What's next for MATIC / USDT?A beautiful symmetrical triangle formation on MATIC / USDT daily frame. RSI shows oversold condition. The MACD indicator shows that a downward price trend is likely to occur. Will this bounce of the bottom line and eventually break out to the upside?
If the price breaks out of the triangle in an upward sloping trend - I recommend that you wait for a solid confirmation - then enter a long position.
Take profit ideas:
TG 1 - 2.67$
TG2 - 3.028$
I keep it simple and clean!
Likes, comments, and follows are dearly appreciated.
Let me know what you think and which ones you would like for me to analyze next.
Trade safely!
Trianglebreak
OSTK TRIANGLE BREAKOUT Last night, OSTK broke out of a triangle showing very strong bullish momentum.
If you managed to enter when it broke out before it went up higher, then lucky you.
However, for people who did not manage to enter on the breakout, you can always enter when it retest which might come or might not.
If it retest at 95.43 area, i will be interested to enter.
This is just my own analysis. Please do not copy.
BLZ WEEKLY BREAKBLZ just broke out and met target 1 - $0.32 and we still have 3 targets left with ATH to follow.
It broke out of the triangle on the daily and weekly, let us see what happens with the close of tonight.
NFA.
SHIBA INU 15-M Breakout?SHIBA INU | 15-minute chart
SHIBA has just bounced off of support in the current triangle channel it is in. From here it has begun to test and break the resistance set by the purple 200 EMA. It is currently chopping at the 200 EMA, deciding if the 200 EMA will act as resistance or support. If the 200 EMA does act as support, the candles could continue north where they could test and break the yellow 55 EMA and the triangle pattern trend line. If the triangle pattern trend line acts as support, there could be a breakout that could be monitored with the 55 EMA. The 55 serve as support lines to signal exit points.
The opposite of this could easily happen, which could happen if the 200, 55 or triangle pattern trend line serves as resistance. If this happens, the candles could drop back to test the bottom triangle pattern trend line again. From there it could break upward, repeating its current move or it could break south out of the triangle pattern altogether. No crystal ball here, just executing patience, and time will tell!
Obviously, this is not financial advice! Simply sharing my trading journey for educational purposes only. Make your own trades, that is what it is all about. Peace friends!
MATICUSDT ✈MATIC forecast .
MATIC is the native cryptocurrency of the Polygon network and is used to help drive development across the network and can be used for staking and paying for transaction fees. Users can earn MATIC tokens by providing computational resources and services to the Polygon network.
overstock is time It is time for overstock, check my previous post
would be nice to see another momentum
VET:USD broke out!!VET broke out of the triangle pattern and retested the resistance line as support.
We are currently hitting a strong resistance zone,
once we get past it we can expect A VERY strong move.
The price expectation for this pattern is 0.35 DOLLAR.
JASMYUSD: JASMY 11 Cents Target Hit & Exceeded! Congratulations!
Last Vid (see Link to Related Ideas below) predicted 11 Cents
Last Vid I predicted the breakout would happen within hours. It did.
Our target of 11 cents has now been met and exceeded.
Congratulations to all traders in order
Now where to?
Matic, The time has comeMatic, about to show the world why it reigns supreme amongst L2s. Expecting explosive price action in the immediate future.
As always, it's important you educate yourself and dyor! This is purely a speculative personal analysis.
Matic, breaking out of the triangle structure established by the last few months worth of price action. Seeing an accumulation and bullish flag having formed over the last weeks worth of price action.
Matic has also just flipped bullish on the MACD for both the BTC and Eth pairs. Adding to the weight of the incoming move.
RSI - We're seeing the RSI bouncing around and ranging within the 58-60's range. Expecting another bullish move here.
Supertrend - Bullish on the SuperTrend indicator. We've been witnessing consistent daily closes above the last line of SuperTrend resistance points. Adding to the overall confluence.
OBV - A bullish ascending triangle has formed. We've been seeing an accumulation of on balance volume form elegantly within the triangle structure. With a rejection having previously occurred when attempting to break the triangle structure. We're now consistently testing the ceiling of the triangle formation for an upward breakout.
MACD - Bullish confluence on the MACD with daily momentum continuing to compound.
RAY/USDTRay has broken out of a desending triangel.
A desending triangel is a bearish pattern, but in this case ray made a bullish break out.
Ray was looking strong with a double bottom and a smaller double bottom at the end of the triangel, (within the second bottom)
The smaller double bottom got confirmed. this means it broke the triangle, and above the 200ma.
The big double bottom is now in play.
On the daliy chart RAY looks pretty good,
Stochastic RSI has confirmed bullish cross,
MACD is about to cross bullish aswell.
Idea is on chart. i already bought the break out, and now im looking for a retest around 10.250
XRP 20% descending triangle pattern🚀you can see that XRP forms a big descending triangle in 3 And 4 hour timeframe.
the price is already is in the middle of traingle, if the price breaks triangle at the end we can expect that price move At least 20% in both side.
Long target after breakout : 1.2600
Short target after breakout : 0.9600 or more dip
Visa Inc. (V) bullish scenario:The technical figure Triangle can be found in US company Visa Inc. (V) at daily chart. Visa Inc. is an American multinational financial services corporation. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards, and prepaid cards. Visa is one of the world's most valuable companies. The Triangle has broken through the resistance line on 16/10/2021, if the price holds above this level you can have a possible bullish price movement with a forecast for the next 19 days towards 240.18 USD. Your stop loss order according to experts should be placed at 218.63 USD if you decide to enter this position.
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