Hello
I am sorry for what I want o say and I do not want to be rude but I really believe that Crypto market is not good place for wave traders (and probably the other methods) but for investment is a heaven.
Some of coins are really confusing and I do not see any consistent correlation between them. MATIC is one of them and for now, what is happening in the upper yellow zone can be a triangle or a combination.
For these situations that we can't distinguish the patterns the best solution is to focus on the price action and technical analysis techniques, so there are 2 scenarios:
1- more correction and triangle failed
or it was just wave B of a combination
2- break out and start its rally as wave V.
Simple notice: do not trade it as long as it does not break out the upper boundary of our imagined triangle.
Thanks
I am sorry for what I want o say and I do not want to be rude but I really believe that Crypto market is not good place for wave traders (and probably the other methods) but for investment is a heaven.
Some of coins are really confusing and I do not see any consistent correlation between them. MATIC is one of them and for now, what is happening in the upper yellow zone can be a triangle or a combination.
For these situations that we can't distinguish the patterns the best solution is to focus on the price action and technical analysis techniques, so there are 2 scenarios:
1- more correction and triangle failed
or it was just wave B of a combination
2- break out and start its rally as wave V.
Simple notice: do not trade it as long as it does not break out the upper boundary of our imagined triangle.
Thanks
AMA