EtherSwinger
Similar to SKL - MATIC is setting up to break another resistant before we rocket up. Compared to SKL, MATIC is about 24h behind. Buckle up and enjoy the ride.
An interesting case of fractal and doggy rocketing to the moon! - RSI divergence - low volume awaiting rocket fueling - 9x spike to the moon then 5x to next stable price - 25c per 🐶 soon
MATIC has been in a downward 🐻 channel for 2 weeks since the huge spike 🚀. It may have found the bottom over 24 hours ago (3/25) with RSI making a bullish divergence (red line) along with price bouncing off the 200 EMA (orange) and support line of this downward channel. RSI also seems to be breaking out of the downward trend line (green line). In the mean time,...
SKL dropped hard following BTC, found its bottom, broke out of the descending wedge (in green). Currently appears to be making an inverse Head and Shoulder pattern (possible drawing the right shoulder now). If price breaks 0.605 with volume, it’s a great long trade entr6 with 1.85 RR. Target 1 - 0.65. Target 2 - 0.69, where the full potential of the iH&S pattern...
As you can see, btc found support at ~50K and is currently in a nice bull channel. We will get some resistance in the 54.7-55K’s area soon. - If the bull can break this resistance, we will continue up to 56-56.4K area where btc will see more resistance. - If the bear takes over, I see btc re testing the 50K, possible 49K area. Where we may get a double bottom /...
BNT breaks out of trend line of the descending wedge pattern. Needs volume to confirm but short term goal is 7.8-8.1 target. It also broke out of descending RSI trend line.
Rising widening wedge right below signif ATH price/resistance. Likely down from here to retest prior resistant turned support and lower widening wedge trend line.
Price broke out of descending trend line. Retested it. Now creating a Mirror image of the decline. Up we go from here when price breaks neck point of 0.425.
Elliott. The current bull tracing is likely a part of a bigger picture. For short term, I'm targeting $320-330, est in 2-3 days.
Head & shoulders formation on the recent bear crawl. A difference of $65 from neckline (though descending) to the apex of head. It "may" indicate an equal gain from the end-point of the R shoulder by the end of the week.
Day trade possible scenario - a break below 277-280 zone will probably take it back to the 260's support and may even re-test the 240's zone Red - resistant Blue - support Trend folk