My View For MATIC Network Remains The Same Long

MATIC Network / BitcoinBinance

Description

⋅ Apr 9, 2020 12:44 AM

For MATICBTC (Matic Network) my view remains the same as it was in January/February 2020, we are expecting a very strong jump.

We looked at multiple signals which you can find on the charts at the bottom.

Here, we have bullish divergence with the MACD and a strong RSI.
The bullish divergence is marked with a purple line.

Previous charts: tradingview.com/u/alanmasters/

Thanks a lot for reading.

Namaste.

Comments

Persian_Gulff

⋅ Apr 13, 2020 11:52 PM

matic is going to unlock tokens.....a huge sell off is coming

AlanSantana

⋅ Apr 13, 2020 11:59 PM

@Persian_Gulff, How much?

J167889

⋅ Apr 14, 2020 10:11 AM

@alanmasters, 0nly 1.3% of the total supply will be distributed, of which 50% of it will be staked. Matic might dump, but it wont be because of the token unlock.

blog.matic.network/april-2020-token-unlock-100-of-team-foundation-tokens-allocated-to-staking/

J167889

⋅ Apr 14, 2020 10:20 AM

@Persian_Gulff, maticbtc would only register a -8% drop if they were to market sell the 66,550,000 unlocked and unstaked tokens at Binance. I guess that's "huge" if you're in equities.

AlanSantana

⋅ Apr 23, 2020 9:44 PM

@Persian_Gulff, No sell off.