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Avanstee
Aug 17, 2021 2:16 PM
Polygon approaching temporary high
Short
BINANCE:MATICEUR
240
MATIC Network / Euro
Binance
Description
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Aug 17, 2021 2:16 PM
Looking at the 4 hr chart for MATICEUR, we can observe divergence between price and RSI.
Based on recent support, I expect price to drop to around 1,05. If that support breaks, we could see a drop to 0,85 or even 0,55.
Trend Analysis
Chart Patterns
matic
MATICEUR
Technical Analysis
Comments
yozr23361
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Aug 17, 2021 2:29 PM
nice chart, whole market seems bearish
Avanstee
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Aug 17, 2021 2:39 PM
@ali_1673, I agree. Probably just at the end of phase B of retracement now.
yozr23361
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Aug 17, 2021 2:40 PM
@Avanstee
, i think on worst scenario
yozr23361
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Aug 17, 2021 2:40 PM
@Avanstee
,
yozr23361
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Aug 17, 2021 2:41 PM
@Avanstee
, elliott wave counting with extended wave 1
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