The sun keeps shining ☀️ on the global cryptosphere, promising a slightly bullish market with upside potential in the next 24 hours. However, Ripple’s XRP and Polygon’s Matic encounter some clouds ☁️, signaling a potential downside trend.
Looking ahead over the next week, the forecast is mixed with cloudy weather ☁️ for altcoins like Ether, Litecoin, XRP, and...
A quick analysis on MATIC using both wave theory, Fibonacci analysis :
Wave theory Analysis:
1) MATIC had a nice IMPULSE run-up from Jul 18th to Sep 4th going from $0.61 to $1.78 after a big correction from the previous high of $2.81 to $0.61
2) After a good impulse phase comes the CORRECTION phase, markets usually stay two-thirds of the time in a correction...
My Crypto Trading Comrades,
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Cheers & Happy...
