Long
Could MATICUSDT Be on the Verge of a Major Bullish Breakout?
Yello, Paradisers! Are we about to witness a powerful move in MATICUSDT?
💎MATICUSDT has recently formed a classic Cup & Handle pattern, a bullish signal that can't be ignored. What's even more intriguing is that this pattern has developed within a Higher Time Frame (HTF) demand zone, significantly increasing the likelihood of a strong upward move. 📈
💎However, as seasoned traders know, confirmation is key. For this Cup & Handle pattern to be validated, we need to see a breakout followed by a candle close above the resistance zone. This will pave the way for us to target the next resistance levels confidently.
💎But what if the market pulls back? In that scenario, we could see the formation of a potential double bottom pattern within the bullish Order Block (OB) on a lower timeframe. Keep an eye out for an I-CHoCH (Internal Change of Character) as further confirmation.
💎On the flip side, if we see a breakdown with a candle closing below the bullish OB, this would invalidate our bullish setup, signaling that it's time to reconsider our strategy.
Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
💎MATICUSDT has recently formed a classic Cup & Handle pattern, a bullish signal that can't be ignored. What's even more intriguing is that this pattern has developed within a Higher Time Frame (HTF) demand zone, significantly increasing the likelihood of a strong upward move. 📈
💎However, as seasoned traders know, confirmation is key. For this Cup & Handle pattern to be validated, we need to see a breakout followed by a candle close above the resistance zone. This will pave the way for us to target the next resistance levels confidently.
💎But what if the market pulls back? In that scenario, we could see the formation of a potential double bottom pattern within the bullish Order Block (OB) on a lower timeframe. Keep an eye out for an I-CHoCH (Internal Change of Character) as further confirmation.
💎On the flip side, if we see a breakdown with a candle closing below the bullish OB, this would invalidate our bullish setup, signaling that it's time to reconsider our strategy.
Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
Note
Just as predicted, #MATIC's up a smooth 27.87%!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.