TradingView
arkpersian
Jun 27, 2023 12:00 PM

matic/long Long

BINANCE:MATICUSDT30
MATIC Network / TetherUSBinance

Description

⋅
Triangles are a special class of corrective waves that usually balance the market. Hence the volume and fluctuations of the market

They are reduced. Their structure is usually 3-3-3-3-3, where a-b-c-d-e is used for naming. These waves are all with

They also overlap.
Wave Analysis
Comments
Kryptochristian
⋅
Great work - descending wedge is probably my favourite pattern
harchenko93
⋅
Looking at the matic bitcoin pair, there is an imbalance at 2800 satoshi and if it is now the 5th Elliot up wave, we could go higher to 0.8-0.9 through extensions in the last up wave (near 0.9 on the USD pair imbalance chart)?
arkpersian
⋅
@harchenko93 In terms of fundamentals, matic and ada in the United States have a case like xrp.. Dominance Bit still has a resistance of 56%. And in the long term, the target is 67%. do not have
arkpersian
⋅
@harchenko93 The first goal is 75 to 80 cents
harchenko93
⋅
@arkpersian, I see bearish divergence on 4h in btc dominance and expect at least double top at 52.1% and decline for short term
harchenko93
⋅
Hi! What do you think about next movement now?
More