Layer
OPtimism At Its Best 😁Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
OP has been bearish trading inside the falling channel in green, and we are currently approaching the lower bound.
Moreover, the zone 1.0 is a strong demand zone and round number.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower green trendline.
As per my trading style:
As OP is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
LAYER crossed key level of resistance with volumeLAYER crossed key level of resistance with volume
showing Daily time frame to show key levels of
support and resistance
LVN ( low volume node ) between 0.07757 - 0.1634
Market Cap: 2M
Category: DeFi
Target 1: 0.10906
Target 2: 0.12860
Target 3: 0.14903
Target 4: 0.18812
Stop Loss: 0.06583
Manage Risk - have a stop loss in place
price movement prediction
Price Prediction
not financial advice
this is for entertainment purposes only
always DYOR
MATIC has big gains ahead!Bit of a messy chart this one, but not only do we have a bullish pattern of higher lows and lower highs (green lines) but we also see what could be an inverted head and shoulder pattern with a price target above all time highs.
Sidenotes:
MATIC is a great project, accumulate while its cheap!
I love their ability to evolve to suit the current landscape. long term i think a new test at all time high is likely, but more than likely it goes far beyond that.
ETHBTC Cycle - Livermore Accumulation CylinderI think this is largely dependent on how ETH shapes up in the coming months.
This includes:
EIP-1559
Layer 2 Scaling (Uniswap + Coinbase Wallet specifically)
Mainstream attention on NFTs
If Ethereum fails at these I'd still be surprised if .055 never gets tagged.