MATICBTC Long-term Ascending Triangle shows Matic break-out

The MATICBTC pair has been trading inside an Ascending Triangle since July 2022 with the 1W MA50 (red trend-line) supporting. The Fibonacci Channel levels show that as the 1D RSI is approaching its Lower Highs (Bearish Divergence against the Higher Lows of the Ascending Triangle), we could see a pull-back. This is highly possible within a 0.00005800 - 0.00006650 Resistance Zone that is holding since May 19 2021.

Likely to see ascending trading within Fib 0.236 - 0.618 until Resistance 2 breaks. The top of the Ascending Triangle break-out should be within the 1.618 Channel Fib and the 2.0 horizontal Fib extensions. In our view above 0.0001100.


-------------------------------------------------------------------------------

** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **

-------------------------------------------------------------------------------

💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇