Matic is at critical support level, many times matic has bounced from its horizontal support level. if support level breaks then next support level will be $0.685. Buy on strong bullish candle stick pattern on lower time frame.
matic is also in a falling wedge like a lot of atls. here is a rough bullish path for matic. the bearish path is break down out of the pattern. we can also see a lot of the alts have a bullish divergence on the daily timeframes.
It's good to buy MATIC for $2.6 and sell 3.8, but it's really nice to buy 2.6 and sell for $25. It seems that MATIC has been involved in midline fork for a few months if it break the price of $4, you can see higher prices for it. Loss limit: $2.3
First profit limit: $3.8
Second profit limit:$25
Trying to determine the a logical target for this to at least take some profits either into BTC/ETH or USDC. I don't see myself selling a large portion of my stack which I plan to keep staking, but at least some. Will have to continue building a thesis. Also there is a news event this week, which I believe will be on the 8th or 9th, where we also have SEC weighing...
Matic broke out the resistance of triangle and moving up for new ATH .
4 targets have been identified accordingly.
ROI of this move is very good
this idea is for educational purpose only.
please share your ideas in comments.
Just a thought. I'm new to this and welcome feedback.
We all understand this is crypto and anything's possible. I honestly have no idea what I'm doing but this crown looking pattern looks cool, so I'm gonna wing it.
Seriously though, there was a lot of support in that last candle and depending on support moving upward we me see this similar pattern unfold.
Traders decision on MATIC is pretty strong. There has been a price movement in zig zag direction but from the traders reaction, we are expected to see a price fall as forecasted in the chart.
Kindly tell me what you think about MATIC and it's recent price trends
I love matic as much as the next person but i think we are at a crossroads here with our recent trend up. The 1.50 - 1.55 zone seems to be heavily suppressed and a potential head and shoulders seems to be forming off of major trend lines. The Iagging line on our ichimoku clouds have turned bearish on the 2hr and looks to be heading that way on the higher time...