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Maticshort

Bears Maintain ControlI'm pretty confident about this count. Look at the daily RSI. This is the main indicator I trade with. We broke support in wave 4 then retested the bottom of the trend line twice. This stuff is straight by the book technicals. It's almost so clear that you doubt yourself haha. We might be able to hold the 0.214 because MATIC has so much support, but the 0.382 is the most probable for a wave of this degree. Guideline of alternation suggests that since wave 2 was more sideways that this coming wave 4 will be quicker and more directional. *The next little while might be scary. But if you have the guts to stick around and buy these dips and HODL for the next year or so, you will make a lot of money.
MShort
by MonetaryRebel
9
MATIC/USDTMATIC / USDT has been making an interesting move within the accumulation range since its last hike. I am currently seeing this asset go to test the 0.39 USDT region where we have a strong resistance region, so the break followed by confirmation of it may project the asset's price out of the cumulative range at very high prices providing considerable gains. The Ichimoku Cloud does not appear on the graph (I took it out so that it would not be so visually polluted), but at the moment the price is above it and the averages that form it, which suggests that the price may even test on the bottom of it and return for the resistance test until it breaks and then head towards the targets suggested in the graph. Two other points that reinforce this probability are that the price of the asset is above EMA 52 and that the volume has been increasing gradually, that is, the demand entry in the asset may rise considerably very soon. But it is good to remember that the market is sovereign and does what it wants, so what I say here is a probability that I am considering to enter this asset and make profits. So it is up to each one to do the same or not and if you follow this idea, I ask you to do your own research first. Good Business
MLong
by fgolobovant
2
MATIC/USDT Forecast AnalysisHello Tradies! After some deliberation and careful consideration, I believe MATIC/USDT has begun corrective wave formation (and why wouldn't it? It loves following big brother BTC). I have marked out the impulse Elliott waves it has completed and I foresee it needing to get to an oversold status (stoch RSI decline) before starting the next wave. The projections of the corrective formation are not an estimate of magnitude or duration but an indication that I believe it will be heading downwards. It may head approximately to the 0.00850-0.010 level. If it breaks this level down further, we can blame it all on bitcoin. If it is the start of a new wave (which I doubt), it will need to complete correction downwards either way - meaning a decline in RSI and price. As to when, it starts its next wave will wholly depend on BTC's movements. I could be wrong, but hey, nothing surprises me in the world of crypto anymore. In the interim, it is possible to indulge in short-term trades as it corrects. Here's to wishing BTC whales get over distribution of their wealth to FOMOs soon so we can all get on with our lives. :\ _____________________________ Now that you have a sense of the type of analysis I do and the premium charts I publish privately, know that there are other excellent trade opportunities when BTC initiates its downtrend (now available only on Purple Crypto Premium). Happy trading!
MShort
by PurpleCrypto
2