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MATICUSD trade ideas

Polygon looking goodGreeting fellow crypto hounds. $MATIC Nice move up recently on good volume to settle in above a previous high. Appears to be consolidating and establishing a new POC around the 1.9 area as well as letting the 20ma catch up. Looking for a continuation unless the general market hits some bumps. Likely to see some resistance in those previous high areas around 2.4 - 2.5 but I continue to be bullish on MATIC I am holding MATIC in both medium and long term folios Peace and Good luck
GEMINI:MATICUSDLong
by AbTrader0
Polygon (MATIC) - November 7Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (MATICUSD 1W Chart) - Mid-Long-Term Perspective Above 0.681 point: Expected to create a new wave. The wave cannot be considered complete and requires careful trading. (1D chart) In the CCI-RC indicator, the CCI line has risen above the +100 point, entering an uptrend. We need to see if the CCI line can touch the EMA line and continue the uptrend. If the price maintains above the 1.634-1.837 range, a move is expected to move higher than the 2.447 point. The key point for this rise is the 1.443 point. Therefore, if the price holds above the 1.443 point, we expect the uptrend to continue. ------------------------------------------ (MATICBTC 1W chart) ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released. (Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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by readCrypto
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