Balaji Amines on the way of sky rocketing Here on chart, you can easily check that it had broke the trendline on Friday @ 2348 level, now it will fly towards upside soon. Crucial Levels are:
1st Target - Rs 2700
2nd Target - Rs 3500
3rd Target - Rs 5000
Stoploss - Rs 2000
Note - Please consult your financial advisor before taking any trade in Balaji Amines
Skyrocketing
"MATIC" Polygon growth potentialHello guys.
hope you are good
today im going to explain a few about the reasons MATIC skyrocketing these days.
i look this happenings in 2 sides:
first Fundamental News
and second Technically.
lets go...
"On Monday, deltaDAO, a data economy solutions company, launched its Gaia-X Web3 Ecosystem network upgrade based on Polygon Supernet.
The Polygon team said the collaboration brings the blockchain at the heart of European data economy.
The partnership enables a global trustless data economy where users are in full control of their data, it added
Antoni Martin, co-founder of Polygon, said the partnership will help provide an open and federated data economy for the European digital ecosystem.
Earlier, Wall Street bank JP Morgan said it successfully executed a trade using the Polygon blockchain network.
This came as a big boost to the Polygon community as it led to MATIC price rise.
Similarly, another major collaboration news came in the form of Instagram with Meta saying it will be using Polygon for its first NFT marketplace. "
Sooo excellent reasons exist for this rally.
now lets see it technically...
the price action breackout a long side move from JULY and surpass the 200MA.
and break the important 1$ resistance.
asnd when we add 55EMA to the chart we see a nice GOLDEN CROSS.
what a nice situation...
lets imagine its just a step of correction so we have C wave in play with at least 78.6% fibonacci level target 1.76$.
and maybe 100% level on 2.6$!
BUT...
be careful if bitcoin come back below 20000 , maybe we see a pullback to 200MA and price 1$ or 0.97$
and after that again it starts.
and in the end
all of this analyze is my personal opinion and you shuold DYOR (Do Your Own Research).
so i use I THINK already :)
dont forget to manage your capital and risks.
and dont forget we play in a VERY RISKY market
so ALL THINGS POSSIBLE...
i hope success for all of you my dear friends.
ATOM SKYROCKETING BACK to NOVEMBER LEVELS.The Cosmos coin has been very strong in recent days, considering the overall weakness of the market.
Investors are increasingly eager to invest in this project, which helps connect data from different blockchains, and thus is critical for further adoption.
On a technical standpoint, it has still 25% left to make a new ATH. A lot of supply on the way which might hinder for some time a new uptrend.
Let me know your thoughts.
Thank you and good trading!
Celcius Experiences Outstanding GrowthCelsius (CEL) experienced an exceptional 300% growth in one month. The coin has now stabilized, and its direction is currently unclear.
Celsius Fundamentals
Similar to a bank, Celsius (CEL) borrows from one set of clients, lends to others, and profits from the difference between the interest rate. However, CEL mostly works in the crypto space as it mainly borrows and lends in crypto. Additionally, it does not have any government deposit insurance, making it riskier than a traditional bank.
Celsius on the Chart
Celcius experienced an exceptionally long ranging period this year from July to September. On September 10th, the price finally made a breakthrough, and CEL experienced an outstanding 300% growth in a single month. The coin reached an all-time high of $1.5. CEL is now stabilizing between $1.2 and $1.5.
Due to the swift and strong growth, the coin hasn’t created any support level on its way up. Therefore it is now in danger of failing all the way down to the $0.5 and $0.35 support levels.
An indicator that you can use to get early buy and sell signals on the daily chart is the MACD. The MACD indicates a buy signal when the histogram turns green and a sell signal when it turns red. The indicator works well to identify bull runs early and sell relatively close to the high. The MACD can be classified as both a trend-following and momentum indicator. Like all trend-following indicators, it tends to perform poorly in ranging markets.
Looking Ahead: The MACD is now about to turn red, indicating that the bull run may end. Since no support levels were established, it is better to time your next entry with technical indicators rather than support levels.