BYBIT:MATICUSDT 1H trend chart - After an amazing soar before(H&S pattern worked, refer to our last analysis) MATIC is correcting and forming a descending wedge pattern in 1H chart.(we modify it from C&H pattern from last post) Now it broke out this upper downtrend line, if price can stand firm, our trading strategy as below - Profit Targets: a) 1.6433----Fib(1) a) 1.7544~1.7993----Fib(1.272~1.382) b) 1.8957----Fib(1.618) Stop losses: a) 1.4619----Red horizontal ray - If you like this analysis, give it a like and leave a comment below to share your thoughts or let me know what crypto you want to see!
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