S1 supported by High volume node on our Volume Profile to the right and also .236 fib retracement. Stop loss 5% below here.
R1 is where we have our 26 EMA(purple line) acting as resistance. Also an area with significant support in the past.
R2 Our 50 SMA (greenline) and also our .382 Fib retracement.
BE AWARE, MATIC has a inverse relation with BTC. When BTC...
Is MATIC Network correction complete?
We looked at MATICBTC as the "Perfect Bull Run Example", you can see it all here:
After such a strong run, lots of people are wondering what will happen next...
For MATICBTC a strong correction followed, this is normal after a strong bull run... Now, let's take a look at why this correction might be over...
Feel free to...
Matic looking like its bottoming out on this beautiful falling wedge , gaining support . Just waiting on volume then targeting the .618 for a nice gain , will reasses once and if target is acheived
Bitcoin destroy the price of every alt coin.
But now comes the end of his rise of Bitcoin.And we can see massive pumps in every altcoins because nobody want to lose their money.You can see the possible targets because the descending wedge is near to the end.
MATIC has fallen from 570 range and it is about to reach 160-170 zone which is a good buy level.
Many news are lined up and MATIC will be on of the first to pump when BTC stablises.
Global view MATIC/USDT
- formation of a large symmetrical triangle
- Feels great fib levels
- volumes began to grow
- preload of the blue zone (strong level + Fibo 50% + triangle resistance)
- good risk / reward ratio
- positive news background around the project, increased interest is possible due to the expectation of a new ieo on binance
Who is in...
Well, well, well. I feel the second wave of the pump. I bet $Matic found the bottom around 230sats, every time when bears tried to push the price lower, bulls bought everything very quickly.
Time frame: 4H
Resistance:
~ Strong resistance 450sats
~ Light resistance 345sats
Support:
~ Strong support 230sats
~ EMA support lines
Enter/Buy ~ 245 - 265
Stop Loss...
260 sats vs btc
Breaking this w/ even a wick invalidates one bearish EW scenario (abcde of the low). Vol continues lower but looks better vs. usdt.
Theory is some are out of btc expecting choppy action and looking for reasons to trade alts w/ sideways confirmation on the king.
Also at 200 hourly ma and top of crypto ichi cloud. EMA Supports below and bottom of...
