If we can make this bounce and confirm Daily support with another green candle, could be entering wave 3. Only in a perfect world would MATIC follow such a path.
There was a bullish divergence on the 1HR chart. Had a nice bounce once it met with support of the descending wedge. MATIC is still very bullish, don't let the...
IEO's are certainly off to an explosive start. But none more so than MATIC. Doing a 10x within a couple weeks is explosive even for the crypto market, where nearly anything is possible and millionaires can be made overnight.
Matic has done a picture perfect retrace with a descending wave 2 triangle down to the .618 FIB levels or, the golden pocket. It has...
If the Elliot Wave Pattern succeeds, We could see a massive move up soon. 350 Sats was already tested once so a revisit would be more likely to break through. There's not much resistance between 350 & 450 so it could be a violent move. I'm still HODL'ing this. Like I said in my previous posts, this could easily be a 900 Satoshi valuation and I'm basing that upon...
$MATIC #MATIC (Update)
Looking Stable But If Doesn't Hold This Support Then It Can Test Support Zone..
Strong Support Region 180-200 Sats
King Not Stable So Alts Looking Risky..
It's Better To Wait For Dip.
After we broke the slanted h&s neckline we tested the .618 area and have bounced up on good volume... but it means nothing until we regain ema supports and we clear the 4 hr crypto ichi cloud.
Bearish - We bounced up to the underside of the neckline and rejected. We are under key SMAs and EMAs. Haven’t hit h&s target at the .886 retrace.
And - h&s volume...
Let's take a look at the perfect bull run example. MATIC Network (MATICBTC) went on a run on Binance generating up to 1068% profits in just 11 days... Let's take a look at the chart:
MATICBTC 12h (720) on Binance
On the 9th of May the all-time low is hit and a new run starts. From this day until the 14th of May, MATICBTC...
If you are looking at this, you know Matic has been flying.
I know nothing of this coin, nor have I ever charted it before.
So just a quick plot, mostly tongue-in-cheek but who knows?
191-192 best not even tested, but if so better bounce like a Super Ball.
279-285 really ought to cause a pullback, but if not then like Holy Cow.
334-347 really ought to burst the...
MATIC very recently got listed on Binance and had more than 150% gain from it's lows but according to my analysis this is just the beginning and another possibly even bigger move is on the works. This trade idea has a great risk reward ratio of 10 therefore the reward is very high for the amount of risk taken.
Matic is in a strong BUY zone on 38% fibonacci retracement, we can enter on 275 with 1st target : 320 after it we can see little correction from 320 to 305~312 and then we can touch the 2nd target: 350 ...
Buy zone : 267~285
Targets: 305 320 340 350 398
1st target (with 16% profit): 320
2nd target (with 37% profit): 350
Stop-loss: below 250
THIS IS NOT A...
Matic may well have completed a 5-wave impulse move.
It is currently at a resistance and logical wave end point.
It is possible to still be in wave III, with IV and V to come.
343-349 is an important fib confluence and possible end of wave.
382-385 would be next strong resistance in case of another push.
282-286 currently looks to be idea re-entry zone if retrace...
This is just an idea, not a financial advise.
I am new to this, so I am trying to identify possible moves based on patterns, Elliot waves and on the news / activity on Twitter.
I have big expectations from this project.