DYDX long$DYDX is showing strength despite the market crash. This is a great opportunity to get in strong assets and as soon as markets go sideways or start recovering - bullish movement to resistance level at 10$ is likely to be reached.
L2
MATIC long$MATIC is bouncing off the major bullish trend line and support level. The bullish setup is being formed along with the fundamental news - implementation of it;s own EIP-1559 update. After the bounce off, bullish movement is likely to continue and reach the resistance level at 2,44$
Long on MATIC$MATIC has reached the lower boundary of an ascending channel and now is bouncing off the support level. Bullish movement inside the channel will likely continue to upper boundary at 3.32$
DYDX long$DYDX just broke through the major descending trendline. Bullish movement to next resistance level at 18,5 $ is expected to happen.
MATIC long$MATIC broke through the resistance level. Bullish movement is expected to continue up to resistance at 2,57 is expected to happen.
Macro bullish - but a couple weeks of slow grindIt looks like we're about to close this week with a HL, which is macro bullish. But reminds me a lot of the may crash. We put in a HL, then grinded down for the next few weeks, until we finally hit support after wicking to 29k. This is where everyone was screaming bear market. If I had to guess, we grind down to as low as 37k, where everyone will once again be screaming bear market, before pumping up. As long as these are just wicks, and we don't get any weekly closes below 42k, I remain macro bullish. Remember, on the bright side during the May-June weekly grind down, this is when NFTs were popping off. My theory? Find a narrative and play it. Keep in mind you'll have to find undervalued coins with this narrative. Current narrative I'm looking at is L2's and Metaverse (Infrastructure, not P2E games). Probably 2 months of grind down (if I'm correct) and then a pop off late Q1-early Q2 of 2022.
MATIC has big gains ahead!Bit of a messy chart this one, but not only do we have a bullish pattern of higher lows and lower highs (green lines) but we also see what could be an inverted head and shoulder pattern with a price target above all time highs.
Sidenotes:
MATIC is a great project, accumulate while its cheap!
I love their ability to evolve to suit the current landscape. long term i think a new test at all time high is likely, but more than likely it goes far beyond that.
MATIC RANGING IN OUR ACCUMULATION BOX MATIC STABLE IN OUR ACCUMULATION BOX. CAN WE BREAK THE DOWNTREND?
HOPEFULLY WHEN BTC RECOVERS, MATIC WILL EXPLODE TO 7/10$. MARK MY WORDS.
ENJOY THE BUMPY RIDE.
STAKE ready to explode! (*beautiful cup and handle pattern*)Fundamental analysis:
Stake was endorsed by Vitalik 6 months ago but people forgot due to lots of new hype around NFTs and DeFi.
As far as I'm aware Matic and xDai(STAKE) are the only 2 Ethereum second layer solutions ready right now!
Both projects have a 50% circulating supply from the max total token supply.
Matic has an approximately 20x bigger market cap than Stake.
Stake is still not listed on major exchanges which represent multiple X potential in price appreciation.
Technical analysis:
Beautiful Cup and Handle formation is in correlation with fundamentals and market cycle.
Target1: $72
Target2: $104
Target3: $200
This is not financial advice.
Please do your own research.
Happy trading!
Just hold but more slow :/I think the next step will come more slowly, because currently the feelings are mixed but we must hold and time will do the job! But we don't have to worry about the future ETH L2, we still have a few weeks I think but afterwards, it will be even more unpredictable!
