TradingView
xtremerider8
Feb 17, 2022 9:46 AM

MATIC respecting the upchannel; making wave 5 of wave III Long

MATIC Network / US DollarBinance

Description

MATIC not yet oversold yet, may retest the low side of channel, then bounce up to make a new high. (wave 5 of wave III)
Comments
msrken
It's a great analysis, I saw the 5th point. TP for $4, right ?
xtremerider8
@msrken, I haven’t measured it yet but one projection for wave V is to use the FIBO EXT from wave I to bottom of wave II. Probable levels are 1.618, 2.618. Hope this helps.
I measured … 4.3, 6.6
xtremerider8
@xtremerider8, just a basic channel. You just connect points that touches your line the most. Diff people draws in diff ways.
More