if matic can close an hourly candle above the 0.5 fib fan I have drawn, I will climb to the next Channel and move to push above the .38 fib channel and could make an all time high... maybe even tonight but I doubt it. If it fails to break the 0.5 fib fan which currently would be somewhere in the 0.02925-0.0305 range depending on time, that would spell a rejection...
Hi Artem is here!
Price showing regular double top with bearish divervegence. To trade on retracement I am looking for bullish divergence and rebound to the highlighted levels on the chart!
Entry levels:
0.01548$
0.01064$
Target levels:
0.02270$
0.02725$
0.03490$
It looks like MATIC is positioned to break out again after the big dip. If we have enough VOLUME I think it will continue to go north. If you watch MATIC (as you would expect) when the price stalls, the orders slow down significantly. AS SOON as a green candle starts forming and makes a couple decent positive green moves.. the activity starts multiplying dra...
tell me what you think of this. I don't see MATIC falling below the 0.0165 level and likely not below the 0.618 level of 0.019-0.018. the channel will likely mirror itself as seen in many new volatile coins and also seen in parabolas and their short history following.
the EMA and SMA 20 on the hourly are crossing above the 50 and 100 EMA and SMA. predicting a slight pullback to complete the wave then a breakout of the bull flag to create a new flag post to the upside. Target 0.048. Timeframe: next 1-3 days granted BTC doesn't fall apart. Pullback may drop as low as 0.0185-0.0225 as market depth is very even ATM.
Matic / USD Short-term price analysis
Matic Network has a bullish short-term trading bias, with the cryptocurrency gaining strength above its 50-period moving average on the four-hour time frame.
The four-hour time frame is showing that a potential head and shoulders pattern may be in the process of forming if buyers fail to break the current monthly trading...
currently the 0.5 holding. If this doesn't hold, wait and see if it bounces or falls through the 0.618 as a fall through this level would indicate that there is nothing stopping the price from dropping down to 0.012 which would be a HUGE retracement and I believe after that it is off to the races again with not as much insanity.
I see a bull flag forming here. Once we break the pattern, it is likely we will create a new flagpole with another huge 50% moonshot in a small frame of time. Be ready! Also I see this diving down to 0.02-0.0225 before recovering so DO NOT buy in now at almost 3 cents.
