psychosane

psychosane

The reason why i drew the trendline with the peaks that way is simply that a false breakout of said trendline causes a harder dump therefor i see it as valid. A clear breakout visible on the this weekly. If weekly closes here then good job bulls you secured some ground and next take profit zones are on the chart. The trendline goes back to 2019 so it should hold...

psychosane

as visible in this chart Matic completely fell out of its previous price channel. Now its possible we see a bullish short term phase. Given that I will enter a short at the marked point bec of confluence of multiple resistance lines. My target for this trade is near the last macro low. I might have to wait for some time to hit that target but thats how im gonna...

psychosane

Of all the altcoins Atom is currently the only one that doesnt trade at the bottom of its channel. I would enter a short AFTER it forms the double top on the daily and confirms it with a daily red candle close bellow the sky blue line. BUT dont take this line too seriously its just a line it might get retested so entry on retest is the safest option. For risk...

psychosane

Currently we are holding monthly resistance on Matic. If it closes above you can risk a long with a sl bellow the resistance. If it closes bellow then short. Currently downtrend so short is safer. So trade accordingly.

psychosane

"narrow" bec. this is crypto after all. ////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////