Updated
✅ Matic/Btc Pair (detailled Altcoin Analysis) by CryptoBRO 🔥
Weekly Timeframe perspective:
Price Action Bullish!
The big bullish confirmation is confirmed with a weekly close above the weekly open. This would signal that the wick on THE YEARLY CANDLE is printed and the expansion phase (body of the candle) can start.
I will add the low timeframe charts and Moving Averages below to get a better view what price does on the hourly timeframe. + we will take a look at the USD Pair
Price Action Bullish!
The big bullish confirmation is confirmed with a weekly close above the weekly open. This would signal that the wick on THE YEARLY CANDLE is printed and the expansion phase (body of the candle) can start.
I will add the low timeframe charts and Moving Averages below to get a better view what price does on the hourly timeframe. + we will take a look at the USD Pair
Note
daily timeframe:
price is moving within a range -> consolidation.
Let price more to enfold and wait for the second break out attempt. the more a level gets tested the weaker it is.
Now i have added Moving average which gives us confirmation about the shift in trend. Rule of thumb: if price breaks above 200 MA (red one) the trend will be bullish. with that knowledge we have confluence with our price action view.
Tbh a look on lower timeframes on the btc pair is not necessary because the pivotal level to flip will not change.
Matic USD Pair:
RN below pivotal resistance. Once this gets broken in confluence with the btc pair (double confluence) this coin should start a big expansion phase.
for now it is consolidating. Try to time the trade with both charts to have higher probability
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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.