I would expect a retest of the support which we currently bounced from to confirm support, we have the same setup playing out on $DOT. Either we retest and form a double bottom or we flip the little resistance we facing at 1.43-1.47 on the 4hr TF taking us all the way back to the 200-day ema on the daily TF.
By hitting the trend line, a very good support reaction has been shown that if the support and successful pullback are successful, we are likely to climb to the resistance levels of $ 1.6 and $ 2.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
Matic has been forming a descending triangle pattern , illustrating that a bearish move for completing the wave (5) is expected. Moreover, market is almost down and empowers our scenario.
-Good luck-
There is an increase in MATIC`s volume recently and a lot of interest surrounding it.
Looks like a possible bounce from the support area.
I would expect a pump to $1.71 short term.
Looking forward to read your opinion about it.
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Everything on the chart.
I am waiting for an upward movement from the current price or through one more decline until ~1.2$.
Entry: market and lower (80-65)
Target: 1.7 and 1.9
Stop: (depending of ur risk). ALWAYS follow ur RM...
- BTC is going sideways
- Trend bearish
- 4th touch
- Level visible
- The coin is weaker than the market
- atr 45
When squeezed to the level, I plan to enter with a stop behind the minimum
Because the market is sideways, be careful, and use only half of the working volume
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you...
Hey guys
It is time to invest in some coins and tokens according to their technical and fundamental conditions.
here is the first one I have orders according to the key levels shown in the chart.
DYOR!
This is my idea. not a financial advice.
like and share and comment the coin or token you want me to share my technical point of you of them
Good luck
MATICUSDT 4H: Possible LONG
We can see a rebound from the price level - of 1.450 on the 4H chart. In the middle term, this signal indicates that the price may increase to 1.750.
Right now the market is sideways so be careful and use only half of the working volume
- Draw a curved trendline, there were many touches
- Atr 30
- Over vwap
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P.S. Always do your own...
#MATIC/USDT TA update:-
$Matic still holding $1.40 support level.
Guys Honestly if hold this support then we can see $3 next Target and $5 also in the coming days.
A very important level is $1.10-$1.20
In simple IMO I will hold above $1
I am supper bullish above $1
And In near future we can see $MATIC price could be $10
Support:- $1-$1.20
Resistance:- $3/$5
as you can see the Ichimoku and chart pattern and fake breakout of resistance and considering Fibonacci in my opinion we will have a small short trend and after that a good long but i still must see more about long position in future
MATICUSDT price has taken an area of confluence as a support and trying to grow positive. If the bulls will show bit dominance they may target again the channel's top.
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Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and lower
Target: 1.8 and ~2
after first target reached move ur stop to breakeven
Stop: 1.3 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 3.5
risk is justified
Good luck...
