Proposing potential ADAM and EVE formation on this one, with EVEN formation almost complete in the form of CUP. Best is to see price formation at the top level of the cup. Strong correction is expected to test at least our immediate support zone before further rise up.
One thing is for sure, MATIC went straight to the moon without stop.
This is a 101% parabolic move as no support is built during its uptrend.
Stay away from this coin, Do not buy or you will get rekt when the ship starts to sink.
The best we can do is to watch and wait if he can hit an all-time high price.
(sorry for my english)
1. Price Grow and Volume downing
1.1. Each next wave is weaker than previous
2. Price Grow and RSI (4h) downing (and has triangle structre).
2.1. RSI (Daily) has 3 peaks over 80
3. DMI Indicator (Daily) has history max (DI+), history min (DI-), history max ADX. This strong short signal.
4. Domination Bitcoin above 65-66% in the last three...
Compared to the last parabolic run for $MATIC I do believe that there is still significant upside to expect.
Price is respecting already a very steep trend line up and for now no exhaustion can be seen.
The run might last another week, until the Coinbase-listing rumour finally gets resolved...
Trade safely !
just ignore whatever whoever tells you about the potential of this project and it's gonna be 1000x in few years, it's all horse shit. Everything corrects and the sharper the rise, the sharper the correction.
MATIC had a really good rise till now and now we are at the top of the rising channel, mental force on 500 sat price and previous high RSI was about 0.82. Everything fill good to short it and our S.L will about 510 sat. Our buying price will about 450 sat at least and we will keep an eye on it for better price and our selling price...
Not much to be said.
Just another shit coin that has ended its wash & trade / pump cycle.
Now is time for beras to ripe the hefty rewards.
Recommended is 10X no more then that. It had a history of a last big spike before it died. So it might repeat again.
Enjoy & lets sell & short this indian scam.
Unstoppable, 150% up in less than a month
Currently crossing over ~430 sats resistance & trying to flip it
If happens we will probably see new ATH for #MATIC
In any case, make sure to have proper SL to lock profits, because at some point IT WILL retrace!
If you are crypto trading, Smart-trade from @3commas_io is a MUST for you!
Being able to set Stop...