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TestyCalls
May 23, 2019 3:03 PM

MATIC break out!? 

MATIC Network / TetherUSBinance

Description

It looks like MATIC is positioned to break out again after the big dip. If we have enough VOLUME I think it will continue to go north. If you watch MATIC (as you would expect) when the price stalls, the orders slow down significantly. AS SOON as a green candle starts forming and makes a couple decent positive green moves.. the activity starts multiplying draMATICally. This stock has been in view of many in the last week +, so I still believe its high on everyone's radar. Its certainly still on my radar.

I would think you need to be in sub .03, and much better if you're in the mid to mid/upper .02's

Would like to TP around .05'ish.

Please thumb me/ comment ;)
Comments
Etipton04
I would say that the RSI and FIB fans and fib retracements all point to an uptrend breakout but there is resistance on my chart around 0.03 and 0.033. Good news is that no breakout is needed as we are in a slightly upsloping trend line so just staying on that line will be a healthy and gradual climb to pay day. its the only coin I've traded this week and if not for greedy double dipping, I would have made even more. The triangle you have will generally break the direction of the previous flag. but in this case id go against the grain and say it breaks up, not down. Good luck!
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