Polygon (MATIC) - October 20
Updated
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(MATICUSD 1W Chart) - Mid-Long-Term Perspective
Above 0.681-0.743 section: It is expected to create a new wave.
(1D chart)
Resistance range: 1.634-1.837
First support section: near point 1.227
Second support section: 0.618-0.821
If the price holds above the 1.443 point, I would expect the resistance zone to move higher.
Volatility around Oct 23 - Nov 7 (Oct 22 - Nov 8) should see if the price can sustain above the downtrend line.
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(MATICBTC 1W Chart) - Mid-Long-Term Perspective
1259 Satoshi - 1422 Satoshi or more: Expected to create a new wave.
(1D chart)
First resistance section: 2882 near Satoshi point
Second resistance section: 3823 Satoshi-4293 Satoshi section
Support section: 1471 Satoshi-1941 Satoshi section
I need to see if I can keep the price above the 2312 Satoshi branch.
If the decline is from the 2312 Satoshi point, you should touch the support zone or uptrend line (1) and see if there is a sharp rise.
If not, there is a possibility of further declines, so trade cautiously.
If it does not fall below the downtrend line, it is expected to turn into an uptrend.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(MATICUSD 1W Chart) - Mid-Long-Term Perspective
Above 0.681-0.743 section: It is expected to create a new wave.
(1D chart)
Resistance range: 1.634-1.837
First support section: near point 1.227
Second support section: 0.618-0.821
If the price holds above the 1.443 point, I would expect the resistance zone to move higher.
Volatility around Oct 23 - Nov 7 (Oct 22 - Nov 8) should see if the price can sustain above the downtrend line.
------------------------------------------
(MATICBTC 1W Chart) - Mid-Long-Term Perspective
1259 Satoshi - 1422 Satoshi or more: Expected to create a new wave.
(1D chart)
First resistance section: 2882 near Satoshi point
Second resistance section: 3823 Satoshi-4293 Satoshi section
Support section: 1471 Satoshi-1941 Satoshi section
I need to see if I can keep the price above the 2312 Satoshi branch.
If the decline is from the 2312 Satoshi point, you should touch the support zone or uptrend line (1) and see if there is a sharp rise.
If not, there is a possibility of further declines, so trade cautiously.
If it does not fall below the downtrend line, it is expected to turn into an uptrend.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
Note
(MATICUSDT 1D chart)
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