FieryTrading

🔥 MATIC Bullish Triangle: New All Time High Soon?

Long
BINANCE:MATICUSDT   MATIC Network / TetherUS
MATIC has been practically untouched by Bitcoin's fall this week. Yes, it declines after Bitcoin drops, but it almost instantly regains all its earlier losses.

At the moment, there's a bullish triangle forming for this asset. This trade is based on the idea that this triangle is not yet finished, thus MATIC will once more decline towards the lower support of the triangle. Around this support we've placed our Entry.

Before entering this trade wait for the price to touch the Entry line. Higher time frames yield a higher predictive power.

On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.

Happy trading!
✅2021 result: +203% per week

🏆Free channel & Free Algo-bot: https://taplink.cc/fierytrading

🔥Premium channel: Entry, Stop & Target - https://www.fierytrading.com/

🚀Automatic copy trading supported

Comments

clean and easy to understand
Reply
Clean setup as usual. Thank you for sharing!
Reply
nice pattern
Reply
Very detailed analysis! +++! 🦐
Reply
That's a good analysis and a good news.. Could u give us analysis also on RSRUSDT?
Thanks, bro..
Reply
FieryTrading BreakoutBuster
@BreakoutBuster, I'll take a look, cheers
Reply
Looking Interesting 🔥😌
Reply
FieryTrading TRADiNG_hub
@TRADiNG_hub, great
Reply
Nice Fiery
Reply
FieryTrading TheSignalyst
@TheSignalyst, thanks brother🙏🔥
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter