✅ Don't miss the great buy opportunity in MATICUSDT Hello my friends, today I want to talk with you about maticusdt chart
price zoomed the resistance and trades above it now price come back and tested it and closing with good separation that's mean there's buyers in this area
volume profile confirms it
through analysis my analysis
I still think that price will continue to grow to our target
for now the bull scenario seems more logical.
So be ready for such scenario.
lets see
Enjoy the market
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you.
Pitchforktrading
Fantom, is it ready? not so sureSo, it's still not clear what fantom is about to do but there's some idea about what i think can be possible:
If you are planning to invest in it, i'm probably not LONG not until 2.078 or 2.153 is broken, ask me why? that's clear, that's an area between 2 major swing highs, when a price cannot peneterate through it's swing high then it's not bullish
Current'y we have a very nice fitting sloped organe line which seems to be capturing price so well that i cannot deny it it comes at a confluence both resistant (which is a fresh one and just flipped from support and it's the first touch ever) and the top of the down-trending channel so you have at lease 3 type of trades on your side if you are short
The fork in force seems to be the green one, but it's doomed to fail if the swing high is not broken, if that breaks you can relay on the green for to catch the next move on MLL (Median Line Low)
but it seems that the fork in foce can be the blue one, it's not confirmed and is not ready to trade still, you can wait for the red lines to break, those are not major swings but they are inportant enough so you can detect a change in the behaviour
In addition, if the orange and channel broke, look for the Red fork, it can capture the price but not very trusted.
Feel free to ask me any question about the analysis
Thanks for your time
ADA, still in a down-trendI don't have a long term idea for ADA right now but i can give you a short term one.
Here we have an expanding triangle which is forming well but haven't finished yet, we don't really expect it but it gives us a clear idea of what price might do.
as we, pitchfork traders, are always looking to trade with an active slope but many of you guys might have noticed trading with just one fork is throwing money in the trash and you may end up losing more than winning so instead of doing that, we are trying to find a valid fork
in here this triangle gives up 2 promising forks, the blue one is a simple one with A inside BC ( This kinds of forks have a higher probability of capturing the price ) and we have a green one which is a modified schiff fork.
in here we have a confluence point of 2 forks crossing + a very nice and clean horizental line crossing from A point of the triangle.
as the long term aspect , ADA hasn't broken a swing for use that we can surely say it changed it's behaviour so we are still short.
my idea is that we can go short with the down sloped fork to the median line. who knows maybe the blue fork breaks and the price goes to the swing and breaks it BUT ONLY THEN i will be looking to go long but not now.
Hope this helps you, ask me any question if you have any
Thanks for you time.
ETH - long ideaPrevious strategy worked fine and we closed the trade with profit, now we have another strategy for steep markets. it's more simple but it again uses hagopian's rule as the main idea of it
when you see a Drop base Drop or a Rally base Ralley structure, you can use the start point ot the move as A point, the first low as the B point and the highest high as the C point, then if the fork failed and the hagopian's line is broken, you can trade to pivot C and even A if you can manage your position.
here we still wating for the break of the hagopian's line which is the sloped green line, it's a scalping trade so make sure your stop is tight and below a valid market structure, we mostly likley want to enter on a pullback to hagopian's line and not just breakout since the timeframe bares a lot of false breakouts (like one we saw in the last analysis).
The pink line is a key swing high and a flipped resistant zone ( which is support now ) which if breaks we can expect the price to fall even more.
i'll keep you posted, ask me any question you have or any pair you wish me to look at
thanks for your attention
EURNZD Potential Pitchfork PlayIn this update we review the recent price action in the EURNZD and identify the next high probability trading opportunity and price objectives to target.
ES - S&P 500 - Profit P5 Is CommingWonderful how the Count 0-5 works out.
At P4, price should reach the U-MLH. But instead it turned south, leaving a void up to the U-MLH, which in a Pitchfork-Trader term is a "Hagopian".
The Rule Of Dr. Hagopian: Price will move more in the opposite direction than from where it came.
In this case, price came from the CL (Centerline). And therefore price moves beyond the CL, which it did.
Another beauty how the rules of a Pitchfork-Trader work. It's just great to know that they work with a super high probability. Not everytime, but more than enough to print $ §8-)
OK, now what?
Well, when price went below the CL again, it zoomed through. After a Zoom we expect a pullback. And it did. Another rule that worked out.
After the pullback, price got rejected. And there it lies in front of us, the final target P5.
This P5 of course can be much lower than in this screenshot projects it. However, after price reaches P5, prepare for P0 (zero).
P0 again?
Yep! After a P5 the full Swing/Pivot process has played out, and we start from new, just in the opposite direction. It's kinda printing money like the FED - just without lying and megalomania (also known as delusion).
I hope this makes you curious to trade with Pitchforks. They're just a tool. But when used in the right context of your trading, they will be PLATIN for your profits... and nerves too §8-)
Stay save out there.
#ILoveThesePitchforksLikeSwissCheese
