Pepijnboer

Breakout Matic on weekly levels

Long
Pepijnboer Updated   
BINANCE:MATICUSDT   MATIC Network / TetherUS
Matic has broken the weekly setup for the accending triangle. With the talks coming up it could mean that Matic will be pumping the rest of next week and even more when these talks tend to be possitve. We might see an retracement to the upper line of the triangle, so for now i remain very bullish.

Target for me is somewhere between 6 and 10 dollar. Time will tell when its time to sell. DYOR

Note:
This is an longer term trade.
Comment:
We need to close todays candle above 2.014 to get a highest weekly close and breakout of the weekly triangle

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.