Matic has completed big Butterfly for upto 300% move
Hey dear patrons, hope you are well and welcome to the new update on Matic Network (MATIC)
On the long-term 2-weekly chart, the price action of the Matic Network has completed the last leg of the bullish Butterfly pattern and entered in the potential reversal zone.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Shark pattern should be:
Potential reversal or buying zone: 0.00000114 to 0.00000061 btc
Fibonacci projection or sell zone: 0.00000154 to 0.00000253 btc
Stop loss:
The maximum extent of potential reversal zone 0.00000061 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of 300%, and the high loss possibility upto 47%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
On the long-term 2-weekly chart, the price action of the Matic Network has completed the last leg of the bullish Butterfly pattern and entered in the potential reversal zone.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Shark pattern should be:
Potential reversal or buying zone: 0.00000114 to 0.00000061 btc
Fibonacci projection or sell zone: 0.00000154 to 0.00000253 btc
Stop loss:
The maximum extent of potential reversal zone 0.00000061 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of 300%, and the high loss possibility upto 47%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.