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MBM_Crypto
Jul 1, 2021 6:17 PM

Big move coming for MATIC soon! 

MATIC Network / TetherUSBinance

Description

Here's a quick look at MATIC 6 hr chart. As we can see, the price has printed a bigger triangle and is very close to a breakout. We should see a bigger move within the next 4-5 days. The best entry would be, when the price breaks above the triangle with good amount of volume .
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The idea is: Buy the breakout from the triangle and take profits at the levels shown in the chart.
Targets:

1. 1.53$
2. 1.72$
3. 1.89$
4. 2.09$

- Profits can also be taken in the resistance zone .
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Comments
Oacen
triangles are not working in market this period,only fake brake ups and fake brakedowns.
MBM_Crypto
@Oacen they might not work in your favor but they DO work 😉
Oacen
@MJI786, with this btc situation triangles are not working ,
only bear and bulish traps
jadumzy
the best buy zone should be at $0.75- 0.92 region.
take a closer view of it from the 1hr chart
MBM_Crypto
@jadumzy definitely a good buy if it reaches that zone 🔥
mmfatemi
hope you are right cuz i'm a holder . but if BTC falls i don't think this triangle works
MBM_Crypto
@mmfatemi let’s hope btc doesn’t drop. Many indicators and analysis are pointing towards that 30k could be the bottom.
spaclemonade
Unfortunately looks like it's following BTC down.
MBM_Crypto
@spaclemonade yes 🔥
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