MATIC/USDT Analysis: Key Resistance but Higher Low Formation ?
MATIC/USDT faces a notable resistance area within the range of 0.7000 - 0.7100. Traders should closely monitor price action around this zone, as it represents a crucial level that could influence the future price direction.
Based on our technical analysis, a correction in price is anticipated for MATIC/USDT. Traders should consider potential levels within the range of 6300-6400 as an expected target for this correction.
A positive aspect to note is the formation of higher lows in MATIC/USDT. Higher lows suggest that buying interest is gradually increasing, indicating potential strength in the underlying trend.
This pattern of higher lows can serve as a technical signal for traders, potentially confirming the sustainability of the upward trend.
In conclusion, MATIC/USDT encounters a critical resistance area between 0.7000 - 0.7100, which requires careful attention. Traders should prepare for a projected correction with potential targets within the range of 0.6300 - 0.6400. Additionally, the formation of higher lows indicates underlying strength in the trend.
Cyrptocurrency
DATAUSDT is ready for pumpBuy at a given scale. 25% pump may chance.
Targets depend on BTC movement, Never forget that the Crypto market will change according to the BTC. SL must but for Spot not required if you want to buy in Dips.
Note: I'm not a financial advisor. This analysis is for an Idea and a view. Crypto is the biggest profitable trading business, and without stop loss and emotional control, no one cannot win in this game.
If you like my analysis please encourage me with your likes and comments, send me a message for the analysis of any coin, I can guide you.
When to Invest and how to invest in cyrpto ?First why should i buy crypto ?
1.All the global markets are falling
2.where can i invest my money with good returns?
If you have these questions then continue reading.
Understand the market pyscology. Money from mutual funds and Financial Institutions doesn't go away from market.They are just rotating their money from one sector to another sector.
Stocks markets have different sectors.
1.pharma
2.It
3.FMCG
4.metal
5.etc..(pls add in the comment sections the sectors i missed)
After covid the market started to raise to the maximum.so all the financial institutions pumped into the sector one by one.First pharma got boomed,next it and FMCG sectors and finally metal.So one by one they rotated the money and made profits and got out.Now all the sectors have boomed to the maximum
Now what they do they need to take them out.
Institutions need to invest at the lower rate.
So cyrpto made to fall.FII/DII they are bringing CYRPTO down.Once they come to the range i mentioned they will start accruing.Because now the FII/DII Are selling their stocks so they need some place to invest. which is one only crypto.If you dont believe wait and watch.So much calls that i gave got worked.check out my past calls.
I have given the buying range For cyrpto in the chart
Tips:
1.Dont buy in bulk at single price say 38.
2.Just accumulating little by little.
100 Quantity @ 37
100 Quantity@ 30
like that.
3.Once it got reversed hold it tight.
ETHUSD : Looking for great buying opportunity!ETHUSD is looking for great buying opportunity after having 60% correction & has the high chance to make some heavy chunks of profit for the next coming month. & formed descending channel on 4h & has reached at the bottom for the continuation to the upside!
BTCUSD : Last opportunity to go for long, before reaching $86kBTCUSD is looking for great buying opportunity after forming consolidation for 78 days & has the high probability to make a move to the upside & has formed descending channel on 4h timeframe along with weekly RSI is at 63. It's now or never.