Long
New setup
Hello everyone, this is our view on maticbtc, enjoy!
Analysis:
It had its own bull run, it fell from the sky, it went sideways since then. Now at the end of a falling wedge, but needs to retrace a little bit before it could jump. M gartley will play out. Ma50 and 200 are going to form a golden cross right when we're breaking up the big pattern. First leg up will be resisted by ema200. Wma25 breakout will be the first signal. Rebounced from mid bollinger band, which is stretched enough for a jump. Good opportunity to pass through ichimoku cloud which is bearish itself. Many laggings (chaikin, moneyflow, stoch, uo) are forming bull divergences in accumulation. Rsi is going down in accumulation with no divergences. Bad momentum on ao and macd, they're accumulating too. Balanced greed & fear.
Strategy:
Entry: ladder from 189 to 174 (use fibonacci succession if you're not sure about this trade)
Target: 199-202-212
Sell (HODL): 239-279-300+
Stoploss: 7% from average entry (if you ladder 189-183-179-174 with fibonacci then it will be 165)
High risk for big gains!
Trade safe. Anlvis.
Analysis:
It had its own bull run, it fell from the sky, it went sideways since then. Now at the end of a falling wedge, but needs to retrace a little bit before it could jump. M gartley will play out. Ma50 and 200 are going to form a golden cross right when we're breaking up the big pattern. First leg up will be resisted by ema200. Wma25 breakout will be the first signal. Rebounced from mid bollinger band, which is stretched enough for a jump. Good opportunity to pass through ichimoku cloud which is bearish itself. Many laggings (chaikin, moneyflow, stoch, uo) are forming bull divergences in accumulation. Rsi is going down in accumulation with no divergences. Bad momentum on ao and macd, they're accumulating too. Balanced greed & fear.
Strategy:
Entry: ladder from 189 to 174 (use fibonacci succession if you're not sure about this trade)
Target: 199-202-212
Sell (HODL): 239-279-300+
Stoploss: 7% from average entry (if you ladder 189-183-179-174 with fibonacci then it will be 165)
High risk for big gains!
Trade safe. Anlvis.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.