MATICUSD - looking for potential price movement
N Wave with E, V, N & NT projection and entry & exit strategy setup.
The price has recently broken above the Kumo signaling a potential bullish trend.
The Chikou Span is above the price, further confirming bullish momentum.
Immediate resistance: NT level at 2.54.
Support levels:
Entry 1: Fibonacci 0.5 level at 2.32.
Entry 2: Fibonacci 0.382 level at 2.21.
Stop-loss: Fibonacci 0.114 level at 1.97, which aligns with a prior swing low.
Kijun-sen and Tenkan-sen provide dynamic support.
The Senkou Span A and B (Kumo edges) indicate an upward trend after a bullish breakout.
Monitor the NT level (2.54). A breakout above it with volume confirmation could accelerate the price toward the first target (N at 3.13).
Consolidation near NT without a breakdown may offer a better risk-to-reward ratio for entering long positions.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
The price has recently broken above the Kumo signaling a potential bullish trend.
The Chikou Span is above the price, further confirming bullish momentum.
Immediate resistance: NT level at 2.54.
Support levels:
Entry 1: Fibonacci 0.5 level at 2.32.
Entry 2: Fibonacci 0.382 level at 2.21.
Stop-loss: Fibonacci 0.114 level at 1.97, which aligns with a prior swing low.
Kijun-sen and Tenkan-sen provide dynamic support.
The Senkou Span A and B (Kumo edges) indicate an upward trend after a bullish breakout.
Monitor the NT level (2.54). A breakout above it with volume confirmation could accelerate the price toward the first target (N at 3.13).
Consolidation near NT without a breakdown may offer a better risk-to-reward ratio for entering long positions.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
עסקה סגורה: היעד הושג
Reached target (V)
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.