Priceline of MATIC NETWORK / TetherUS is likely to start the formation of bearish gartley pattern soon insha Allah. Within the potential reversal zone the price action has hit the 200 simple moving average support and likely to fail in breakdown this support. 50 SMA is moving up to form a golden cross with 200 MA. I have defined the targets using Fibonacci sequence as per gartley pattern:
Buy between: 0.01618 to 0.01285
Sell between: 0.01737 to 0.01884
Regards, Atif Akbar (moon333)
Trade closed: target reached
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Comment
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By the grace of Allah the most high this trade gave more than 30% profit
hi atif,
you've said that "the price action has hit the 200 sma" but on the chart it is 100 MA,
a label on the chart also seems to be wrong where you've written "strong support of 200 ma"
anyway thanks for sharing your idea,
and meanwhile "allah" has a lot wishes to fulfill more important than pumps and dumps in crypto market! :))
cheers!
moon333
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@homasa, thanks for correction its 100SMA, and i dont support pumps or dumps dear rather i only post my technical analysis on crypto, stocks, commodity and forex and i always hope from Allah to make my charts successful
UnknownUnicorn4568064
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@moon333, You are right man! "Allah" keep you safe, healthy and of course wealthy!
you've said that "the price action has hit the 200 sma" but on the chart it is 100 MA,
a label on the chart also seems to be wrong where you've written "strong support of 200 ma"
anyway thanks for sharing your idea,
and meanwhile "allah" has a lot wishes to fulfill more important than pumps and dumps in crypto market! :))
cheers!