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Greetings SteemitCryptoAcademy community this is my fourth entry to the S6 T2 trade I am in the Team Frontline group with teachers @shemul21 and @abdu.navi03 I will be demonstrating my knowledge acquired in the community so I will try to trade in a short time frame to make the video more interactive and productive.
MATIC/USDT:
It is a project of the blockchain that was born with the need to improve the scalability that have other cryptocurrencies in addition to improving the gas per transaction that as if it were not enough ETH way extremely high rates compared to Bitcoin and other currencies ie Matic was created with the purpose of providing us with comfort security and thus avoid double spending of the ETH network.
It was created by developers Jaynti Kanani, Sandeep Nailwal and Anurag Arjun in the year 2017 which created in the polygon network a blockchain, the blockchain technology used without a doubt is a revolution in today's decentralized ecosystem.
Matic was born from the poligon network and is created as a use of gas payment in other networks. in the passing of time in these 5 years its developers have expanded the use of the token thus solving other problems that other networks still do not solve as the problem of scalability and high costs of gas.
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Technical analysis Matic/USDT:
Performing a technical analysis in 5min for short trades or scalping we see a market where its downtrend is coming to an end where we see the ichimoku cloud as our nearest and most important resistance the in stoch indicator we see how there is an overbought but the RSI does not confirm it to me but if this in a moderate high position, the ADX tells me that the strength in the downtrend is running out just when the moving averages give me the crossover of change of trend from bearish to bullish.
I still have to wait for my entry point which in my strategy has not given it to me for long. but if it is for short it will probably turn back to the average to then try to break the ichumoku cloud and be able to follow its uptrend in the next few minutes or hours.
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Transaccion con dinero real Matic/USDT
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Using a technique by reading the patterns I quickly identified a shark fin pattern which I traded in 5min on the MATIC/USDT pair was simply trading the bounce that exists in a downtrend as the ichimoku nuve is above the price of the asset this means that it acts as a resistance. the 20EMA moving average EMA is above the 9EMA moving average which tells me that its trend is totally bearish the death cross patterns above tells me the exact moment when the downtrend started in the 5min time frame.
Therefore I have a strength in range that then begins to increase immediately after a rebound the indicator "Stoch" tells me the oversold and the RSI tells me the time of entry is precisely when I leave the range of 30 and then returns and touches again the range of 30 in the RSI that tells me the exact time of purchase or entry point in long, what I do quickly is to implement a strategy called scalping operation and I go with a risk management 1: 1 which works in my favor when the trade is completed here below I leave you the video so you can visualize it in more detail.
Buy 7.4Matic FOR 11.06 USDT = Matic 1.49USDT
Sell 7.4Matic FOR 11.10 USDT = Matic 1.50USDT
TOTAL PROFIT= +0.04USDT
Video:
As you know I have a youtube channel that deals with Crypto assets NFT token and information about various cryptocurrencies can access my channel through the following link
https://www.youtube.com/channel/UCfTYRrTAxrwc3eSizLhX3aQ
Why am I optimistic about this token today?
I like matic because of the convenience it has in making transactions in such a short time i.e. it makes 60,000 transactions per second and can validate a block in 2 seconds which is equivalent to 120,000 transactions each time it validates a block and its time is very short, compared to ethereum its gas is extremely low so it is an extremely useful project and as the years go by it will become one of the very strong projects I certainly want it on my white list to holdear for the next few years.
Matic/USDT 1D chart
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My plan to hold Matic long or sell and whether or not I recommend to buy:
My plan to hold Matic long currently I would like to hold Matic in my wallet and leave it for long term as they are in buy positions on the daily buy positions. something very important to know plus we can identify a very important high volume support just where it is currently I see it can move up to important high volume resistance in a not so long time span i.e. mid about 3 months apart from the making of this video.
I recommend Accumulate Matic yes but this is not an investment tip Matic is a project with obvious growth potential which makes matic a very coveted coin as far as cryptos go it is ranked #16 on coinmarkerkercap raking and with $11,486,727,698.62 in its market cap.
Polygon Supply
Circulating Supply 7,596,750,961 MATIC
Total Supply 10,000,000,000,000 MATIC
Max Supply 10,000,000,000,000 MATIC
Conclusion:
Matic no doubt is a very coveted token the network both to mint NFT buy and sell as to make transactions at very low cost no doubt matic will be in the future an innovative project that we can not only exchange coins down price if not also maintain a stable scalability, in addition to its great security it offers and its speed in terms of transactions 60. 000 per second. it is very easy to perform technical analysis in this currency and you can also easily trade or trade on its platform. I liked it enough to accumulate more than everything because it is at very affordable prices to keep the token at this time is time to buy to keep a not too distant future.
Thank you very much for your attention
Cc:
by: @laser145