BINANCE:MATICUSDT
Why Matic ?
- Matic network Fundamental Analysis: youtu.be
- Facebook Libra coin will probably need Matic to run on: youtu.be
- One of the Binance IEO (i.e. ICO) so it’s still have a lot to run, resting at 2cents with a big potential to run up to 20cents imo.
- got listed on Binance for 50 Sats and ran to 500+ Sats which is 10x now sitting...
Trading Signal - BUY
My buy price - 248
My (Trailing) Profit Take - 300 (5% Deviation)
My (Trailing) Stop Loss -230
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If we can make this bounce and confirm Daily support with another green candle, could be entering wave 3. Only in a perfect world would MATIC follow such a path.
There was a bullish divergence on the 1HR chart. Had a nice bounce once it met with support of the descending wedge. MATIC is still very bullish, don't let the down price action fool you!
MATIC vs ONE (Co-Relation)
Both Looks Similar But In Different Timeframes..
Both Making Lower Lows..
Decreasing Volumes..
Falling Wedge Patterns..
Let's See Where They Go...??
If the Elliot Wave Pattern succeeds, We could see a massive move up soon. 350 Sats was already tested once so a revisit would be more likely to break through. There's not much resistance between 350 & 450 so it could be a violent move. I'm still HODL'ing this. Like I said in my previous posts, this could easily be a 900 Satoshi valuation and I'm basing that upon...
As you can see in chart for Matic Btc pair 278-284 zone is a really strong resistance. I'm waiting an upward move from this support zone until 340-350 sats.
Candle close below support zone can be use as stop loss.
$MATIC Trying to to hodl support at ~255sats.. Potential falling wedge in play but volume is low for now...
MACD Bullcrossing while RSI is deciding what to do
No UCTS signals on the 6h chart yet..
#MATIC
MATIC/BTC : Been watching this for a little while now, finally it managed to break back above the 4hr 50EMA.
Opened a long on retest of the EMA @~ 260. Depending on the volume that follows, I may keep this position for long term.
In this chart we have nice cup & handle
Big resistanse shown whit red line.
I think if broken 370 resistanse going 454 sat in few days.
This charts only my idea.but its good idea
Big resistanse:370
Final target: 454
- Resistance ~ 450 Sats .
- Support Level ~ 230 Sats
- ATH ~ 570 Sats
ENTER: 290-320 Sats
Stop Loss ~ 275-280
TP 1: 450 Sats , in the case if the price can't break out this level.
TP 2: 600 Sats
TP 3: 1000 Sats .
Friendly market news are coming soon...
Good Luck.
BINANCE:MATICBTC Matic is looking like it might be done with the slight retrace, if it can break out of this downward wedge. Waiting for the candle wick to break above to signal a clear bounce. Then I expect to see a another strong pump up to 350 satoshis.
