Latest / The Paul Barron Crypto Show / Altcoin Technical Analysis🚀 with @TheTradingParrot

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Altcoin Technical Analysis🚀 with @TheTradingParrot · The Paul Barron Crypto Show

• 0:07
  Speaker 1: Today we're going to take a deep dive into some
• 0:09
  Speaker 1: trading and we're going to take a look at a bitcoin,
• 0:12
  Speaker 1: ethereum and a handful of all coins. You guys don't
• 0:14
  Speaker 1: want to miss it. We have a special trader for you.
• 0:16
  Speaker 1: My name is Paul Baron, Welcome back into tech Path.
• 0:18
  Speaker 1: I want to thank our sponsor today and that is Tangum,
• 0:21
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  Speaker 1: You have that extra backup, so start your self custody
• 0:47
  Speaker 1: journey now. Hey listen, we had this trader on about.
• 0:51
  Speaker 2: A week or two weeks ago.
• 0:52
  Speaker 1: Everybody liked it, so I thought let's bring it back.
• 0:55
  Speaker 1: So Mariano from the Trading Parrot. If you haven't checked
• 0:57
  Speaker 1: out his YouTube channel, go.
• 0:59
  Speaker 2: Over there check it out.
• 1:00
  Speaker 1: He does a good job on breaking down some things,
• 1:03
  Speaker 1: and I want to welcome him into the show today.
• 1:05
  Speaker 2: How's it going, Mariano, I'm very good.
• 1:08
  Speaker 3: Thanks for having me, Puls.
• 1:09
  Speaker 2: Yeah, so we.
• 1:10
  Speaker 1: Had some good times on a variety of tokens the
• 1:13
  Speaker 1: last time you and I had a chance to talk,
• 1:16
  Speaker 1: some of which actually did fairly well. So the trade
• 1:18
  Speaker 1: calls were pretty good. I want to go into a
• 1:21
  Speaker 1: couple of notes real quick. Bitcoin. Of course, after the
• 1:25
  Speaker 1: Bitcoin conference, we also saw a little bit of Gray
• 1:27
  Speaker 1: Scales minime Trust launching today with one point seven billion
• 1:32
  Speaker 1: in kind of a low fee here, so we may
• 1:36
  Speaker 1: see more inflows coming for bitcoin. When you look at
• 1:39
  Speaker 1: bitcoin right now, Mariano, what is your current position on bitcoin?
• 1:43
  Speaker 1: Is this a position where you think we're going to
• 1:45
  Speaker 1: see an uptrend or is this potentially going further down?
• 1:51
  Speaker 3: Let me share my screen for that. So I'm gonna
• 1:54
  Speaker 3: do a little bit of our recap. I think the
• 1:56
  Speaker 3: last time I was in the channel was on the
• 1:58
  Speaker 3: tenth of July. I believe we were somewhere around this
• 2:02
  Speaker 3: stop in here and we were talking about the formation
• 2:05
  Speaker 3: of this typical megaphone pattern that we usually see at
• 2:09
  Speaker 3: this time in the market. This green line that you
• 2:11
  Speaker 3: see is vertical. Here is the healthing, and typically at
• 2:17
  Speaker 3: these point in the time in the market, that is
• 2:20
  Speaker 3: the pattern most commonly seen, sometimes a little bit after,
• 2:24
  Speaker 3: sometimes within the healthing, and sometimes before the health In
• 2:28
  Speaker 3: this case is right on time with the helping if
• 2:31
  Speaker 3: you can see there. And what I've been looking for
• 2:34
  Speaker 3: is for the potential for a breakout from the top
• 2:38
  Speaker 3: of the megaphone pattern in a similar way that we
• 2:41
  Speaker 3: have done in the past. So it's a matter not
• 2:44
  Speaker 3: of whether we're going to break out. There's high chances
• 2:47
  Speaker 3: of a breakout, but the question I'm right now trying
• 2:50
  Speaker 3: to answer, and as I see the price action, I
• 2:52
  Speaker 3: start getting more confident now, But potentially we need to
• 2:56
  Speaker 3: still pay attention with anything that could fail. Here. So far,
• 3:01
  Speaker 3: it seems like we're going for the plan A, which
• 3:04
  Speaker 3: is this white arrow that you see there. We touch
• 3:07
  Speaker 3: the top for a third time and we're coming back
• 3:10
  Speaker 3: into the bullmarket support band consisting in the twenty one
• 3:14
  Speaker 3: weekly simple moving average in the EMA as well, and
• 3:18
  Speaker 3: we seem to be bouncing on top of this. So
• 3:21
  Speaker 3: this is giving me not the one hundred percent confidence
• 3:24
  Speaker 3: of obviously this is a trade and you know, as
• 3:27
  Speaker 3: a trader, I always use risk management, but so far
• 3:31
  Speaker 3: it's looking good for a second attempt to try to
• 3:35
  Speaker 3: hit the seventy K that if we do it again,
• 3:37
  Speaker 3: it's going to be slightly lower. It's going to be
• 3:39
  Speaker 3: a sixty nine K. So if we break the sixty
• 3:41
  Speaker 3: nine K and we get above it, where positively to
• 3:46
  Speaker 3: ignite a short squeeze at the heighs that we are
• 3:49
  Speaker 3: seeing here. The other thing that has me really excited
• 3:53
  Speaker 3: is to see that so far on the on the
• 3:58
  Speaker 3: four hour time frame, we haven't broken the structure, so
• 4:01
  Speaker 3: we keep seeing higher highs and higher lows. And even
• 4:05
  Speaker 3: with the latest replacement that we saw right after the
• 4:09
  Speaker 3: speech of Trump, with this sell off, it's still not
• 4:13
  Speaker 3: as big as people are trying to exaggerate because I
• 4:16
  Speaker 3: still see it holding on a higher low. So until
• 4:20
  Speaker 3: the point I don't see a break below sixty four
• 4:23
  Speaker 3: sixty three K, I will still be with the hope
• 4:28
  Speaker 3: looking at this pattern for that potential plan A. If
• 4:32
  Speaker 3: we were later in the week to sell off for
• 4:36
  Speaker 3: some reason, then we could potentially come below the bullmarket
• 4:41
  Speaker 3: support band at sixty two, and then potentially we will
• 4:45
  Speaker 3: have to start looking into Plan B and some of
• 4:48
  Speaker 3: the reasons I could see that happening. I got two
• 4:53
  Speaker 3: strong reasons counter contradicting the potential for the upside. First,
• 4:58
  Speaker 3: we have this CME large gap here at the low sixties,
• 5:02
  Speaker 3: and we know that cemi gaps tend to get filled.
• 5:06
  Speaker 3: For example, the last two that we have here, one
• 5:09
  Speaker 3: there and one there gat filled pretty quickly just in
• 5:11
  Speaker 3: a couple of days, but we had this one pending there.
• 5:14
  Speaker 3: And the second thing that is concerning me is the
• 5:18
  Speaker 3: ratio of the posits of large holders into exchanges right now.
• 5:23
  Speaker 3: And we could argue and have a long conversation of
• 5:25
  Speaker 3: where are they coming from? We have empty gogs. We
• 5:28
  Speaker 3: have now the government of us and the problem is
• 5:32
  Speaker 3: getting into a ratio of two. So for each the posit,
• 5:37
  Speaker 3: for each withdraw out, there's two deposits, and that ratio
• 5:41
  Speaker 3: is very similar to the one we have at the
• 5:44
  Speaker 3: top seventy three point five. So that is a little
• 5:47
  Speaker 3: bit concerning. But until we don't see the structure broken
• 5:53
  Speaker 3: in here, I trust the TA more than anything else.
• 5:57
  Speaker 1: Okay, well, like the the position because I think it's
• 6:02
  Speaker 1: high conviction in terms of where the market is and
• 6:06
  Speaker 1: could be going, especially around bitcoin. That being the case,
• 6:09
  Speaker 1: you look at bitcoin trading against ethereum.
• 6:11
  Speaker 2: A couple of things have happened.
• 6:12
  Speaker 1: Black Rock now had more inflows on ether than Bitcoin,
• 6:17
  Speaker 1: the ironic, but this is something that could really start
• 6:22
  Speaker 1: to initiate some movement on ethereum. Do you like ethereum
• 6:26
  Speaker 1: in its current position or do you feel like it's
• 6:29
  Speaker 1: set for a breakout?
• 6:31
  Speaker 3: In practice with etherium, I have a quite large position
• 6:35
  Speaker 3: relative to how much I have of bitcoin at the moment,
• 6:38
  Speaker 3: and the reason for that is that at the beginning
• 6:41
  Speaker 3: of the year I saw a breakout of the etherium
• 6:44
  Speaker 3: BTC pairer on the weekly. Since then we have managed
• 6:48
  Speaker 3: to hold the breakout and start to form a channel
• 6:52
  Speaker 3: to the upsite. I have drawn this just to give
• 6:54
  Speaker 3: an idea of what I'm expecting to see whenever we
• 6:58
  Speaker 3: see the momentum shifting in one direction and we continue
• 7:02
  Speaker 3: to see the price action going in the opposite direction.
• 7:06
  Speaker 3: That's technically divergences. In this case, they're bullish divergences that
• 7:11
  Speaker 3: are consecutive on the weekly time frame. And one of
• 7:15
  Speaker 3: the things that we saw last week was this retest
• 7:18
  Speaker 3: at an arisi of forty, which perfectly matches with our
• 7:22
  Speaker 3: low trend line, so this is poised for potentially push
• 7:26
  Speaker 3: explosive to the upside. We can see similar effect that
• 7:31
  Speaker 3: happened in the previous book market around here. So I'm
• 7:36
  Speaker 3: quite excited about ethidium, and I'm taking it easy with patients.
• 7:40
  Speaker 3: I know a lot of people are kind of flipping
• 7:43
  Speaker 3: into Solana at the moment, but I'm steady there with
• 7:48
  Speaker 3: strong hands on etherium.
• 7:49
  Speaker 1: Just by this Armarha, So I like your play on ethereum.
• 7:53
  Speaker 1: I do look at this a lot of people being
• 7:55
  Speaker 1: a little bit more, you know, not very patient, always
• 8:01
  Speaker 1: looking at a theory going to the next level. But hey, listen,
• 8:03
  Speaker 1: these are digital assets, so you have to kind of
• 8:05
  Speaker 1: consider that. One thing you can be a patient about,
• 8:08
  Speaker 1: and that is the movement that the SEC is making
• 8:11
  Speaker 1: right now. The SEC and many of you guys know
• 8:14
  Speaker 1: about to claim on ten tokens that were during the
• 8:16
  Speaker 1: finance suit that's been dropped, and the SEC has kind
• 8:19
  Speaker 1: of said, hey, we're out on this and many of
• 8:21
  Speaker 1: those most likely we'll see a relisting. XRP is the
• 8:24
  Speaker 1: one I want to focus on. It's been moving very significantly.
• 8:29
  Speaker 1: When you look at XRP right now, what does your
• 8:33
  Speaker 1: chart show for XRP, especially over the maybe on the
• 8:36
  Speaker 1: near future and then possibly long term.
• 8:38
  Speaker 3: On XRP is quite interesting. We have an explosive now
• 8:42
  Speaker 3: move recently. This was around the ninth of July that
• 8:46
  Speaker 3: we have this explosive move. We made it to an
• 8:49
  Speaker 3: of seventy eight. That's pretty high. But since we got there,
• 8:54
  Speaker 3: I started giving a word question in my Twitter, started
• 8:58
  Speaker 3: saying that there's just too many lungs. This tends to
• 9:01
  Speaker 3: happen quite often with XRP that we see if this
• 9:04
  Speaker 3: moves to the top of the ranch, too many lungs
• 9:07
  Speaker 3: and they tend to get wrecked constantly. We know how
• 9:11
  Speaker 3: long XRP has been going sideways. It seems like it's
• 9:14
  Speaker 3: been around the zero five, zero four, zero six, constantly
• 9:17
  Speaker 3: going up and down, and at zero sixty two ico
• 9:21
  Speaker 3: up for a local top there. And what I'm seeing
• 9:25
  Speaker 3: here is that we build a bullish flag and we
• 9:28
  Speaker 3: are having a second breakout to the upside from the
• 9:32
  Speaker 3: top of the ranch. But I have still some words
• 9:35
  Speaker 3: of concern in here. First of all, the RISI has
• 9:39
  Speaker 3: broken down and it's starting to print lower highs, so
• 9:43
  Speaker 3: those are very divergences on the daily I'm not worried
• 9:46
  Speaker 3: about necessarily the future of XRP. I'm just worried for
• 9:50
  Speaker 3: the short term. This is a daily chart and the
• 9:53
  Speaker 3: fact that we have just the top range of lungs
• 9:57
  Speaker 3: currently in positions speculating for another explosive move, and I
• 10:02
  Speaker 3: typically as a swing trader, I prefer not to enter
• 10:07
  Speaker 3: with this level of risk. Particularly you begin also see
• 10:10
  Speaker 3: the cross feed ratio getting into the red. That typically
• 10:13
  Speaker 3: signifies that we are very close to another local top.
• 10:17
  Speaker 3: I'd rather I prefer to look for a healthy poveback
• 10:23
  Speaker 3: into an area of new consolidation. So, for example, when
• 10:26
  Speaker 3: we managed to get to zero sixty two, then we
• 10:30
  Speaker 3: started seeing the price of reacting very positively to this
• 10:35
  Speaker 3: area of support. That would have been a great entry
• 10:38
  Speaker 3: at zero fifty six. So what I'm looking for right
• 10:41
  Speaker 3: now is another replacement. Take some of these longs away
• 10:46
  Speaker 3: from the equation and then see that risk reduces and
• 10:51
  Speaker 3: then I could enter. Now looking at the weekly, it
• 10:54
  Speaker 3: looks impressive, right we have a breakout multiple weeks being
• 10:59
  Speaker 3: held by this trend line with an explosive move. So
• 11:03
  Speaker 3: for those of you that are not yet in a position,
• 11:06
  Speaker 3: what I will look for the weekly is to come
• 11:08
  Speaker 3: for a retest of the breakout. Let me let me
• 11:11
  Speaker 3: show this a larger screen. So for example, if we
• 11:15
  Speaker 3: have the weekly breakout in here, I will wait for
• 11:19
  Speaker 3: the weekly to come back for a retest. On the
• 11:23
  Speaker 3: trend line of the weekly side, that is an RSI
• 11:26
  Speaker 3: of forty seven, And if we look for that in
• 11:30
  Speaker 3: the price with this tool called THESSI, then we can
• 11:35
  Speaker 3: see that that is located pretty much at zero fifty one.
• 11:41
  Speaker 3: So it will be still very healthy, considered very healthy
• 11:45
  Speaker 3: for the price to come back to zero fifty one
• 11:47
  Speaker 3: for a final retest and then continuation to the upside.
• 11:54
  Speaker 1: So one of the things that happening right now with
• 11:57
  Speaker 1: Repel this is a lead photo showing I don't know
• 11:59
  Speaker 1: if the is accurate, but it is showing an SEC
• 12:03
  Speaker 1: office meeting potential. And if you look at the schedule,
• 12:06
  Speaker 1: this is actually supposed to be happening on August first.
• 12:09
  Speaker 1: So if that closed meeting is a settlement with Ripple,
• 12:15
  Speaker 1: very possibly we could see just kind of an immediate
• 12:19
  Speaker 1: market response. I know that sometimes sentiment, you know, kind
• 12:22
  Speaker 1: of flushes out a lot of the trading analytics, especially
• 12:26
  Speaker 1: from a TA side, So that will be one to watch.
• 12:29
  Speaker 1: Other things that are kind of brewing right now are
• 12:32
  Speaker 1: projects like Avalanche. This was a tweet coming in from
• 12:35
  Speaker 1: Mark Cuban.
• 12:37
  Speaker 2: This is huge for crypto.
• 12:38
  Speaker 1: He's talking about people holding tokens will have an app
• 12:41
  Speaker 1: with the Avalanche whilet this is talking about California who
• 12:44
  Speaker 1: has basically went into their DMV and now you can
• 12:46
  Speaker 1: be able to get your automotive you know, documents available
• 12:50
  Speaker 1: on the Avalanche ecosystem. This is pretty big because it
• 12:53
  Speaker 1: could open up in a lot of states here in
• 12:55
  Speaker 1: the United States, securitize kind of verified this right here.
• 12:59
  Speaker 1: Can glad Congrats to our partners Abax on fixing a
• 13:02
  Speaker 1: real world problem. This is what we talk about here
• 13:04
  Speaker 1: on the channel all the time, and they're talking about
• 13:06
  Speaker 1: same things, solving real world problems. With that being the case,
• 13:10
  Speaker 1: you look at Avalanche today and where it's been trading
• 13:13
  Speaker 1: over the last really over the last several weeks, a
• 13:16
  Speaker 1: little bit on the sideway side of things, where do
• 13:18
  Speaker 1: you see AVAX going.
• 13:21
  Speaker 3: Well. Abax has been punished quite hard. I have to say.
• 13:25
  Speaker 3: Among all the other coins that we've been talking about recently,
• 13:28
  Speaker 3: like Bitcoin, Solana, x Orp, and Etherediom, probably Avax is
• 13:32
  Speaker 3: one of the ones most punished. And recently it must
• 13:36
  Speaker 3: have been really frustrating for traders because we have this
• 13:39
  Speaker 3: massive breakout in here from a range of twenty five
• 13:43
  Speaker 3: all the way to almost seventy, just to see it
• 13:47
  Speaker 3: faking out back inside the ranch and then losing the
• 13:50
  Speaker 3: support once again. So this is really painful. Probably I'm
• 13:54
  Speaker 3: a holder of ABAX as well. I'm just holding for
• 13:57
  Speaker 3: long term and I'm going to wait until we see
• 14:00
  Speaker 3: an actual bull market move. But at the moment, it's
• 14:07
  Speaker 3: at the low of the ranch. It's very it's getting
• 14:10
  Speaker 3: very close to the highs of the bear market. So
• 14:13
  Speaker 3: it's really really, really punished. It has seen a drawdown
• 14:17
  Speaker 3: of almost sixty six percent. That's that's quite high. So
• 14:21
  Speaker 3: I think at the moment, if we look at the
• 14:23
  Speaker 3: weekly on on the A bags, it's we need to
• 14:28
  Speaker 3: wait here to see what happens against this trend line
• 14:32
  Speaker 3: in here. Of course, if tomorrow we hear some other
• 14:36
  Speaker 3: good things. Sorry, I want to cut. I want to
• 14:39
  Speaker 3: cut that last bit, Okay. So I think at the
• 14:44
  Speaker 3: moment on the weekly, we are starting to put higher
• 14:47
  Speaker 3: lows and higher highs and approaching this resistance that we
• 14:51
  Speaker 3: see in here on the weekly. Just a fair comparison,
• 14:54
  Speaker 3: if we look at Solana on a similar chart, we
• 14:58
  Speaker 3: already see that it has broke out, for example, on
• 15:01
  Speaker 3: the weekly we see this effect there on even on
• 15:05
  Speaker 3: Bitcoin we see the breakout already happening and now a retist.
• 15:09
  Speaker 3: But on avas we are far away still from the
• 15:13
  Speaker 3: trend line, which means that we are early and if
• 15:16
  Speaker 3: they're good news for APEX, there's a lot of extra
• 15:18
  Speaker 3: room to go to the upside. But there's been plenty
• 15:22
  Speaker 3: of investors that as soon as there's something negative, they
• 15:26
  Speaker 3: are selling harder than the other assets that we are
• 15:29
  Speaker 3: talking about today.
• 15:30
  Speaker 1: Yeah, I think that has been one of the issues
• 15:33
  Speaker 1: with avalanches that there hasn't been a lot of consistency
• 15:38
  Speaker 1: in terms of the way that they're rolling out news
• 15:40
  Speaker 1: and information because as you know, the you know, crypto
• 15:43
  Speaker 1: investors really they really feature a lot of their trading
• 15:48
  Speaker 1: habits all around these news cycles, which has been you know,
• 15:51
  Speaker 1: we've seen it around Salona. Obviously, Ethereum has kind of
• 15:53
  Speaker 1: sucked up a lot of the wind just because of
• 15:56
  Speaker 1: what's been happening, you know, with the ETF.
• 15:58
  Speaker 2: So I'm still looking at there's.
• 16:00
  Speaker 1: A lot of movement right now though in the Solana ecosystem.
• 16:03
  Speaker 1: I'm just showing the DeFi Lama chart here on fees and.
• 16:06
  Speaker 2: Total value locked.
• 16:07
  Speaker 1: You can see a lot of movement again, but still
• 16:09
  Speaker 1: not completely near what we're looking in terms of fees,
• 16:13
  Speaker 1: and I'll kind of zoom in on this for you guys.
• 16:15
  Speaker 1: You can kind of see a little bit here. But
• 16:18
  Speaker 1: the point being is that the fees were actually back
• 16:20
  Speaker 1: here much higher than they are right now. So whether
• 16:25
  Speaker 1: or not we start to see this come back into
• 16:27
  Speaker 1: a position we could see Solana continued for another run
• 16:31
  Speaker 1: plus two hundred. What is your position right now with
• 16:34
  Speaker 1: Solana as it starts to move around in these high
• 16:37
  Speaker 1: one point seventy one eighty ranges.
• 16:40
  Speaker 3: Well, Solena has been doing an impressive move from the
• 16:44
  Speaker 3: bottom and it has held the lower ranch really nicely
• 16:49
  Speaker 3: compared to all the other coins. Most of the other
• 16:51
  Speaker 3: coins have broken below this ranch and put new laws,
• 16:55
  Speaker 3: whereas Solana just is fighting really strong to hold them.
• 17:00
  Speaker 3: And every time we get to hear we do another
• 17:02
  Speaker 3: push to the highs. But my perception is that these
• 17:06
  Speaker 3: highs are not getting broken. Just in anticipation of a
• 17:10
  Speaker 3: potential parish move of bitcoin, people are being cautious with
• 17:15
  Speaker 3: what's going on with bitcoin before they commit to get
• 17:19
  Speaker 3: into a new higher ranch for Solana, and today, for example,
• 17:23
  Speaker 3: with bitcoin going below around sixty five k, that is
• 17:29
  Speaker 3: causing people to sell at this top. So what I
• 17:32
  Speaker 3: want to see now with Solana is that we print
• 17:36
  Speaker 3: a candle and we hold right above this high of
• 17:40
  Speaker 3: the nineteenth of May, which is around one hundred and
• 17:44
  Speaker 3: eighty five. So if we were to print a candle
• 17:47
  Speaker 3: and hold about above one hundred eighty five, that would
• 17:52
  Speaker 3: be extremely bullish for Solana. Now looking at the other
• 17:56
  Speaker 3: side and starting to have a bit of concerns in
• 17:59
  Speaker 3: this area, that's natural because we went above the top
• 18:03
  Speaker 3: of the ranch and then we came back inside. That
• 18:06
  Speaker 3: is telling the art side that we have broken down.
• 18:09
  Speaker 3: So there's a bit of weakness on the daily time
• 18:12
  Speaker 3: frame for this. If you're a holder. I am a
• 18:15
  Speaker 3: holder of Solana. This doesn't mean I'm selling. This is
• 18:17
  Speaker 3: just if I was in a swing trade from the
• 18:20
  Speaker 3: bottom of the ranch and I was seeing momentum loss,
• 18:23
  Speaker 3: I will take potentially partial profits part out of the
• 18:27
  Speaker 3: equation just to hatch a bit of the risk of
• 18:31
  Speaker 3: being a desktop and potentially seen later this week any
• 18:36
  Speaker 3: verish move on bitcoin you never know.
• 18:39
  Speaker 1: Yeah, right, no, I think that well, and those are
• 18:41
  Speaker 1: good trading habits. That's also a good strategy. A couple
• 18:45
  Speaker 1: other points when you look at Polygon, this is one
• 18:48
  Speaker 1: that has been getting a lot of news right here,
• 18:50
  Speaker 1: and that of course is polem Market. I want to
• 18:53
  Speaker 1: go to this piece right here now, up over a
• 18:56
  Speaker 1: billion right now in terms of trading volume on polymarket,
• 19:00
  Speaker 1: which continues to push on Polygon. And of course we
• 19:03
  Speaker 1: know the poll token getting ready to happen. Timing is
• 19:06
  Speaker 1: pretty intriguing right here because this all comes down on
• 19:09
  Speaker 1: September fourth. You have timing here with the political thing,
• 19:12
  Speaker 1: a lot of betting activities on predictive markets. Could this
• 19:16
  Speaker 1: push Polygon into a new suite spot for Polygon holders?
• 19:22
  Speaker 1: What is your position right now in Madik.
• 19:26
  Speaker 3: Well, Maddick on the Weekly is having a bullish breakout,
• 19:29
  Speaker 3: so I'm quite excited about this. This clearly reflects what's
• 19:33
  Speaker 3: going on with the fundamentals at the moment, and if
• 19:36
  Speaker 3: we look back in time, breakouts of the Weekly like
• 19:40
  Speaker 3: this tend to have big, significant moves to the upside.
• 19:44
  Speaker 3: Just to show as an exampt.
• 19:46
  Speaker 1: Yeah, we're going to story, You're going to get your chart, yeah,
• 19:49
  Speaker 1: sor right, you can pick it up right there where
• 19:51
  Speaker 1: you were starting the Mattic piece.
• 19:53
  Speaker 2: Yeah, go ahead.
• 19:54
  Speaker 3: So Lenda is current sorry, Mattik is currently having Matic
• 20:00
  Speaker 3: is currently having a breakout on the weekly. I can
• 20:03
  Speaker 3: see here on the RSI that this is reflecting potentially
• 20:07
  Speaker 3: what's going on with the fundamentals of Matic. If we
• 20:10
  Speaker 3: go back in time, similar moves on the weekly breakouts
• 20:14
  Speaker 3: like this lead typically to significant push higher in price.
• 20:19
  Speaker 3: Just to give you as an example, this breakout from
• 20:22
  Speaker 3: here Tomatic one hundred and fifty percent higher. So I'm
• 20:27
  Speaker 3: quite excited about this breakout now looking at the daily
• 20:30
  Speaker 3: just to kind of micro tune that entry, I think
• 20:35
  Speaker 3: we are still at the lows here, so this is
• 20:38
  Speaker 3: a low area of risk if those fundamentals can sustain,
• 20:42
  Speaker 3: for a potential to sustain the weekly breakout to higher
• 20:47
  Speaker 3: levels as well.
• 20:48
  Speaker 1: Okay, all right, Well, I think timing here is going
• 20:51
  Speaker 1: to be pretty good for Polygon and what we're going
• 20:55
  Speaker 1: to see with Madik and obviously the token swap. So
• 20:58
  Speaker 1: I'm looking forward changed this one along with some of
• 21:01
  Speaker 1: the other blue chips out there as well. Listen, Mariano,
• 21:04
  Speaker 1: it's been great having you on again. Always fun to
• 21:07
  Speaker 1: have you on analyzing some of the tokens. If you
• 21:09
  Speaker 1: guys want to check Mariano's channel out there, go to
• 21:11
  Speaker 1: Trading Parrot over on YouTube and over at the Trading
• 21:15
  Speaker 1: parrot dot com you can learn more about what he's doing.
• 21:17
  Speaker 1: Thanks again for stopping and we appreciate it.
• 21:20
  Speaker 3: Thanks so much for having me. See you next time.
• 21:23
  Speaker 1: You bet all right, So you guys, if you're not
• 21:24
  Speaker 1: in on the Diamond Circle, make sure and jump in.
• 21:27
  Speaker 1: That's our own private group. We have a community over
• 21:29
  Speaker 1: there where you can talk to other people in the
• 21:31
  Speaker 1: Diamond Circle. Myself, I'm always in there chatting, so feel
• 21:35
  Speaker 1: free to join.
• 21:36
  Speaker 2: It's the link down below.
• 21:36
  Speaker 1: And of course, guys want to follow me out there
• 21:39
  Speaker 1: on Twitter x, it's at Paul Baron. We'll catch you
• 21:41
  Speaker 1: next time right here on tech Path