MATHUSD trade ideas
$MATH at the crossroadsNASDAQ:MATH doesn't always respect trends and has even broke through them before without much fanfare. It has been idle for awhile now and converging on decision time. If it breaks down, I do not expect it to go lower than my green buy box. However, if it breaks up, I do think it will hit some nice take-profits. Dream scenario is the end of my zig-zag line. Lol.
MATH - Neutral to slightly bullishMATH is an interesting chart, we've rejected off the 50 and 200 day MA's, which coincidentally is the top of the long term downward channel and short-term uptrend. If it holds with higher lows this has a lot of room to run. Most likely, we will test 0.29 again and if we don't push through and sustain above those MA's then I can see this coming back to test 0.20 easy.
Bullish PressureI predict NASDAQ:MATH will hit .50$ within ~2 days The overall activity has definitely seen a shift since hitting a low of $.384 on April 26th. This is invalidated if the coin does not reach $.45 by EOD or goes below the trend line
I've been non-stop monitoring this coin for over 2 weeks and there are a few things I think are unique about it.
1. I strongly feel there's big money that influences the price more than you think.
I always find it interesting when there are big sell orders (80k in total), but the price slowly creeps back up on ~5k volume (bullish) or the opposite where there's is a big buy order(80k or more as an example), but the price slowly creeps back down (bearish). I find the trend of the coin overall is largely based on many small orders(algorithms) and limit order liquidity. It's easy to fall into the trap of putting too much important on big orders. These still have strength, but only on the 1 minute time frame.
2. This coin is not listed on Binance.
I think this is important to note. This increases the chances that big money(~1m$+) can influence the coin easier. On the plus side, binance listing, if ever, would be an instant 50% gain.
3. Insane volatility.
There's not enough liquidity. If this coin goes up, it's almost always a good idea to make small sell orders. Anytime there's a pump of 10%, it will retrace half of that.
Disclaimer: My portfolio currently consists of 100% NASDAQ:MATH and overall I am down -5% on this coin.
Hidden Bullish DivergenceMATH might have more upside. RSI indicates a lower value, while also seeing higher lows.
Currently, on a smaller time scale, there's a ton of buy pressure at $0.55.
MATH is currently one of the best performing alt coins by completely ignoring the recent market drop and instead going up.
I see two scenarios. The RSI continues to drop, the buy pressure is not sustainable, and there's a pull back to $.43. Otherwise, I expect to see a reversal in the RSI and the price goes back to $.85.
MATHUSD: above resistanceWhat Is MATH (MATH)?
MATH is a one-stop crypto platform that combines several applications, including Math Wallet, MATH VPOS Pool, Math DApp Store, MathStaking, MathPay and MathChain. It was founded in 2018.
MATH supports more than 63 public blockchains. It allows users to invest and build their portfolios with automated quant trading, earn an annual percentage rate (APR) of up to 30% on their digital assets, deposit crypto, get instant loans and use crypto for payments regardless of time and location and at zero fees.
Math Wallet is an extension wallet that supports multi-chain decentralized applications (DApps).
Who Are the Founders of MATH?
The founder and CTO of MATH is Eric Yu. Before creating Math Wallet, Yu was the CTO of Zhongtopia, the largest mutual aid platform in China with over ten million users. He was also the CTO and co-founder of XunFang Tech.
What Makes MATH Unique?
The Math DApp store offers users access to such DApps as Math Cloud Wallet, Polkadot VPoS Pool, Near Staking Tools, Binance Staking Tool, Uniswap, SushiSwap and others.
MATH VPOS Pool allows users to stake their crypto and get up to 30% APR. Another component of the MATH ecosystem is MathChain, which is a second-layer blockchain based on Substrate.
The MATH token was introduced on October 22, 2019. It is an ERC-20 token that enables staking, provides a validator infrastructure to networks and offers users rewards.
Math DApp Factory gives users tools that can simplify the development of exchanges, games and other decentralized applications. MathSwap is an instant and secure token exchange that allows users to build crypto portfolios with an automatic quant trading system.
MathNews provides the latest news about the public chains supported by the MATH ecosystem. Finally, MathPay is a cryptocurrency payment gateway.
Math WalletMath is certainly one of the most secure and advanced android and iphone wallet. Maths was also nominated by Binance Lab as the most powerfull wallet in the world.
i never bought this coin but i was rewarded everyday when it was 0.4$ and growed regulary stronger.
after some months i noticed i had already 150+ Maths in my wallet for free.
So i will explain you why Math wallet is unique :
i started to stack some Polkadots on Math Wallet like 6 months ago, the stacking method is Onchain with pools, so u won't be able to unstack your coins for a 30 Days period (Polkadot JS Epoch does the same Cycle), but APR rewards worth the move, Math wallet give 20.6% on Polkadot, 12.7% on BTC, 22.4% on BNB, 13% on stable coins, and 13.2% on Math Token and some more interesting tokens/coins, the good deal is when u Stack coins in this wallet, it will give u also Maths for free that you can restack everyday to make more Maths, like a double bonus, more u stack Maths Tokens, more u have "Stacking Power" and more you have % rewards on your stacks.
i don't usually share any links or ask anyone money for my forecast work, but this time i will add my Math referencial wallet, if you want to try Math or use it,
you will start your Math journey with more "Stacking Power LVL" :
- m.maiziqianbao.vip
Trading Parts :
Buy zones
- 1.89$ Now buy a bit
- 1.50$ Strong support and strong demand Zone
Take Profits
- 3.15$ (ATH Security TP)
- 4$
Don't forget to follow the King like always! if BTC dip, almost everything dip !
Happy Tr4Ding !