Matic
MATICUSDT
vs ETH
ETHUSD
is breaking out of the symmetrical triangle
For those of you who do not close spot trades into USD but into large Caps crypto assets, looking at ratios between different crypto assets are invaluable.
If your favourite altcoin is not outperforming BTC, ETH, ADA or Sol then why hold that altcoin?
Based on this breakout, one should convert some ETH to Matic as we can expect Matic to significantly outperform ETH during this bear market rally. Once the technicals shows signs of a reversal, convert your MATIC back to ETH.
One should expect a 40% rally to the 1.618 fib extension target
MATICUSDT
vs ETH
ETHUSD
is breaking out of the symmetrical triangle For those of you who do not close spot trades into USD but into large Caps crypto assets, looking at ratios between different crypto assets are invaluable.
If your favourite altcoin is not outperforming BTC, ETH, ADA or Sol then why hold that altcoin?
Based on this breakout, one should convert some ETH to Matic as we can expect Matic to significantly outperform ETH during this bear market rally. Once the technicals shows signs of a reversal, convert your MATIC back to ETH.
One should expect a 40% rally to the 1.618 fib extension target