Panjang
MATIC Cup and handle BULLISH!
Hi, Tradingview
$BINANCE:MATICUSDT
MATIC has formed a cup and handle on the 2hr, and 4hr chart. We can also see with the TSI indicator that there is what looks like a bullish
crossing possibly happening on the 2hr, however possible bearish crossing on 4hr. This means it could go either way. We could see a bounce
on the 4 hour with a break on the 2 hour(bullish), or a bounce on the 2 hour with a break on the 4 hour(bearish). I will be waiting for
confirmation of either before I get into a trade (details below). Before we get into that I want to discus what could happen if the bearish
crossing on the 4 hour takes place. 1. We could see a test of the .85, or .83 support (yelllow dashed lines) 2. we could see a complete
breakdown of the cup and handle. Breaks downs like that have been occuring recently. I personally am leaning more towards the bullish side
as I believe the rest of the market is.
How I would trade this (will update if I take a position)
Entry: Break and confirmation of red box, retest of .8535 support with bullish TSI
SL: break below red box
TP1: .89
TP2: .90
TP3: .95
Hoping to see some more bullish action. Happy trading!
-- Spike Cap
$BINANCE:MATICUSDT
MATIC has formed a cup and handle on the 2hr, and 4hr chart. We can also see with the TSI indicator that there is what looks like a bullish
crossing possibly happening on the 2hr, however possible bearish crossing on 4hr. This means it could go either way. We could see a bounce
on the 4 hour with a break on the 2 hour(bullish), or a bounce on the 2 hour with a break on the 4 hour(bearish). I will be waiting for
confirmation of either before I get into a trade (details below). Before we get into that I want to discus what could happen if the bearish
crossing on the 4 hour takes place. 1. We could see a test of the .85, or .83 support (yelllow dashed lines) 2. we could see a complete
breakdown of the cup and handle. Breaks downs like that have been occuring recently. I personally am leaning more towards the bullish side
as I believe the rest of the market is.
How I would trade this (will update if I take a position)
Entry: Break and confirmation of red box, retest of .8535 support with bullish TSI
SL: break below red box
TP1: .89
TP2: .90
TP3: .95
Hoping to see some more bullish action. Happy trading!
-- Spike Cap
Nota
In small positionNota
SEEMS TO BE RETESTINGNota
Couldnt hold we go again soon
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.