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MATICBTC trade ideas

MATICBTC Continued growth?First post ever, trying to learn chart analysis, this is not investment advice and I am not accountable for your losses or gains. MATICBTC (30m chart) triple bottomed earlier today at the lowest point since 2019-11-06 Continued up trend tested twice, third test within the next couple hours ---If third test is a success, watch resistance line at .00000225 ------If resistance is broken expect a 2-10% increase. If trend is broken or resistance line holds ---Do not buy, expect price to drop to around yesterdays close (.00000184)
MLong
by AlexsOptions
3
Bullish on MATIC chartWELL WELL WELL, most people would look at a chart like this and run, not me. Let's break this down like always from a TA/FA point of view. Remember my last MATIC call exceeded all my targets. I must explain that even though this looks like a cup and handle it is not based off old school TA, though it may still result and be traded like a C&H if we rally hard. TA: Firstly the 1D chart does not fully show you what is happening on the smaller time frames, and what you see on smaller time frames can easily transition into the medium to larger time frames as long as Bitcoin holds steady. The smaller time frames moving averages are starting to cross up and over each other indicating that there are bullish tremors even after the concentrated leveraged short attack. Also on the 1D chart we see the MACD indicating that selling pressure is subsiding. The Stoch RSI looks to give a definitive buy signal soon, and the RSI is oversold looking as if there is a little more room for downside. The indicators give us an overall bullish sentiment (at least for a relief rally), though caution should be held due to BTC ( my stops are set if trading). Lastly we are sitting upon the 200 D EMA, and sure this is a new chart and the moving average does not have much data but the area is still support. FA: NOTHING has changed in regards to the team and the amazing tech and dedication that is being put forth. They have been cleared of all suspicion and have explained everything in depth via multiple AMAs/ Interviews. They're looking to finish the year completing 50+ hackathons, which is 3 to 4 times as many as most teams do in a year. They are on schedule for staking (soon), and the Main Net should be completed Q1 of next year. Of course there is massive speculation that Coinbase will list MATIC because Coinbase is an initial investor in the project. There are already many top tier projects experimenting and building upon MATIC and this will only increase greatly after the Main Net. Essentially there is plenty of news to keep this project in the spotlight in 2020, being that it is the most widely adopted and successful L2 helping Ethereum with scailability. Many people are fearful and that makes me bullish. Great traders say, " Be fearful when others are greedy, be greedy when others are fearful". i don't like greed but I understand the concept.
MLong
by Tachycardia
5
MATICBTC KISS| Lower Highs| Key Resistance To BreakHello Traders! Today we will keep our TA KISS = Keep it Simple Stupid, as we have a look at MATIC after a huge dump. It has manage to keep its higher low projection in place as it comes closer to structural resistance Points to consider, - Strong higher lows - Major structural resistance to break - Stochastics in upper region - RSI bounced from oversold - Increase in bull volume - EMA crossing bullish MATIC has established a strong trend line by putting in consecutive higher lows; it needs to hold this structure to keep a bullish bias. Major structural resistance is yet to break, an important level to break as this will put in a new higher high. Stochastics is currently in the upper regions, can stay here for an extended period of time, however lots of stored momentum to the downside. The RSI has bounced strong from oversold conditions, currently in neutral area; a retest of support is probable. Bull volume has increased slightly, needs to maintain as MATIC tests structural resistance otherwise a false breakout may come to fruition. The EMA’s are crossing bullish, it needs to hold price support as price tests and breaks structural resistance. Overall, in my opinion, MATIC must break structural resistance with convincing bull volume. A break of this established trend will be extremely bearish, lower lows will be more probable in that case as the market structure will have then changed. What are your thoughts? Please leave a like and comment And remember, “The obvious rarely happens, the unexpected constantly occurs.” – Jesse Livermore
MLong
by AzizKhanZamani