TradingView
ZiedDhibi
Jul 22, 2019 8:54 PM

MATIC to 117 Sat Before going up ? Long

MATIC Network / BitcoinBinance

Description

Update on MATIC
1/Matic Broke ascending triangle ::> Not a good sign
2/today we broke 126 127 sat (resitance has been tested several times the past few days )::> Sell pressure
3/But on the other side Matic has tested 2 times support around 117 Sat after that the price went up30 %

So if i'am looking to buy i will buy at 117 sat with tight SL
Comments
iljaguzik
i doubt it's going up, matic fet and other IEO coins, binance is a biggest bag holder,just looking at etherscan.io at matic is good enough to consider a coin is dead for a few month at least.
dead cat bounce - its all we got on matic, in addition matic dominance chart is super bearish as well charts.cointrader.pro/snapshot/81jEH
i expect dominance will be dropped -50% from this point at least, price will drop heavily.
More