Pinance Lansmanı

MATIC price prediction: Altcoin is poised for a 20% move! The price of Polygon (MATIC) is trading in a range of $0.73 to $0.96 (red arrow) after being rejected by long-term resistance in early November 2023. During the week of January 22-28, 2024, the altcoin bounced off the support of the range. An upward pin bar candle (green arrow) at this support level has formed. This indicates strong buying pressure. The weekly RSI (Relative Strength Index) has consistently stayed above the 50 level for the past few weeks. This suggests that the advantage is still with the bulls. Therefore, MATIC price is likely to rise to the resistance level of the range in the near future. This corresponds to a potential increase of 21.25% from the current price. #HotTopicDiscussion

ARB price prediction: Altcoin could increase by around 30% in the near future The price of Arbitrum (ARB) broke above the important resistance zone of $1.7. Thus, it reached an all-time high of $2.43 in the first week of 2024. Following the initial decline, the price successfully confirmed the $1.7 zone as support in the previous week (blue arrow). Also, it formed a bullish pin bar candlestick. This move suggests that the bulls see the decline to the previous breakout level as a buying opportunity. Also, this is often a sign that the uptrend is leading to a continuation. Meanwhile, the weekly RSI indicator is bullish and above 50. This points to an advantage for the bulls. If so, ARB price could rise again to an all-time high of $2.43. This target corresponds to an increase of 28.90% from the current price. #BountyCreator #ContentStar #HotTopicDiscussion

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Gold- at important junctureSHORT XauUsd has entered the sell zone indicated in the morning. A drop from here back under 2415 would confirm that a new leg down could be next. After closing the day with a strong Pin Bar, XauUsd continued down and also broke under 2390 zone support. The next target for bears could be, as I previously said, the 2350 zone. Sell rallies should remain the strategy Yesterday, XauUsd dropped exactly from my sell zone and, after leaving a nice Pin Bar on our daily chart, continued down in the Asian Session, breaking also under 2390 zone support. This type of price action has strongly bearish implications and I expect further down moves. Trades should watch the broken level for rates and look for signs of weakness （Source from: TV-Mihai_Iacob）

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