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...
Looks like the 3rd pennant is forming since yesterday. Each time its broke out and up. Following up on yesterdays chart, MATIC is up 80% on 24 hrs. How far will this rocket go??? If have positions at .021 and .032, right now I feel like my target is between .16 (5x) .32 (10x).. but that could change depending on how this unfolds. There's really no way to be sure...
I've been watching MATIC for a little while. It has had some exciting gains in the last week.. Even when most other markets headed south in unison during a period of the day, Matic was still up considerably on the day . This morning when I got up it was up 8%, fast forward an hour or two, now up 21.6% in the last 24hrs. I'm not positive what is driving this surge,...
Matic prevision, end of wave 2 about to be confirmed soon? 100 EMA and 50 MA are right there waiting on the 50% fib retracement around 0.02269 and 0.02355... Also 123.6% of C retracement is at 0.02276.
My most common target for a wave 3 would be 261.8% fib at 0.04840 and 161.8% at 0.03860... and if Matic is angry... 476.4% fib at 0.6943. Cheers!!
TA: Almost a full fib retrace + support line retouched + diag holding.
SA: Sentiment of IEO's not the greatest, playing off of CZ making #altszn remarks
FA: Fundamentals don't matter when you chart in USDT and $BTC is on a tear.
Don't play on holding this very long, might be intra-day.
Global view MATIC/USDT
- formation of a large symmetrical triangle
- Feels great fib levels
- volumes began to grow
- preload of the blue zone (strong level + Fibo 50% + triangle resistance)
- good risk / reward ratio
- positive news background around the project, increased interest is possible due to the expectation of a new ieo on binance
Who is in position,...
MATIC last wave down is in approach before. Be ready for a drop and a potentiel big bounce for wave 5.
0.01900 is a great buy zone. I would consider also 0.02020. . 0.01454 and 0.01234 are the 2 last entry lines.
Invalidation point is at 0.01119
Why Matic ?
- Matic network Fundamental Analysis: youtu.be
- Facebook Libra coin will probably need Matic to run on: youtu.be
- One of the Binance IEO (i.e. ICO) so it’s still have a lot to run, resting at 2cents with a big potential to run up to 20cents imo.
- got listed on Binance for 50 Sats and ran...
after losing key support around 0.02-0.019, MATIC's next level of support lies between 0.015 and 0.012. The psychological level of 0.015 should hold for a little while at least. 0.012 is the last high volume level seen, thus a great buying opportunity given this platform is actually a great long term idea for crypto as a whole. MATIC should see 0.10 within 3...