MATIC is about to finish BEAR market!

Hello, my friends!

We had two options in analysis for today: MATIC and ETH. MATIC won this battle. This asset has the very interestin price formation. Therefore I can assume that bear market will be finished soon. Last dump affected MATICUSDT also, but price was not able to break even the lowest point of the current bear market.

Let's take a look at the price chart. Let's consider the following Elliott waves marking. Using our favorite Awesome Oscillator I defined the wave 3 bottom. It's located at $0.34. After that we saw the huge in terms of time wave 4. This reactive wave has been represented as the ABC zigzag correction. Of course it has reach a little bit higher price that it is usual for such waves. Waves 4 usually reach the zone between 0.38 and 0.5 Fibonacci retracement, applied to wave 3. In our case we saw the 0.61 level, but it's ok.

Wave 4 in my opinion is 99% finished and I am not waiting for the price above $1.5 before it will break down $0.34 low. The main reasons for that is zero line crossover on Awesome oscillator and the increasing donward momentum. Now I consider the wave 5. The final wave in this bear market. I cannot define the target for the wave 5 but price should set the new lower low. The best confirmation for the bull market start is gonna be our five magic bullets:

1.Bullish divergence with Awesome Oscillator

2.Fractal at the bottom on 4D - 1W time frames

3.Squat bar at the bottom (or even bullish reversal bar)

4.Momentum change to the upward

5.Target zone reach (below $0.34)

Be patient, market will give us the insane opportunity very soon.

Best regards, Ivan
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