Great retracement for MATIC... we are almost done... only one last wave down. Please note that we are in long wave 4... next wave up will be Wave 5.
Great prices to get in are :
100% fib : 0.02077
123% fib : 0.01970 (4hrs EMA right there)
161.8% : 0.01790 (21 daily EMA right there)
261.8% : 0.01327 (less probable)
the wave patterns I'm reading are already showing a slight bearish break out of our symmetrical triangle. If we lose 0.02 its not going to stop until we hit our next area of high trading activity between 0.010-0.015. buy around 0.0125 and when we return to the 0.02-0.025 range, profits will be immense as shown by price tool.
If Matic can get above the 0.5 Fib at 0.02875 we should be looking at another run. currently in the past couple hours, we have been rejected by the 0.5 FIB but are holding support at the 0.618 golden FIB. Lines are drawn starting at parabola (see 1.0 fib retracement line)
We had a very strong rise these last weeks following a performance much more important than the other cryptos.
After an accumulation zone, we can think of a volume recovery.
Investors are waiting for a break of 0.3
The next hours will be decisive for the medium-term trend.
pretty self explanatory. Obviously try to catch the mid day dip around 0.02-0.024 and ride it out. This is an amazing project and worth the hype as well as the insane volume it has seen.
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.
