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MATIC is at Resistance, Will We See a Breakout?MATIC is currently at the $1.32 resistance. Can it break through and head toward the all-time high? About MATIC: Polygon (MATIC) is a blockchain platform that provides Ethereum compatibility through its Layer 2 scaling solution. It aims to solve scalability issues in the Ethereum network, and make it easier for developers to build and deploy decentralized applications (dApps). Polygon has been making waves in the cryptocurrency world due to its innovative approach to solving the scalability issue and its potential to revolutionize the Ethereum ecosystem. MATIC, a Different Cryptocurrency MATIC has been behaving differently from the rest of the cryptocurrency market. Unlike other cryptocurrencies that reached their lowest levels in November following the FTX crash, MATIC hit its lowest level in June 2022. This shows that MATIC has been resilient and has followed a different trend than the rest of the market. After reaching its lowest level, MATIC has been mainly ranging between $0.70 and $1.00 from July 2022 to January 2023. However, at the end of January 2023, it broke above this range and is now heading toward the $1.32 resistance level. If MATIC successfully breaks this resistance, it will likely head toward its all-time high of $2.91. However, if the resistance holds, MATIC will head toward the $1.00 support level. Additionally, there are 2 more support levels at $0.70 and $0.30, but it is improbable that MATIC will reach the $0.30 level considering the current market conditions. The key to predicting the future price of MATIC is to keep a close eye on how it behaves at the current resistance level. Looking Ahead: Polygon (MATIC) is a promising project that has the potential to revolutionize the Ethereum ecosystem by providing a scalable solution. With its strong performance, MATIC is a cryptocurrency worth keeping an eye on in the coming months.
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by cryptohopper
1
BTC Ranging and my plan of actions (long and short ready) Keeping this chart and idea pretty simple as those are always the best plans in my opinion. I have been observing the current BTC range which I have shown by purple lines. I am personally not interested in trading within this range, although there are plenty of trades to take, I am choosing to opt out and let this range run its course especially with a lot of major news releases upcoming. My strategy is simply to wait for buyer or seller strength to overcome the other, meaning a strong candle close outside of the range. When that range is broken (long or short) it will be important to have some altcoins prepared to trade so they should be prepared beforehand. I'll show an example of what I am watching for altcoin trades using this example of YFII-USDT: This is a chart with a strong and obvious resistance overhead. My strategy here is if BTC breaks it's range higher, then I will go through my flagged charts such as YFII and see if they have also just broken that resistance and use that to time the trades. It's important to have setups prepared for longs and shorts so that we are prepared for BTC to break the range either way. The only additional note I will make for the BTC range, is that it will be critical to pay attention to the breaks of any support and resistance I have drawn. Particularly regarding liquidity traps, essentially false breakouts. So if BTC makes a break outside of the range and then comes back into the range after a clear breakout it will be crucial to be able to flip your trading bias and recognize this as a fakeout.
BITSTAMP:BTCUSD
by Obscure_Trading
Nasdaq: Short-term bull Long-term rangeWhy market is entering into short-term bullishness again and latter uncertainty or range? We will do both technical and fundamental analysis in this video tutorial, and we will see how both analyses can affirm each other. Refer to the related video link, I explained at greater length. Or you can always visit my YouTube channel. Content: . Why market is entering into a short-term bullishness? (Fundamental & Technical studies) . Subsequently the market will enter into a range (Fundamental & Technical studies) CME Micro Nasdaq Futures Minimum fluctuation 0.25 = $0.50 1 = $2 10 = $20 100 = $200 1000 = $2,000 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CME_MINI:NQ1!Long
by konhow
10
Bitcoin - next week game planMy game plan going into next week on Bitcoin ($BTC). Notes on chart - leaning toward at least a sweep of current range low / liquidity to take out a bunch of stops at 22.4k. Lose current range, prior consolidation area is up next at 20k. From there will continue to evaluate if we come back down to macro lows, but expecting a bounce from either of these 2 specific locations if we are going to push higher at all. UNLESS 23.5k is reclaimed soon, invalid in that case. Happy Sunday folks.
BITFINEX:BTCUSDShort
by cryptovatsik
4
CRVUSDT Daily S/R| Psfp| .618 Fibonacci| Equal Highs Evening Traders, Today’s analysis – CRVUSDT – trading in a consolidation with a clear set of equal highs that are likely to get taken, Points to consider, - Price action impulsive - Daily S/R Support - .618 Fibaoncci Support - Equal Highs Objective CRVUSDT’s immidie price action is trading in a consolidation that will breaking in the coming days. A breaking down needs to hold at the current area of confluence, that is with, the Daily S/R, Psfp, and the .618 Fibaoncci, allowing for a bullish bias. The immediate objective is the Equal Highs, exveeding this level will lead to a larger rise Overall, in my opinion, CRVUSDT is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember! “You create your own game in your mind based on your beliefs, intents, perception and rules.” ― Mark Douglas
Long
by AzizKhanZamani
4
SHIBUSDT Local Resistance| Daily S/R| Psfp| Trend Evening Traders, Today’s analysis – SHIBUSDT- trading at a local resistance area where a pullback will allow for a long, Points to consider, - Price action impulsive - Daily S/R Support - Range Low Support - Psfp Objective SHIBUSDT’s immediate price action is rejection from local resistance, allowing for a pullback into support confluence of a Daily S/R , Psfp and Range Low. Holding the pullback will mean a potential rotation back towards range high, the overall objective is the Psfp. Overall, in my opinion, SHIBUSDT is a valid long after a pull back with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work, And remember, “Do not anticipate and move without market confirmation—being a little late in your trade is your insurance that you are right or wrong.” -Jesse Livermore
Long
by AzizKhanZamani
1
BTC - Fishing Time? 🌊Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on Daily: right chart BTC is currently sitting in the middle of nowhere! between our 21,000 support and 25,000 resistance. Sometimes, no action at all, is also an action. 🧘‍♂️ No Trade, Is Also A Trade! Especially that the weekend is approaching, is it fishing time? on H4: left chart BTC is stuck inside a range again. 🏹 For the bulls to take over, for one more impulse till the 25k resistance zone, we need a break above the red high. ⚔️ For the bears to take over, for a correction till the 21k support zone, we need a break below the orange low. Which scenario do you think is more likely to happen? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
18