Whilst playing around with FIB CIRCLES at different fib levels i took a look at MATIC:
MATIC is riding along a support circle and inside a descending triangle, moving inside of fib arc channels (bold colored). I guess we will see more downside to the levels of 120 - 100 sats, before a reversal kicks in, bringing MATIC back to the levels of 150 - 170 - 200...
MATIC is doing a nice falling wedge.
RSI still oversold.
Bollinger's lower band is touched, we can expect some movement soon.
Fib levels on the chart in case it breaks by the top.
Not enough volume for the moment.
We need to wait for reversal and consolidation before long nevertheless. Not bullish enough for the moment in my opinion.
It might be worth to keep an...
Seems everything is set for price to break the major rectangle resistance barrier by breaking through the strong supply zone on the next re-test.
Following wave structure show a clean entry spot for us and always remember to apply stop loss.
Kindly go through the chart and do leave your comments about the expressed view.
Moreover REMEMBER to appreciate my...
MATICBTC bounced on weekly support and now the price is trying to have a breakout from the daily dynamic resistance.
According to Plancton's strategy, we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h...
As you see in the chart, here we have a good positive correlation between these 3 charts. These are #Binance IEOs and move together. We have Specified 'Top' and 'bottom' with green and red arrows that are at a same time in these charts.
Short term we will drop to 140 sat area, see dark circle that indicates a support/resistance area. After that a rise is possible back to 170 sat area for the first target.
Also see the ultimate oscillator here. The line below the indicator indicates a last drop back to the line, before rising again.
No advice from me, i just look at the charts :)