Matic Bottom has been found?
Looking at this **MATIC order book** and heatmap, the behavior you're observing appears to further support your theory that a **big buyer is stepping in**. Here's what the data suggests:
### Key Observations from the Chart:
1. **Large Buy Orders and Clustering**:
- The **order book** shows **heavy buy walls** forming around the **$0.343 to $0.347 range**. These significant clusters of buy orders suggest that larger market participants (likely institutions or big players) are trying to **accumulate** at these levels. This buy wall creates a strong floor for the price, preventing it from dropping lower and absorbing any selling pressure.
- Additionally, the **green bubbles** on the heatmap correspond to significant buying activity. These large buy orders could be efforts by **big players to accumulate** before a potential upward move.
2. **Cumulative Volume Delta (CVD)**:
- The **CVD indicator** shows a value of **176,447**, which is positive and increasing. This metric reflects the **net buying pressure**—when CVD is rising, it suggests that buyers are overwhelming sellers. In your case, this increasing CVD further supports the idea that buyers are stepping in aggressively and accumulating MATIC, potentially leading to a price push higher.
3. **Price Reaction to Support**:
- The price action appears to be holding firmly above **$0.34**, where buy walls are present. Each time the price dips near these levels, it quickly recovers, indicating that buyers are actively defending this zone.
- This aligns with the idea of **accumulation**, where large buyers aim to fill their orders at lower prices while keeping the market from falling too much. This also supports your suspicion that big money might be preparing for a larger upward move.
### What This Could Mean:
- **Accumulation Before a Breakout**:
- This pattern of **strong buying interest** at lower levels and the price's inability to drop much further suggests that we could be in the final stages of an **accumulation phase**. Once the large buyers have filled their orders, the price could rise as buying demand overtakes supply.
- The rising **CVD** and **buy walls** signal that upward pressure is building. If sellers run out of momentum and can't push the price lower, we might see a breakout above key resistance levels soon.
### Strategy and Watch Points:
- **Watch for Breakouts Above Resistance**: The next logical step would be to watch for a break above **$0.36-$0.365**, where resistance might currently lie. A break above this level could confirm the **completion of accumulation** and the start of a new bullish leg.
- **Monitor CVD and Volume**: Continued positive CVD and increasing volume will signal that the buyers are still in control. If the CVD remains positive while the price breaks through resistance, it would strengthen the case for a rally.
### Conclusion:
The data you’ve provided strongly supports the idea that **big buyers are stepping in**, likely accumulating MATIC before a push higher. The significant **buy walls**, **rising CVD**, and price stability around key support levels suggest that once accumulation is complete, the price could be ready to move higher.
Would you like to go deeper into specific price targets or further technical levels to watch for confirmation of this potential move?
Compiled with my Custom Elliot Wave GPT Research ai
### Key Observations from the Chart:
1. **Large Buy Orders and Clustering**:
- The **order book** shows **heavy buy walls** forming around the **$0.343 to $0.347 range**. These significant clusters of buy orders suggest that larger market participants (likely institutions or big players) are trying to **accumulate** at these levels. This buy wall creates a strong floor for the price, preventing it from dropping lower and absorbing any selling pressure.
- Additionally, the **green bubbles** on the heatmap correspond to significant buying activity. These large buy orders could be efforts by **big players to accumulate** before a potential upward move.
2. **Cumulative Volume Delta (CVD)**:
- The **CVD indicator** shows a value of **176,447**, which is positive and increasing. This metric reflects the **net buying pressure**—when CVD is rising, it suggests that buyers are overwhelming sellers. In your case, this increasing CVD further supports the idea that buyers are stepping in aggressively and accumulating MATIC, potentially leading to a price push higher.
3. **Price Reaction to Support**:
- The price action appears to be holding firmly above **$0.34**, where buy walls are present. Each time the price dips near these levels, it quickly recovers, indicating that buyers are actively defending this zone.
- This aligns with the idea of **accumulation**, where large buyers aim to fill their orders at lower prices while keeping the market from falling too much. This also supports your suspicion that big money might be preparing for a larger upward move.
### What This Could Mean:
- **Accumulation Before a Breakout**:
- This pattern of **strong buying interest** at lower levels and the price's inability to drop much further suggests that we could be in the final stages of an **accumulation phase**. Once the large buyers have filled their orders, the price could rise as buying demand overtakes supply.
- The rising **CVD** and **buy walls** signal that upward pressure is building. If sellers run out of momentum and can't push the price lower, we might see a breakout above key resistance levels soon.
### Strategy and Watch Points:
- **Watch for Breakouts Above Resistance**: The next logical step would be to watch for a break above **$0.36-$0.365**, where resistance might currently lie. A break above this level could confirm the **completion of accumulation** and the start of a new bullish leg.
- **Monitor CVD and Volume**: Continued positive CVD and increasing volume will signal that the buyers are still in control. If the CVD remains positive while the price breaks through resistance, it would strengthen the case for a rally.
### Conclusion:
The data you’ve provided strongly supports the idea that **big buyers are stepping in**, likely accumulating MATIC before a push higher. The significant **buy walls**, **rising CVD**, and price stability around key support levels suggest that once accumulation is complete, the price could be ready to move higher.
Would you like to go deeper into specific price targets or further technical levels to watch for confirmation of this potential move?
Compiled with my Custom Elliot Wave GPT Research ai
Uwaga
Note MATIC will become POL soon.
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