Updated
MATIC: decision point
I'm currently shorting ZEC but I got this alert I've set on MATIC weeks ago. After that "revival pattern" broke out it went +57%, I probably didn't enter back then because I noticed it too late and being in "bearish mode" I don't trust longing.
I had set an alert on price crossing EMA 200 and that happened today but price is already below it. If this would breakout EMA 200 it'd be worth to long, assuming off course that volume would be able to sustain the growth. If instead, as I think, EMA will work as resistance we might have a good shorting opportunities.
Market should be already dumping, it's going up only because ETH merge is rising the hype. Currently it's BTC which is following ETH. I think ETH will retrace now after having touched 2K and so market will shift back on BTC leading or dump directly. From this point of view MATIC it's closer to a short opportunity rather than a long. Also notice the bearish DIVs currently forming.
I'll monitor it until I'm in this another short and until I'm not sure it's going down. No trading indication... for now!
I had set an alert on price crossing EMA 200 and that happened today but price is already below it. If this would breakout EMA 200 it'd be worth to long, assuming off course that volume would be able to sustain the growth. If instead, as I think, EMA will work as resistance we might have a good shorting opportunities.
Market should be already dumping, it's going up only because ETH merge is rising the hype. Currently it's BTC which is following ETH. I think ETH will retrace now after having touched 2K and so market will shift back on BTC leading or dump directly. From this point of view MATIC it's closer to a short opportunity rather than a long. Also notice the bearish DIVs currently forming.
I'll monitor it until I'm in this another short and until I'm not sure it's going down. No trading indication... for now!
Note
MATIC started going down, I was right leaning toward this option. If you took it you're in profit, congrats!4h:
daily:
Note
Like for my ETH signal, even MATIC keeps on going down. I hope you jumped in when I posted the signalTrade closed: target reached
Those of you who entered the short can close it now... it's -13%, can still go down but why risking more?
I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.