Wolfepattern
XTZ - Tezos ANALYSISTezos (XTZ) on 4 hour timeframe formed a Wolfe pattern and it is heading towards it first target of $3.22.
The RSI indicator is also forming a divergence which supports it bullishness.
The support trendline is good for building buy/long position a stop loss below it is advised but not tight to avoid being chased out of the momentum.
#MATIC #POLYGON Shortthis chart shows weekly time-frame of #MATIC and related to the last analysis in daily time-frame.
#MATIC #POLYGON Shortfirst impulsive wave as wave 1, formed in 5-3-5-3-5 waves and created a harmonic pattern named wolfe-pattern.
SL: end of wave 5
TP: end of wave 4
For Educational Purpose ''Not a Fınancıal Advise''Dear traders,
The presented graph shows data about changing C98's prices. We may expect fake fall at the sweet spot but keep an eye on that if a decrease is getting deeper, that chart may be invalid.so be careful.As I show in the chart, the first option could be cross-channel consolidation then the TP1. The second option is that if we might have a huge volume and cross the triangle, we may find ourselves at TP2 directly.
Level: 3.909
Level: 4.846
Level: 6.096
Level: 8.372
If there is a sudden decrease, we can buy from these points.
Level: 2.879
Level: 2.685
Level: 2.408
GOOD LUCK.