It seems ATOM, ALGO, MATIC, all the Binance IEOs have been garnering some momentum. And at present moment MATIC has the best looking chart that has not broken out already. If it can break and hold above the current marker $0.0267, it has potential to reach for the higher fib targets. Additionally it has created a large ascending triangle that has a measured move...
potential exists with matic
it trades on many exchanges
volumes are good
the potential is available for the a break up through major resistance
the triangle break may give us an indication of the direction that matic is likely
Matic is a long here, no question about it. Little rule i have with cheap coins is to win big off a little. Go big for short term gains, on something like Matic and you will not have many trades left in your trading career . You do not need to risk big to win big, all you need is time.
Here are some fundamentals to explain the breakout.
On June 29th Matic will offer Mainnet staking.
A major utility for MATIC Token went live today, MATIC Tokens are used to pay gas fees on MATIC network.
A percentage of every MATIC transaction will be burnt.
MA200 retest on the 4h chart with no volume, with a soon to be death cross, this is not looking good FTX:MATICPERP , the mainnet hype seems to have been over a long time ago already.
Entry: 0.02052
Target: 0.01856
SL: 0.0210780
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This is fairly new coin, aka not much bacground on chart, but fundementals are great. I'm sure this project will find a place in future of crypto market.
Possibly wave 3 is starting soon.
HOLD mode on. A good stop loss would be going below that triangle probably.
WARNING! I am not a financial advisor. I am just learning technical analysis.
You DO NOT have my...
