MATICUSDT is inside a descending channel and falling wedge. The price is testing again weekly (and very important) structure.
IF the price will lose weekly support we can see a new bearish impulse.
IF the price will break the falling wedge and turns the daily resistance as support According to Plancton's strategy, we can set a nice order
Today’s Analysis – MATICUSDT- trading in a falling wedge pattern where a break bullish is probable.
Points to consider,
- Price Action Apex
- Local S/R Resistance (.382 Fibonacci Confluence)
- Daily S/R Support
- Oscillators Neutral
- Low Volume
MATICUSDT’s immediate price action is trading in an apex, a break will be imminent. The...
✅What is Matic Network (MATIC)?
Scalable, Instant, And Secured Transactions for Blockchains.
Matic Network is a layer-2 scaling platform that enables fast, easy, and secure off-chain transactions for not only payment transactions, but also generalized off-chain smart contracts.
Some of its key features include:
1️⃣Scalability: fast, low-cost and secure...
As we can see :
- heavy resistance at 0.01950$
- bullish movement
- resistance from EMA 20-55
- being bearish in Stochastic RSI
- holding upward movement in RSI
- double bottom
If MATIC break 0.01950$ resistance and take hold above it then there is a opportunity to open long position on it !
If MATIC reject from...
I am neutral about MATIC while EngineeringRobo remains bearish.
If you are holding MATIC right now, you should be watching closely to see if the candles break back up or break below the support level 0.017. IF they break below the support level, you should sell after the open / close confirmation.
If you are interested in buying, if the candles break up and open...
I see 2 patterns on the 4 hour chart for MATIC.
The first one is a ascending triangle and we are currently at support.
The second is a sideways channel and also at support.
Since we are at major support we need to see a bounce from here or we might fall through support back to the lows.
MATIC is in a bull flag which is a bullish pattern that has bias to break upwards.
Buy in the flag.
Take profit slightly below $0.025
Leave when the flag bottom line gets broken.
RSI has printed a falling wedge.
MACD selling wave is getting weaker.
Found support at 20 EMA.
Resistance area, now support.
Ideal buy is $0.02
Good luck with this trade!
trading some MATIC USDT.
Everything can be seen on the graph, hidden divergence is possible when we look at the oscillator.
The goal is harder to rate at MATIC, for now I would say around 0.034
Possible profit of 25%
Just my opinion.