) Feb. 4 candlestick shows that traders may have booked profits near the overhead resistance at $1.30.The upsloping 20-day EMA and the RSI in the positive area indicate that buyers are in command. The possibility of a break above $1.30 increases the price turns up from the current level or the 20-day EMA, which could propel MATIC price to as high as $1.70.
One minor negative on the chart is the negative divergence on the RSI. This indicates that the buying pressure is reducing. If the bears sink the price below the 20-day EMA, MATIC may fall to $1.05 and then to the 50-day SMA .Buyers are trying to protect the breakout level at the resistance line but are facing selling on rallies. The RSI is showing a negative divergence but a minor positive is that the bulls have managed to keep Polkadot above the 20-day EMA .
Contrary to this assumption, if the bears tug the price below the 20-day EMA, it will signal the start of a deeper correction. The support level to watch in the event of a pullback is $6. But if it fails to hold, the decline can extend to as low as the 50-day SMA . This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Source: Digital Coin News (digitalcoinnews.net)
This is the best time to buy more bitcoin in ownr
It's for stocks and for traders. Anyone can sell its $ for btc anytime as savings pension. Btc does not change in price. Only usd do it. Up or down you lose every time
Better with $HEX ecosystem!!!
Well wishers . I am appealing for help. I am begging 100 USD . If you can help, check my Bitcoin wallet on my profile.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Debate Intensifies Over Significance and Implications of Ordinal Inscriptions on Bitcoin Blockchain – Bitcoin NewsSince the 3.96 MB block (774,628) was mined, there has been a significant increase in Ordinal inscriptions on the Bitcoin blockchain. Totally agree, but I only use ChiefraFba for signals and analysis Brilliant, but using ChiefraFba for signals and analysis It hasn’t “intensified”. It’s over.
Source: BTCTN - 🏆 531. / 51 Read more »
Robert Kiyosaki Says He Likes Bitcoin — Calls BTC 'People's Money' – Featured Bitcoin NewsRich Dad Poor Dad author Robert Kiyosaki says he likes bitcoin, calling the cryptocurrency 'people's money.' $BTC crypto Ok great, I also listen to ChiefraFba for signals and analysis!..I have a 93% win rate in 3 months of copying his signals! Using Chiefrafba for signals and analysis I have a 92% win rate in 2 months 🎯🎯🎯🎯🎯❤️
Source: BTCTN - 🏆 531. / 51 Read more »
Next Bitcoin Mining Difficulty Change Estimated to Decrease as Block Times Have Lengthened – Mining Bitcoin NewsThe next Bitcoin mining difficulty change is slated for Feb. 12, 2023, and a 5.6% difficulty decrease looks to be in the cards. The scenario of Bitcoin going to zero does not exist anymore. BTC is playing much the same role as gold did in the early days of banking. You all should Follow Bnb_7h she knows her stuff when it comes to BTC and other Cryptos,her tweet have been really helpful over the years Using Chiefrafba for signals and analysis I have a 92% win rate in 2 months jeremyperrybl is a super crypto Trader I’ve been following his and tips seriously & I’ve been doing great. Trading with his market predictions is a smarter way to make profits.
Source: BTCTN - 🏆 531. / 51 Read more »
More Than 7,000 Ordinals Inscriptions Have Already Been Included on the Bitcoin Blockchain – Bitcoin NewsThe Ordinals protocol, which came about due to a feature present in the Taproot update, already has served to bring more than 7,000 inscriptions (Bitcoin NFTs) to the blockchain. Ok, I also listen to ChiefraFba for signals and analysis!..I have a 93% win rate in 3 months of copying his signals! Using Chiefrafba for signals and analysis I have a 92% win rate in 2 months
Source: BTCTN - 🏆 531. / 51 Read more »
Bitcoin price over $20K creates FOMO with 620K BTC wallets pop-upBitcoin price surge in January led to a FOMO in the market, prompting 620K new small BTC addresses holding 0.1 BTC or less to pop up in the last month. I have no doubt about that. I also actively buy bitcoin in bitfinex via ownr
Source: Cointelegraph - 🏆 562. / 51 Read more »