롱
MATIC potential 2
EOY potential: 10$ (top 5 based on current mcap)
Fundamentals:
* Predominant layer 2
* Most Eth dapps bridged already
* Chain merge? (Hermez Network) <pretty historic
TA/Price action:
* Elliot:
1. Appears to be in the process of wave 5, like most coins. (Following the rule of: equal to wave 1, 1500%=10$)
1. Wave 2 is by the book: flat, low volume.
2. Wave 3 is by the book: 1.618 of wave 1 (the first fib/circle shows that price stopped *exactly* there but momentum was too high for it to start a wave 4.
3. Wave 4 is by-the-book: 23.6% of wave 3 (the 2nd fib/circle lands *exactly* there)
* BBand shows that the trend was never broken, just tested. So wave 3 can't be a wave 5.
* TSV rising sharply since it's visit to the wave 4 end, supporting that it can't be an A/B wave.
* RSI weekly building a breakout (RSI 70)
* Gann catching the wave 4 descent & -60% correction after hitting top fan's 1/1.
^ But first will require a breakout outside of: 2, 3.5, 4.3, 6.3$
RSI resistance will be broken if it hits previous ATH and likely give it momentum shoot to the 4$~ area
Risk/reward:
1. Short term (bad): 1'ish (@2$)
2. Mid (standard): 2'ish (Previous ATH)
3. Long (fantastic): 19.72 (10$)
Disregarding 1. as there's not much point doing short term trends when upside breakout's more probable than down.
Fundamentals:
* Predominant layer 2
* Most Eth dapps bridged already
* Chain merge? (Hermez Network) <pretty historic
TA/Price action:
* Elliot:
1. Appears to be in the process of wave 5, like most coins. (Following the rule of: equal to wave 1, 1500%=10$)
1. Wave 2 is by the book: flat, low volume.
2. Wave 3 is by the book: 1.618 of wave 1 (the first fib/circle shows that price stopped *exactly* there but momentum was too high for it to start a wave 4.
3. Wave 4 is by-the-book: 23.6% of wave 3 (the 2nd fib/circle lands *exactly* there)
* BBand shows that the trend was never broken, just tested. So wave 3 can't be a wave 5.
* TSV rising sharply since it's visit to the wave 4 end, supporting that it can't be an A/B wave.
* RSI weekly building a breakout (RSI 70)
* Gann catching the wave 4 descent & -60% correction after hitting top fan's 1/1.
^ But first will require a breakout outside of: 2, 3.5, 4.3, 6.3$
RSI resistance will be broken if it hits previous ATH and likely give it momentum shoot to the 4$~ area
Risk/reward:
1. Short term (bad): 1'ish (@2$)
2. Mid (standard): 2'ish (Previous ATH)
3. Long (fantastic): 19.72 (10$)
Disregarding 1. as there's not much point doing short term trends when upside breakout's more probable than down.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.