MATICUSD One more correction left before going parabolic!It has been a little over 2 months since our last analysis on Polygon (MATICUSD), which eventually hit our 0.7000 target (see chart below) and has now broken above the 1W MA100 (green trend-line) for the first time since March 13 2023:
As you can see on this 1W time-frame, we are about to get a Bullish Cross between the 1W MA50 (blue trend-line) and the 1W MA100. That will be the first in MATIC history but we do not expect it to create the conditions for an immediate rally. Based on the same long Accumulation Phase of the previous Cycle, the rally started after the price broke below the 1W MA50 one last time.
Once that happens, we will turn bullish on MATIC again for the long term and target the 2.0 Fibonacci extension at 5.000.
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Crytocurrencies
Bitcoin Surge Imminent: The Breakout You Can't Afford To MissBitcoin may have a moment of Deja Vu as it revisits the $30,000 round number. This low was formed in January 2021. It also held as support between May and July 2021 before price went on to create record highs of almost $69,000.
A descent followed over a few months and in May 2022, price returned to the $30,000 round number. This level acted as support for a few weeks, and then in early June, there was a break and close below this level on the weekly timeframe.
An area of consolidation was formed between $15,500 and $30,000, which price
needs to break out from before we get a clear indication of the direction it will head next.
A break below $15,500 would likely be followed by further weakness. A break above
$30,000 could indicate the resumption of the long-term bull trend.
Within the consolidation zone, the weekly 200 simple moving average has acted as resistance.
Price has now broken above it, which is an early indication of further potential strength.
But we need a break above the all-important $30,000 level.
Should we see a breakout in Bitcoin, we must be prepared for the strong impulsive moves
in the market across most crypto coins.
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See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
CARDANO (ADA) outlookMy view about ADA
1. ADA is trying to moving from bearish to bullish
2. ADA now is on support/bottom of bullish chanelling
3. ADA have a potential forming symetrical triangle
4. MACD have a potential making a golden cross
my strategy is buy rn, and then stop loss below swing low before. Hope ADA can become a profit. For the target profit, you can adjust what you like. because price is so flexible.
Goodluck all (:
cheers,
-NFA-
LTCUSDT to go to $270? - Weekly ChartAs highlighted we have had a macro negative trendline break which started an uptrend and now a double bottom setup finalising
The height of both of these gives us a final target at $270
However it will pullback on the way, the dashed lines being my other take profits and the small dotted lines being areas of resistance - evident as we bounced off $161
Depending on market conditions the amount we take out at each level may change giving the opportunity to enter on a pullback from these levels!
Only thing to bear in mind is the RSI is hugely overbought, which may see momentum slow next week or the week after.
Happy crypto market guys, lets make the most of these waves
ETH has done unreal today, trying for $1000 and BTC strength continues with it sitting around $32-34k
Volatility is majorly high though so take care, remember suitable stop losses!
Mine for this trade is a little below the neckline, haven't raised it yet as will manually remove some position with aim to re-enter lower if we get bearish divergence on the daily time frame!
Bitcoin set to smash ATH in the next 8 to 12 WKS thanks to......Astronomical returns possible: Bitcoin set to smash ATH in the next 8 to 12 WKS thanks to "Big Oil" signal after SPX setting ATH's >> WK 16 DEC 19 63% 8 WKS >> WK 25 SEPT 18 437% 11 WKS >> WK 28 JAN 13 1383% 10 WKS. The only time signal did not work was when bitcoin MACD histogram was in red. CAVEAT: WTI Crude Oil Weekly MACD line (source HIGH) has not yet closed >0. Big Oil signal still needs to confirm. NOT ADVICE. DYOR.