Matic, about to show the world why it reigns supreme amongst L2s. Expecting explosive price action in the immediate future.
As always, it's important you educate yourself and dyor! This is purely a speculative personal analysis.
Matic, breaking out of the triangle structure established by the last few months worth of price action. Seeing an accumulation and bullish flag having formed over the last weeks worth of price action.
Matic has also just flipped bullish on the MACD for both the BTC and Eth pairs. Adding to the weight of the incoming move.
RSI - We're seeing the RSI bouncing around and ranging within the 58-60's range. Expecting another bullish move here.
Supertrend - Bullish on the SuperTrend indicator. We've been witnessing consistent daily closes above the last line of SuperTrend resistance points. Adding to the overall confluence.
OBV - A bullish ascending triangle has formed. We've been seeing an accumulation of on balance volume form elegantly within the triangle structure. With a rejection having previously occurred when attempting to break the triangle structure. We're now consistently testing the ceiling of the triangle formation for an upward breakout.
MACD - Bullish confluence on the MACD with daily momentum continuing to compound.
As always, it's important you educate yourself and dyor! This is purely a speculative personal analysis.
Matic, breaking out of the triangle structure established by the last few months worth of price action. Seeing an accumulation and bullish flag having formed over the last weeks worth of price action.
Matic has also just flipped bullish on the MACD for both the BTC and Eth pairs. Adding to the weight of the incoming move.
RSI - We're seeing the RSI bouncing around and ranging within the 58-60's range. Expecting another bullish move here.
Supertrend - Bullish on the SuperTrend indicator. We've been witnessing consistent daily closes above the last line of SuperTrend resistance points. Adding to the overall confluence.
OBV - A bullish ascending triangle has formed. We've been seeing an accumulation of on balance volume form elegantly within the triangle structure. With a rejection having previously occurred when attempting to break the triangle structure. We're now consistently testing the ceiling of the triangle formation for an upward breakout.
MACD - Bullish confluence on the MACD with daily momentum continuing to compound.
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