4 hour chart shows very bullish plenty of upside! 60 cent target4 hour chart shows very bullish plenty of upside! 60 cent target
rsi gearing and perking - mac d wide open on 1 day.
targets are 40c and 60 c - 3X
not financial advise
ALT-COIN
XRP 4hr bullish chartXRP looks strong vs BTC in short term which can translate into long term strength as well.
Read my last XRP chart where I called the bottom for XRP, if you want fundamental analysis.
RSI is neutral, MACD histogram is showing selling pressure subsiding, MACD is giving us a buy signal. EMAs are starting to tighten, XRP should do well against BTC and USD value should increase! I usually give more analysis but I am busy today.
If you don't know about FXRP (XRP fork) then you should look it up on the interwebs :)
Matic Network looks strong VS BTC.Matic has ranged for a while and things are starting to heat up, let's take a look.
Matic bulls are pushing against the resistance of the .236 of the down fib (red line), while all the indicators look amazing. The RSI hit 26 on the 27th of July, If you look at the charts history Matic usually bounces well off of the 30 RSI area and as we can see it looks to have currently. The MACD histogram shows that selling pressure is subsiding and that we may have a bullish MACD cross very soon. The Stoch RSI is pointing up and gave us a buy signal recently. So basically the indicators look great and Matic may be looking to lead BTC now in the dance of the red and green sugar dildoplum fairys .
If Matic starts outperforming BTC that generally would mean the price of Matic will also increase, especially in this market. As you guys know I posted a long term 1W chart for Matic and I believe that we will be headed for .043 cents area very soon, then towards .08 cents after.
This month is extremely bullish for Matic, obviously you know Matic Mainnet and staking was initiated, so Matic's fundamental foundation has been established. Now Dapps can onboard directly to the mainnet and experience the superior scaling features everyone has been raving about. These dapps include powerful and well known gaming dapps, ultility dapps, DeFi dapps, and ecosystem dapps (Everything you can wish for). These dapps are migrating from huge competitors also, such as Tron and Loom, not to mention from the Ethereum base layer, so obviously Matic has it going on. DeFi is huge right now so I can't wait to see the other DeFi dapps that will be deploying very soon, also we know StaFi a Defi Dapp is saying they will contribute their governance tokens to Matic stakers which is huge. In other news we also see that Matic Exchange staking is going to be initiated very soon and that rumors of tier 1 level exchanges look to onboard Matic soon (huge!!). Matic recently submitted their solution to Reddit in hopes of capturing Reddit as the next main stream Dapp to deploy to the Matic Network (Huge!!). Matic truly benefits from the India factor as it is the main and most powerful project coming out of India as India begins to blossom into the next blockchain hub if the world. 80-90% of dapps in India are said to be in talks with Matic and speculation alone could trigger Matic to go parabolic.
(Crypto Secret Circle Youtube name) In a YouTube video I made recently I explained how Matic could reach $1-4 conservatively in the next bull run, it has plenty of research backing my thoughts so it is a must watch video.
None of this is Financial advice just my opinions, just know that Coinbase invested in matic early and Coinbase custody offers Matic. Binance launched Matic as an IEO , and smart money seems to be talking about Matic in very hushed tones. This could be as close to a Matic/ BTC bottom as we can ever get again.
Matic Network the sleeping giant!Matic EMAs are bullish in fact the 21 just retested the 50 1D EMA, all the other indicators look just as amazing. Stoch RSI is erect, MACD has crossed over and is bullish, RSI is erect and pointing toward the moon. Matic printing a huge ascending bullish triangle.
Matic tokens have been moving into staking lock ups, less supply in the market to keep the price down. Matic has finished their Mainnet and Dapps are flooding over. Chandresh, head of marketing and Strategy has hinted that something big is coming for Matic holders. Ethereum needs Matic to enable mass adoption.
So much more to come. .04825 first major target .08350 major break out of the ascending bullish triangle.
Aztec the Eye
Matic Network 1H Bullish Ascending Triangle Sure this is an 1H chart but you can see the bullish structure in any time frame, I like the 1H here because you can zoom in and see the reaccumulation in detail. In the short term I see Matic returning to the bottom support trend line of the ascending triangle, but from there statistically we have a great chance of breaking the upper resistance trend line of the ascending triangle.
Personally I'm waiting for a touch of the bottom trend line then I'll reassess the indicators at that time in order to see if we have an even higher probability of moving upward.
If you're looking for news, Matic Network is doing big things. Just today they partnered with Infosys which is a NYSE traded 40B worth company. They recently partnered with Tech mahindra which has already made over 5B in Revenue this year. They were invested in early by Coinbase and also have the backing of Binance due to Matic being one of their IEOs. I have speculated that Coinbase Pro may list Matic Network also soon due to the fact that many of the technical check offs for listing the token are being checked off as we speak due to the Matic Mainnet happening as we speak.
Just a trade that might continue to play out very well, not financial advice, never give up on the future of money.
NKN inside a long term triangleNKN looks to be inside a long term sustained downtrend but has bottomed out potentially. I'd be watching for a break of this structure either way. My opinion is a bullish break is more probable. We see an up trend starting but it's a matter of if the bulls can keep it up.
Alts Last line of support Total alts cap broke out the ascending channel and looking for discovery below the channel. If we count the wave, then we should be nearing a bottom any time soon. We are sure everyone is surprised why the alts seems to still be in a bear market.
Some alts devs can , we can count a number of projects whose devs don't have money to run the project anymore , some devs have dissapeared and left the project to the community without enough funds to continue.
So what we might be witnessing in the next couple of months might be real capitulation. Though Ethereum is responsible for more than 90% of the alt coin sphere,which means some the alt dev exit plan might be to sell as much eth n alts as possible into bitcoin , then into fiat , which in some other theory might be the actual reason for the bitcoin pump, but then we never know .
as seen previously alts with good fundamentals should really pump hard when bitcoin starts reaccumulating at its 0.618 fib level. Watching the support and bitcoin at 0.618 fib level to see how alts react.
Now fewer newbies to trick with buzz words, it is projected some alts might not survive this season.
BTC to $8200 or lowerAfter a highly exceptional run bitcoin reached it's 3.618 target, with percussion.
BTC saw it's value reach, in perfect fashion, the 3.618 advancement line.
Also consider Bitcoin's Dominance found strong resistance at a perfectly measured Gann Fann
Please see related idea:
From here, I see two possible scenarios playing out for Bitcoin.
Either, the bear market is truly over and this 5-impulse wave up was just wave 1 of the larger move to come, in which case look to the blue up arrows and green & orange boxes.
This could see the price achieve a new all time high for 2019. $22,528
OR
It was all the US/China trade war and a trade deal announcement and deescalation of tensions between the US and China.
Such an event would happen over the summer. Between potentially next week and say labor day or end of September if you wish.
I think we will have a better picture of things to come by the end of June and again by the middle of July
But in any case, I am quite confident the price of bitcoin will do some type of correction trend lower over the next 1-3 weeks. (Probably 3 - until the middle of July).
short targets - just follow the Fibonacci road!
Green boxes are pretty safe bets, IMO.
1) $9316 (green zone - high prob)
2) $8136 (green zone high prob)
3) $7183 (Yellow zone - med-high prob)
4) $6229 (Orange zone medium prob)
Long targets for Wave 3
(Bitcoin will eventually achieve ALL of these targets, and beyond.)
1) 11,280
2) 13,530
3) 15,779
4) $18,029
5) $22,528
