MATIC looks tired
https://www.tradingview.com/x/jjifRKSU/
MATIC looks tired.
- Distinct Wave 5 could be ending
- Overbought Stoch RSI 8h
- Broken down from long-term ascending parallel channel
Decreased Network Activity:
Despite an increase in active addresses, MATIC's price has declined, indicating that heightened network activity isn't translating into price support.
Increased Selling Pressure:
A rise in open interest indicates that traders are increasing exposure to MATIC, but if this is driven by short positions, it could lead to increased selling pressure and a subsequent price decline.
A good strategy is repetitive, and even boring.
Keep it simple and efficient.
MATIC looks tired.
- Distinct Wave 5 could be ending
- Overbought Stoch RSI 8h
- Broken down from long-term ascending parallel channel
Decreased Network Activity:
Despite an increase in active addresses, MATIC's price has declined, indicating that heightened network activity isn't translating into price support.
Increased Selling Pressure:
A rise in open interest indicates that traders are increasing exposure to MATIC, but if this is driven by short positions, it could lead to increased selling pressure and a subsequent price decline.
A good strategy is repetitive, and even boring.
Keep it simple and efficient.
Trade ativo
Forgot to add:
We see a 12% drop in the coming days.
But positive trend is still there, so this could have another leg up after.
Trade fechado: objetivo atingido
DECEMBER 09
Over the past five days, MATIC has exhibited significant volatility. On December 4, it was trading around $0.648, reaching a high of $0.716 on December 7, before declining to approximately $0.575 as of December 9.
IT BLEW PAST OUR 12% DROP ESTIMATE.
DROPPING OVER 28% SINCE DEC 06.
Looks like MATIC was indeed tired.
Be alert.
Trade green.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.