Get started
x45lu

Matic daily consolidation begins

MATIC Network / Bitcoin (BINANCE:MATICBTC)  
x45lu Updated   
BINANCE:MATICBTC   MATIC Network / Bitcoin
Trend Analysis MATICBTC
8
0
trendanalysis maticbtc
Hello traders,

I started entering short positions after a parabolic breakout. I will be trading based on fib level.

Entry: 263 Sats -> Exit: 287 Sats
Entry: 243 Sats -> Exit: 263 Sats
Entry: 224 Sats -> Long position
Comment:
Matic is forming a tightening wedge and breakout is imminent. Bullish entry if it goes above 313 Sats.
Bearish breakout target is still 263 sats.

snapshot
Comment:
Temporary double top is formed.
Bounced at 23.6% fib level (296 Sats) but this bounce attempt is too weak.
38.2% level (267 Sats) is still in play.

snapshot
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.