Cup & Handle pattern to develop. I'll be looking for a buy opportunity at the end of the handle. ...
MATICBTC analysis on daily timeframe:
MaticBTC is situated into a rising wedge which means a breakdown from this channel will happen. Now is sitting exactly on the support line
RSI is going down which is a sign that bulls are exhausted and also you can see a big bearish divergence (Price vs RSI indicator)
MACD +611 which is very much and it s still laggish.
MATIC appears to be forming a clear Cup against BTC. It's also in a Rising Wedge pattern (bearish). We've recently seen bearish divergences on the daily and 4-hour charts. Buyers appear exhausted. I'm not interested in longing MATIC at these levels and I'm expecting a cooling off (Handle) before breaking out higher. I'll be looking for bullish divergence at...
Matic has shown strong momentum gaining another 8% today breaking down her the resistance trend line we pointed out in yesterday’s video. Now the price has gone up a distance equal to the distance between the entry price and the stop loss price. The rule is, but when this happens, you raise your stop loss to the entry price. Now if the trade reverses and starts...
Let's assume a nice rally into the ZK conference and Vitalik talk.
Would take us up to the old ATH in sats (pink line) and roughly channel top.
Then a sell-the-news retrace to the mid-line before recovering and setting up for a nice C & H final moon rally.
This is a follow-up of the MATIC trade I showed on my stream Thursday night. It has a higher risk to reward ratio now after the reversal off the top of the triangle giving us a closer swing low. Good luck with the trade.
A comparison between Polygon/matic (btc) and ETH(btc)
The structures are very similar
I have noticed also that both coins are primarily used in buying NFT's and other Internet items, further justifying the comparison
I have just bought some Polygon based on this comparison and the above assumption
It backstabbed me many times this year but I couldn't avoid the volume and 2D Buy signal a few days ago..
Willing to see if it can finally break above /flip ~4400 sats area as signal of continuation
Hello every one
MATIC/BTC has Formed a Reversed Head and Shoulder Pattern! This Bullish Pattern Has done a Strong breakout Recently And Now It is Time For Pullback! after a Pullback The Price should Be able To Increase as much as the Measured Price Movement (The Length Between Head and The Neckline) .
-MATIC/BTC is in a Reversed Head and...
Just posting a snapshot of a bullish looking MATIC which I really regret not picking up in Jan'21. Not adding it to my bag or trading it in the foreseeable future, but it is worth following MATICBTC so as to seriously consider adding it to my bag for the next bullrun.