In descending channel structure since 2 months
Now price is facing upper trendline resistance of channel and (fibo 0.618 resistance )
If breakout happened we can buy breakout or the retest with good stoploss
Good luck & Happy trading
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MATIC is in a bull flag which is a bullish pattern that has bias to break upwards.
Buy in the flag.
Take profit slightly below $0.025
Leave when the flag bottom line gets broken.
RSI has printed a falling wedge.
MACD selling wave is getting weaker.
Found support at 20 EMA.
Resistance area, now support.
Ideal buy is $0.02
Good luck with this trade!
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Big triangle has formed
Included a optimal buying zone in green, that includes the present time.
This could moon anywhere so i withdrew from placing a bars pattern.
Volume is currently 161 million
MATIC is also now available on the KYBER network
In fact, everything that is drawn in vain depends on Btc. The basis of this work is btc. I don't know anyone else. etc etc we can say. Is it true? partially correct. Bitcoin is very powerful and is the engine of this business. But it should not be forgotten that many coins create their own projects and networks. One of them is Matic Network. The fact that btc ate...
I circled a fractal which was present prior to the October 2019 pump...which preceded the November 2019 mega pump. Prior the the October 2019 pump we got a dip in the Advanced Decline Line (ADL); which the vertical gray lines represent that point in time graphically. I believe we are currently in a similar period now. With the top trend line perpetually converging...
A lot of traders got burned earlier in the year when it retraced its entire breakout - and what a breakout it was. Finally the players have gotten their nerve up to forgive and forget. Long on the weekly and waiting for a new high.
I have to admit... I absolutely hate this chart. It's so ugly. Just like XRP and TRX.
That being said. I'm still quite bullish on Matic. There has not been big news coming out of the company lately, but I'm sure they will announce something massive and DeFi-esque soon.
That chart is getting closer to the end of this massive triangle and soon has to decide...