MATIC ANALYSIS (BREAKOUT INCOMING!)
MATIC ANALYSIS:
MATIC is expected to break out of a daily falling wedge. It has found a solid support structure at major area of support near 185-195 sats. Since finding this support, Matic has managed to bounce towards 215 sats. The key here is to make sure the break out of the wedge stabilizes and holds. Entry can be put at 215 sats, while the expected break out should happen soon. T1 is at 230 sats, T2 at 251 sats, and T3 at 290 sats. Target 2 is also a triple top, which can be a major point of rejection. Therefore, keep close eye on T2. If T2 does become rejected, close immediately in profit!
Possible Entries: 215 sats
MATIC is expected to break out of a daily falling wedge. It has found a solid support structure at major area of support near 185-195 sats. Since finding this support, Matic has managed to bounce towards 215 sats. The key here is to make sure the break out of the wedge stabilizes and holds. Entry can be put at 215 sats, while the expected break out should happen soon. T1 is at 230 sats, T2 at 251 sats, and T3 at 290 sats. Target 2 is also a triple top, which can be a major point of rejection. Therefore, keep close eye on T2. If T2 does become rejected, close immediately in profit!
Possible Entries: 215 sats
Trade closed: target reached:
WIN!
MATIC/BTC Hit Target 1!
+5.48% Profit!
MATIC/BTC Hit Target 1!
+5.48% Profit!