ALT
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.
EOS: Long Term Bullish Setup 1W (Jul. 26)X Force Global Analysis:
EOS has been at a phase of consolidation near all time low support levels for the past few months. In this analysis, we explore a bullish case for EOS based on technical analysis.
Bullish Evidence
- To begin with, we can spot a potential bullish Adam and Eve reversal pattern, with a neckline around 7.8 USDT
- The Relative Strength Index (RSI) shows signs of strength as it creates higher lows
- The Stochastic Oscillator also shows higher lows as a sign of trend strength
- The bollinger bands are narrowing, which is normally a sign prior to a big movement taking place
Bearish Evidence
- However, the Moving Average Convergence Divergence (MACD) shows a lack of momentum through its weak bullish histograms
- EOS is also yet to break out from the descending trend line resistance marked by the dotted white line
- We are currently trading below the Ichimoku cloud, indicating the current trend is bearish for now.
- Further confirmation after a breakout is necessary for the validation of this scenario
What We Believe
In short, while there are a number of bullish evidence marked by technical analysis suggesting a probable bullish case, the bearish evidence suggests that further confirmation is required for a long term bullish setup.
Trade Safe.
COMP.BTC (Y20.P3.E1).Keep an eye on itHi All,
This one is odd one to TA, COMPOUND as a newly introduce Defi, and trying to get the right level is all guesses, however its a challenge and if one keeps an eye on it, you never know when it will explode up.
Recently I read a news article giving it favorable reviews.
"Compound’s New Custodial Wallet Could Spark Institutional Interest in DeFi"
Key Takeaways
> The most used DeFi lending platform, Compound, has integrated Curv—a digital asset custodian focused on institutions.
> For now, only deposits are available, but Curv has plans to enable borrowing later.
> Though the Compound-led decentralized finance (DeFi) sector is rapidly growing, it’s still very small compared to the traditional multi-trillion financial services industry. This may soon change, however.
In the realm of near-zero and negative interest rates, decentralized platforms present more attractive yields than traditional fixed income instruments.
For instance, the most used DeFi lending platform, Compound, offers users over 2% yield on stablecoins plus additional income in the form of the protocol’s governance token, COMP.
Buy the rumour, sell on the news!!
Its a difficult one but one needs to be aware of any opportunities.
Cheers
S. Sari
15 Min time frame
ONTBTC - Aiming to test 10k sat levelOntology looks interesting here, good volumes last months, steady rising up. Everything points to another test of strong 10k sat resistance level.
But it currently trying to pass monthly resistance here (purple line). If this succeeds, then the next goal is 0.0001 resistance.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
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
Take the Profits w/ ALT and ShortFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. The bull run went too high in my opinion and the current wedge looks like it can receive some steep resistance. I think right now it is at a good level where it is a better idea to not try getting too greedy because just as it went up really high, it can also come crashing down steeply as well. Anyways, proceed with caution. If you like this, it is probably less risky to sell and than rebuy at the dip rather than hold long at this current level.
Very Quick Update: LINK Breakout to Upside!!Writing this in the clearest and most concise manner as LINK/USD is surging as I write. Remember to do your own research too.
Trade of BUY has been entered with targets 1 @ 4.52 USD and target 2 @ 4.86 USD.
- MACD is heavy in the blue with strong bullish momentum in the H4 time frame
- Buy volume spikes are steadily growing
- LINK has just broken out of a strong resistance line (red) @ 4.1677USD and now validated it as support with a strong bullish engulfing candle H4 and a long bottom wick, pointing to strong buy pressure
As always, feel free to like and support by following if you want to see more awesome signals like these!
Best Regards,
GOLD D ROGER
A humble trader
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.