Hi Artem is here!
Price showing regular double top with bearish divervegence. To trade on retracement I am looking for bullish divergence and rebound to the highlighted levels on the chart!
Entry levels:
0.01548$
0.01064$
Target levels:
0.02270$
0.02725$
0.03490$
tell me what you think of this. I don't see MATIC falling below the 0.0165 level and likely not below the 0.618 level of 0.019-0.018. the channel will likely mirror itself as seen in many new volatile coins and also seen in parabolas and their short history following.
the EMA and SMA 20 on the hourly are crossing above the 50 and 100 EMA and SMA. predicting a slight pullback to complete the wave then a breakout of the bull flag to create a new flag post to the upside. Target 0.048. Timeframe: next 1-3 days granted BTC doesn't fall apart. Pullback may drop as low as 0.0185-0.0225 as market depth is very even ATM.
currently the 0.5 holding. If this doesn't hold, wait and see if it bounces or falls through the 0.618 as a fall through this level would indicate that there is nothing stopping the price from dropping down to 0.012 which would be a HUGE retracement and I believe after that it is off to the races again with not as much insanity.
IF this plays out as a head and shoulders pattern, the breaking of the neckline along with the 0.5 fib could take us back to the 0.618 fibonacci. this drops us to 0.023 give or take. if support at the 0.5 fib holds and we get a bounce or rise above the 0.382 I believe we make a new ATH over 0.045 within 12-36 hours. If not, sell what you have and enter in a new...
still holding the support line drawn yesterday and passing 0.04$ now. Will see resistance at previous high of 0.045 and before the psychological of 0.05
Looking good. Set stop loss at the 78.6% (1st fib retracement)
Fib was taken from market bottom a couple weeks back to ATH of 0.045
next take profit will start at 0.045 the ATH from last night and extend to 0.49 just below the psychological level of 0.05
As you can see we have ever so slightly dipped for a short period below the 0.236 but quickly bounced back to hold support above 0.037. Setting stop limits at the next fib. Fib measurements taken from bottom of parabola that started 3 days ago.
this is only the beginning folks! I see this coin going a total of 100-1000X as it is a unique and amazing project worthy of a top 10 market cap! Long for 1$ per coin extrapolates to 35X gains from here!
as you can see we bounced off of the 0.5 fib and are working towards overhead at the 0.38 and 0.236 before profit taking at 0.034$-0.036$.
fib is based on uptrend start today to ATH of 0.035$ earlier this morning. re entry target around 0.032
Overview
Matic had a nice run - even performed well during the Bitcoin dump.
Nice confluences:
1. S/R flip at 61.80% Fib level
2. Big Demand zone and OTE (70.50%)
Two short-term plays
Dont forget:
- Watch your Risk management
- Bitcoin has an influence on all Altcoins, be aware of movements there
- DYOR (Do-Your-Own-Research)
Please consider:
This information...
Matic/btc analysis now matic are going down to 125~107 we are waiting it to buy from it i will update the analysis when we are arriving the targets to buy it or not (:
Matic/btc now are going to visit 139 Satoshi for some reason
First reason we are now in the 5th wave in the Elliott wave
Second reason we have a head & shoulders
Third reason now we have a harmonic pattern that show we are going to visit 132 Satoshi
So the buying zone should be between 139~130 Satoshi
And if the price down to 103 we will buy again
Target...
