@CryptoEd0
Bitcoin Cash&Ethereum&Bitcoin&Matic Analysis/14.02.22-Right perspective **The posts on this page are not investment advice .I am not a financial advisor. Just sharing my thoughts.** Hello everyone! My motto is Keep things simple. Follow the Trendlines, not the Headlines. I will try to show you what I see.We will look at many altcoin analyzes. Today, *We will examine 4 charts.* *Firstly,* remember the market is uneasy right now, we have to be ready for the downturns.Fed statement scares investors.Let's continue to study our charts but we have to consider the bad possibilities. **Let's start with Bitcoin Cash (We all love this don't we :)** Market Cap **6,364,770,955$** Currently Price **$335.30** **(**https://coinmarketcap.com/currencies/bitcoin-cash/)
How did our gray zone work , you decide please :) I showed this area yesterday. Level 328 is now working to get us up.The orange zone might push us a bit.The resistance level, I wrote on the left side as the s/r flip zone in my previous article has now turned into a support level. S/R Flips: Firstly S/R stands **for Support/Resistance**, the idea behind the flip is that this method of setup is confirmed when price reclaims a level that was previously lost, then uses that now taken level as new support or resistance. **Next is Bitcoin** **Market Cap** 803,180,847,903$ **Currently Price** 42,367.92$ **(**https://coinmarketcap.com/currencies/bitcoin/)
How our support zones work my friends :)Purple support zone still does its job great..I don't want to say too much, let's stick to our plan.We're fine as long as we don't fall below the purple line.We have to cross that 42,800, then we can get a response from 43,900.Unless the bad news comes...This is important. **Next is MATIC(**Polygon) Market Cap **12,516,649,004$** Currently Price **$1.67** **(**https://coinmarketcap.com/currencies/polygon/)
Watch out for the blue support line coming from the bottom, this is testing the zone for the 3rd time.We have to stay above the gray support zone.If bitcoin breaks out nicely, and we stay above the 1,750 zone,the rise can be very quicly. Please attention the structure I circled :) how well it worked ?I can explain this later. **Next is Ethereum** **Market Cap** **346,893,778,936$** **Currently Price** **2,878.06$** **(**https://coinmarketcap.com/currencies/ethereum/)
I want to show you how Fibonacci is a wonderful thing..You can see very clearly how each level works, I have colored it for you.Fibonacci, known as the golden ratio, seems to be returning from the (0.618 level).So point c. If you want to rise, we need to go above 3000 level.Frankly, the market is very unstable right now. We need to be careful.Our levels are clear, I'll keep sticking to the plan. Btw I'm thinking of increasing the analysis of altcoins day by day. Those were my market comments today, thank you for reading. See you again soon. I will be here after this. **Respects.**
10 comments
My dear friend, you are absolutely right that the market is unstable, it is impossible to predict whether it wants to go up or down. I'm praying to go up. Fibonacci is really great at determining the level of resistance and support. Thank you for the good and useful information... 🙏
As I said to my friend above, the fed is scaring the market, when the Ukraine-Russia tension comes on top, the market is very unstable right now. Fibonacci is my love :) thank you for comment my friendd It's good to see you here
Was the matic is in danger zone? I don't understand it😅 would it fall ?
The price lingered a lot here, it looks like it's going to explode, if we can go up after the fed statement, then the journey to space will start together 1-2 months, but if we continue down after the explanation, I don't even want to talk about it :D
*I am always reading your articles but i still can't Understand how to read a chart*🥺
I learned in a long time, unfortunately it does not happen all at once. :) I try to explain as descriptively as possible for you. In time you'll start to understand, it won't take long :)
*Yeah, thanks for understanding me. Reading charts is really new to me. I really wanted to know about it so I could know what happens to the market.*
You will get better with time and I will be here every day to help you. :)
*Thank you so much. Hope to learn something from your articles everyday*
thank youuu :) of course