Title says it all. The crypto ichi cloud could be key resistance but shows a flip coming by the 19th/20th.
Crypto cloud settings 20, 60, 120, 30
Notice the rejection off the top of the cloud here this past candle.... but cloud is converging and there’s strong hourly cloud support
Looking at the daily its clear that volume is depressed vs. the May run. There will be another spike in volume at some point in the next few weeks maybe 6 weeks... There's lots of news to help "tell the story" but we know the technicals have a direction in mind. Insiders already know if there is a delay in alpha/beta, or some big news to move the market. Question...
Matic broke the ascending triangle but on low volume and has come back down to the key .025 area to try and prove s/r.
Bullish indicators - retest of break out level and moving averages holding support with good posture. Also looks to have held some fib levels and the stoch is resetting
Bearish - rejected from .382 of prior ath/top. Volume down while price...
It looks like another similar channel is forming again to the upside. If it continues in this pattern we can hit new all time highs. I give $ 0.03 + a more than 50% chance to happen.
Bullish short term signals with slowly improving but volume and support from emas.
Bearish potential with resistance at .025 area and htf volume still being sluggish. Need a close above the resistance on improved hourly and 4 hour vol.
- Confirmed trend change on the 12H
- Created a new up fractal there, which if we'll brake we'll make higher high
- Alligator is hungry on 12h
- Zoomed in on the 4h; placed some buy orders above that high
- Initial stop below down fractal
Matic Network has just exited it’s downward trend. After a brief period of consolidation, it looks eager to go on another parabolic rise. Matic has recently broke through it’s upper resistance and volume is increasing. It also has solid upward indicators on both RSI and MACD. We may see some retracement but overall, indicators are, in my opinion, extremely bullish.
