MATIC is ending ABC correction and right now is in Buy Zone / Support, what is great opportunity for buy MATIC before next +20% - +50% profit ! :) In chart you can see many targets. Take profit from 1 to 4 are basic Fib. retracements. Fifth Take profit is Long - term target between 245 - 255sats because there is lot of Fib projections. Stop Loss, Take profits, Buy...
What could go wrong ? The biggest players in the market are backing it.
I don't really like the project it self, but I like the companion.
Matic marketcap is at 29M today. I bet this can fly to at least 290M over to 1B+
Here we have another easy and low risk play on Matic. Currently, this significant support line in green is being retested from the previous surge upward. If price closes above this horizontal line, expect another push towards higher resistance lines. If the price closes below this line you can assume price will return to the green paralell channel...
Today’s chart update will be on MATICBTC where it is approaching its apex zone, a move is imminent. Price may put in a macro higher low and continue this Bull Run or we may see a breakdown from local support, negating market structure.
Points to consider
- Trend overall bullish
- Structural support in confluence with .50 Fibonacci and 200 hourly...
MATICBTC has been fairly stable following the early August bottom and last week posted a strong rise that almost reached the June 30 High. The 1D MA50 was a Resistance then and it has turned into a Support now. This appears fairly symmetrical to me and the fact that it is now pulling back makes me believe that the pair is after its Fibonacci levels. Next targets"...
MATIC potential retest 175 price level, slowly grid down before next leg up. MATIC closed above EMA 21,50,100,200 periods still uptrend. Really strong support for MATIC many times tested was 123 sats level.
MATIC can retest double top area between 207 and 215 sats.
Indicators: MACD bearish crossover above zero line. RSI above zero line. First correction sign....
Buying More #MATICBTC
We are already long and will buy more on the dips or breakout above 177
146-156 Buy Zone
219-226 Target 1
334-345 Target 2
Long Term Target above 1000
Close manually if Trend breaks down
It is no surprise that MATIC Network (MATICBTC) is moving with good strength and momentum... This altcoin pair has been consolidating for long.
Below you can see our previous analysis which mentions this move that is happening now:
The rest is simple......