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SOLANA SOL USDT Another Major Outage Means Hard To Trust SOL SOL was looking ok last week. I thought a nice run was going to play out but this recent news about the major outage that hit Solana a few days ago is showing that Solana has a lot of work to do before it can be used for any real world purpose. Solana has been plagued by outages this year, I think this is number 5 for major outages this year. At this point after doing more fundamental analysis on Solana, I believe Solana is extremely overvalued and being propped up artificially. I think that because of the outages and the problems it has that a revaluation is coming soon for Solana. I hat to say it also but Solana has also formed a major head and shoulders, and a measured move of the head and shoulders would be around $4 yikes. I think that $4 is all Solana is actually worth at the moment. Also another big deal is that SOL has been trading in this ascending broadening wedge pattern and has technically broken below the bottom support line. An ascending broadening wedge is a bearish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines. An ascending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines. The upper line is the resistance line; the lower line is the support line. If SOL fails to break back above and back into the broadening wedge then I think a swift move down is to follow. Be very cautious with this one, Ive seen many like Solana over the years and I feel like the hype is dying for this project and a major dump is coming from big bag holders. Once the selling starts itll be almost as fast as Luna. Once people realize how important it is for a project to have 100% uptime then Solana will be revalued to its true worth. Solana does not belong in the top 100 in my opinion let alone the top 10.
BINANCE:SOLUSDShort
by Bitgolder
11
Uptrend turning point : 0.9483Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (MATICUSDT chart) (1M charts) Since it has not yet risen above the MS-Signal indicator, it is difficult to say that it has turned into an upward trend. Accordingly, the key is whether it can rise above 0.9279. (1W chart) The key is whether the price can be maintained above 0.7529 and rise above 0.9391. (1D chart) Looking at the overall picture, I think the range from 0.3840-0.5620 to 0.9483 is an important support and resistance range. Accordingly, the direction in which one deviates from this section is important. This is the current 1M chart's M-Signal indicator touched. Therefore, the key is whether it can rise above the M-Signal indicator on the 1M chart and rise above 0.9483. If this is not the case and it falls below 0.7403, there is a possibility that it may fall to around 0.6314, so you need to think about a response plan. If the price rises above 0.9483 and holds, it is expected to turn into an upward trend. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
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by readCrypto
🔥The Whales Support Tezos Price: Breakout Of Huge Channel❗️🔥XTZ in a bullish trend since whale support the price at the bottom of the channel (green area). Now XTZ breaks the channel and tests it as the support which is bullish sign. If Bitcoin continue it's grows or consolidation at least, the price of all altcoins will go up. Especially, price of altcoins that still close to the bottom as XTZ. 💥 The two targets are on chart. $2 and $4 are the biggest resistances. like❤️ and follow
by Alex_Dehtiarov
3
Is a double top forming on MATIC?I want to draw your attention to the fact that a technical analysis pattern called a double top is forming on the MATIC chart. In case the local neckline, which is at a strong Fibonacci level of 0.618, is broken, we can expect the price to drop to around $0.56. I believe it may be a good idea to place buy orders for the asset in the zone of $0.58-$0.60. Please note that this is not financial advice, and any actions you take are at your own risk!
MShort
by TradeMyIdea
1
🔥 MATIC: Preparing For A Bearish MoveMATIC has yet again rejected from the main bearish resistance that has been plaguing the bulls for years. I'm not sure if we will go all the way down, but in case we do, I want to be prepared. I'm eyeballing the bottom support as a major area of buying, therefore I'm going to be patient until this area has been reached. Bears can play, but bulls will in the end win. With a stop below the October lows and a target at the all-time high we can construct a highly profitable trade. Patience.
MLong
by FieryTrading
6
🔥SNX Trying to Break 1-year Channel: What Are The Targets❓🔥SNX is the top gainer and grow for 2 months straight. Now the chart shows that SNX doesn't have enough power for the futher growth. Only the breakout of the channel and test it as the support will confirms the bull power. Possible that price can fall to the middle of the channel. I think that it will be a good entry point in long. You need to pay attention on Bitcoin of course to make the right decision. 💥The 2 targets are on chart. Enjoy it! like❤️ and follow
by Alex_Dehtiarov
1
Polygon Portal Live as New Era Beckons for EcosystemEthereum-based layer-2 scaling solution Polygon (MATIC) has scrapped its proprietary Wallet Suite in favor of its newly launched Polygon Portal. New era ushered in With the Polygon Portal, the protocol says users and developers can now gain proper access to most of the solutions associated with the Polygon Chain. Through the Polygon Portal, users can now explore comprehensive dashboards for Polygon PoS, Polygon zkEVM and Ethereum. Among the benefits of the new portal include Unified UX for bridging, Third-Party Bridges, the ability to refuel gas and access to explore developer tools. The Polygon Portal also comes with comprehensive documentation, and users will have access to support and the ability to provide feedback. Polygon is constantly evolving, and this evolution is showcased in its ability to revamp its solutions such that they are typically more usable by both developers and users alike. The advancement in its design accounts for why the protocol is the top destination for many enterprises and organizations entering the Web3 ecosystem. The soccer world-governing body FIFA just moved its non-fungible token (NFT) collections from the Algorand blockchain to Polygon. This complements related moves by other firms like Starbucks and Flipkart with active loyalty programs hosted on Polygon. MATIC price in mix The broad-based improvement in the Polygon ecosystem has an underlying, though indirect, impact on price. At the time of writing, Polygon has jumped by 2.67% to $0.8646, extending its weekly gains to 8.16%, according to data from CoinMarketCap. With the launch of the Polygon Portal a show of consideration for developers, we may see more of an influx of innovators into the ecosystem, with new dApps introduced that can drive demand for MATIC. Alongside the POL rebranding that is underway, the upside for the protocol’s native token in the long run is enormous.
MLong
by DEXWireNews
MATIC target 1.4712h time frame - MATIC is creating a potential double bottom structure. Taking a step forward to the lower time frame, MATIC just retested 0.5 Fibonacci Projection, which final target is 1.47. Also, use Fibonacci Extension on the wave from 1.568~0.492, it shows the first target at 1.44, which is closer to target from Fib Projection, and 1.44~1.47 is the neckline of this potential double bottom. Further, if MATIC complete this double bottom, final target will be 2.64. - TP: 1.44~1.47 SL: 0.7145
MLong
by EthanTW
1
SasanSeifi 💁‍♂ A Price Analysis of the 4-Hour TimeframeAs you can see in the 4-hour timeframe, the price has been in an uptrend from the demand zone at 0.73. It broke through the HIGH at 0.79 and grew by approximately 14% to the price range of 0.83. After the growth, the trend is currently range-bound in the price range of 0.80. In the 4-hour timeframe, it is very important to maintain the support levels of 0.80/0.79 cents for the continuation of the bullish trend of the symbol. The expectation that we can consider in the 4-hour timeframe is that, if the support levels are maintained, we will see the price grow to the liquidity range of 0.87. Then, after a partial correction and pullback, it will again be accompanied by further growth up to the supply area and the bearish order block of the price ranges of 0.90 cents and 1 dollar. The possible trend is also shown in the above image. In the event of positive fluctuations, it will be important to see how the price reacts to the liquidity range of 0.87 cents to better understand the continuation of the movement. 🔵Remember, always conduct your analysis and consider other factors before making any trading decisions. Good luck!"✌️ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
MLong
by SasanSeifi
5
MATIC/USDT 4HInterval CHARTI invite you to review the MATIC chart taking into account the four-hour interval. As we can see, the price has broken the downtrend lines, but currently we can see the price climbing the local upward trend. Looking at the current growth, using Fib Retracement we will determine the places of further resistance that the price must face. And here you can see that we have gone above the resistance at the level of 0.618FIB, and are approaching a strong resistance zone from $0.93 to $0.98, when the price breaks above the resistance and positively tests it, we can see a move to around 1, $15. Looking the other way, there is support at $0.84, then we have a second support around $0.79, and then there is a support zone from $0.76 to $0.72. The CHOP index indicates that the energy is currently used for an upward movement, the RSI indicator is approaching the upper limit, but there is still room for a larger move, while the STOCH indicator is moving above the upper limit, which may limit the price increase in the coming time.
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by cryptodailyuk
LDO vs MATIC 3day ChartLDO and MATIC here, as you can see on MATIC, when 200MAs formed it went parabolic (14,000%) History doesn't always repeat, but it does rhyme. LDO should moon eventually, maybe after BTC halving. These moving averages will form in about 20 days. If they form under price, in theory, it should be bullish. Also, it is possible for price to get pulled into these newly formed moving averages and then spring off of them. Notice it happened on MATIC. I don't want to miss the LDO train when it leaves the station. I will probably acc. from here and dip down into the 3day white 100 if we get that. Thanks for your time. Please follow here for more!
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by Cosmicbag