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jojofang0901
Jun 15, 2021 11:20 PM

MATICUSD Another Bullish Move  Long

MATIC Network / US DollarBinance

Description



Hi traders:

Most of the crypto are in its corrective phase, and I wanted to wait for further development on them.
Whereas for MATIC, it actually has a clean bullish price action that could give us some buy opportunities.

We can see from my previous analysis and trade that I entered, price indeed pushed up very impulsively.
However, it was follow by the crypto market crashed and it dropped quite a bit.

What's good from the technical perspective is that, after a bearish move down, it was follow by a reversal impulse move up.
This is usually a great indication that the bearish momentum is no longer valid,
and if we see continuation bullish price action, then it can give us a good buy potential.

Latest price does indeed breakout of the continuation correction, so look for any lower time frame correction for the buys to the previous tops.

Comments
Investroy
Agreed, thanks a lot fam
jojofang0901
@Investroy, waiting for confirmations :)
SunnyHillCapital
You have very clean structure analysis, thank you for sharing.
jojofang0901
@SunnyHillCapital, hey thank you appreciate it :)
YMGroup
thanks for your chart
jojofang0901
@YMGroup, your welcome :)
YMGroup
awesome plan mate
jojofang0901
@YMGroup thx 🙏
AtlasTrades
thx bud :)
jojofang0901
@AtlasTrades thank you
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