MATIC/BTC I have been watching MATIC for over four months and slowly but surely my first Long-Term prediction is being fulfilled. Since we did enough deals on it, I decided to remake this chart and prepare a new Long-Term prediction.
MATIC is located in a growing channel whose trend lines are consistently respected. Today he again touched the upper channel trend and therefore I expect a downward reflection. The price level should go down to the bottom of the trend to 175sats, where our main Buy Zone is located. There is a strong support in this zone and MATIC will have to keep it to maintain the main upward trend. In the graph I have drawn a less probable bullish variant, where MATIC would go straight up and break through this growing channel. If he could hold on to that channel, his chart would look like Extreme Bullish and would go straight after meeting both targets. StopLoss will be dealt with in Intraday stores, so I did not put them in this prediction, #HODL. Take profit zones I used the strongest Fib. levels and resistance. The first Take Profit Zone ranges from 260sats to 270sats. The second Take profit is between 330sats and 345sats.
Very strong move and appears to be flagging. Very strong token with upcoming staking on their test net and one would hope a future coinbase listing
RomanSanetrik
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@mhartitz, Wow, that seems really nice. I know nothing about fundament, only Technical analysis :D As we can see, MATIC is project with giant potencial in new months/years ;) Thank you for these informations! :))