Polygon (MATIC / BTC) Trade for the Bitcoin maxi 😎 (RR 1:8)Setup: Strong breakout of the consolidation zone and the 200 Moving Avarage on the daily timeframe. Pullback expected to test previous resistance.
Entry: I expect support at previous resistance and this is where my entry zone is based. Around the 200 MA (daily). Orange box.
Stoploss: Stoplos
MATIC---Looks ready for a parabolic pumpI have been chasing MATIC for a long time waiting for this moment. After months, the MATIC/BTC just reached my target 2 which is the best entry. Below that is just a wick caused by FUD. Yesterday we faced the Iran bombing Israel news which caused panic in the market. Nothing major, just situational
✳️ Polygon | Potential Bottom Catch 🙌 Yesterday MATICBTC hit a 1.5 year long low and this can potentially be the bearish wave bottom... Let's dive in.
We are looking at Polygon vs Bitcoin on the daily timeframe.
After a peak in February, a major downtrend developed and yesterday a new low came in. This is the lowest price hit for MA
MATIC/BTC huge move About to happenMATIC / BTC
This massive horizontal support against BTC was greatest one for MATIC since 2021 and never broken since that
Price is testing it again and on a quickly reaction the weekly candle got absorbed indicating bulls are buying here
If bulls will save their ass here again, mega bullish mov
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
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Summary
Neutral
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Neutral
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Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.