Innercircletrader
WILL $MATIC BOTTOM AT $0.37 BEFORE THE BULL RUN STARTS?Polygon- A fundamentally strong ecosystem that has been bridging the gap between Web 2 and Web 3 by onboarding new users through various partnerships. $MATIC is the native currency in the ecosystem.
The answer to the question in the title is most probably. With this said, lets dive into the analysis below:
The current macroeconomy is bearish which limits the growth potential for majority of the asset classes including the Crypto market. This limitation results in fundamentally strong coins/ tokens to stagnate or decline in price. This enables us to position ourselves accordingly for the next bull run. Now we take a look at how we can position ourselves using technical analysis (Pure Price Action).
My confluences for expecting lower prices for $MATIC:
- The macroeconomy is looking bearish for the coming months.
- There is a clear Fair Value Gap between $0.60- $0.68 which will very likely be filled before any rally.
- There is Sell Side Liquidity below current price denoted by the $ sign that are attractive for smart money to raid.
- There is a Bullish Order Block that has not been tested as yet.
I will be looking to take full profit from any Short position I enter upon reaching that Bullish OB around $0.40. Long positions are set to be opened below $0.40 (preferably $0.37).
This is Not Financial Advice, this is for educational purposes only. With this said, Happy Trading Pals.
EURUSD potential Forecast CPI news | Tuesday 13th December 2022Hi there guys,
I mainly use ICT Concepts for my trading.
Here's a trade idea for Tuesday, 13th December 2022 for the US CPI news release .
Idea
Those are possible trade ideas with buy stop and sell stop on the chart.
Abbreviations
BSLQ : Buyside Liquidity
SSLQ : Sellside Liquidity
FVG : Fair Value Gap
MSS: Market Structure Shift
For entries, always use confirmations on the smaller timeframes! Stay safe trading!
Feel free to follow me, comment + boost this post if you guys enjoyed this!
Regards,
Chen Yongjin
EURUSD potential Forecast | Monday 12th December 2022Hi there guys,
I mainly use ICT Concepts for my trading.
Here's a trade idea for Monday, 12th December 2022.
Idea
Looking for price to possibly continue bearish, taking out the previous daily low and possibly head towards the 1.04880 area where the SSLQ & 70.5% Fibonacci line are located.
Abbreviations
BSLQ : Buyside Liquidity
SSLQ : Sellside Liquidity
FVG : Fair Value Gap
MSS: Market Structure Shift
For entries, always use confirmations on the smaller timeframes! Stay safe trading!
Feel free to follow me, comment + boost this post if you guys enjoyed this!
Regards,
Chen Yongjin
EURUSD potential Forecast | Thursday 8th December 2022Hi there guys,
I mainly use ICT Concepts for my trading.
Here's a trade idea for Thursday, 8th December 2022.
Idea
Looking for price to possibly tap into the 1.04841 area where the 61.8% Fibonacci line and FVG are located. Expecting price to possibly reverse from that area to clear the liquidity resting above.
Abbreviations
BSLQ : Buyside Liquidity
SSLQ : Sellside Liquidity
FVG : Fair Value Gap
MSS: Market Structure Shift
For entries, always use confirmations on the smaller timeframes! Stay safe trading!
Feel free to follow me, comment + boost this post if you guys enjoyed this!
Regards,
Chen Yongjin
EURUSD potential Forecast | Tuesday 6th December 2022Hi there guys,
I mainly use ICT Concepts for my trading.
Here's a trade idea for Tuesday, 6th December 2022.
Idea 1
Looking for price to possibly tap into the 1.04798 area where the H1 demand and 70.5% Fibonacci line is before taking a long to the upside, clearing the previous daily high, bslq & the daily FVG.
Idea 2
Looking for a strong displacement to the downside for price to break the previous daily low before clearing the SSLQ
Abbreviations
BSLQ : Buyside Liquidity
SSLQ : Sellside Liquidity
FVG : Fair Value Gap
MSS: Market Structure Shift
For entries, always use confirmations on the smaller timeframes! Stay safe trading!
Feel free to follow me, comment + boost this post if you guys enjoyed this!
Regards,
Chen Yongjin