Short
MATIC - END OF WAVE 5?
MATIC hit one of the major resistance zone around 340-345 and looks like it completed wave 5. If that is the case, possible ABC correction might take place.
Breaking above 350 invalidates this idea.
Not a financial advice.
Breaking above 350 invalidates this idea.
Not a financial advice.
Trade active
On lower timeframes, it looks like it is forming rising wedge which often result in lowering price.
Trade active
As expected, price has fallen. Thinking to re-enter around 290-300 satoshi.
Trade closed: target reached
Falling wedge forming on 1 hr chart. Re-bought @ 315. Lets see how it goes..
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.