Long

Matic Network vs USD

Updated

Don't know what this project is about but it is certainly attracting a lot of volume as the bear market comes to an end. A few indicators are suggesting the days / weeks ahead will be generous. We have a very impressive ascending symmetrical triangle with higher lows on the Stochastic RSI. The RSI has broken the resistance trend line and is now acting as support.

Finally we have the Stochastic RSI crossing up on the weekly chart, very powerful signal.

Trade closed: target reached

Kaboom - 160% gain in a little over two months!

For the time being we are very overbought and there's some evidence of lower highs on the daily RSI chart. An excellent time to take profits.

Note

Opps - that was the BTC chart above, here is the USD chart. Same story really.

Trade active

Ready for the next wave upward and onward?

Trade closed: target reached

Almost 4000% - am out. Hope you are too!

Below is the 10-day chart, considerably overbought. Sure it could go higher but the risk you're taking is unacceptable. Better to rotate into something that is now offering less risk with upside potential, that's the game.

without_worries

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR

Also on:

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.