If Matic can get above the 0.5 Fib at 0.02875 we should be looking at another run. currently in the past couple hours, we have been rejected by the 0.5 FIB but are holding support at the 0.618 golden FIB. Lines are drawn starting at parabola (see 1.0 fib retracement line)
We had a very strong rise these last weeks following a performance much more important than the other cryptos.
After an accumulation zone, we can think of a volume recovery.
Investors are waiting for a break of 0.3
The next hours will be decisive for the medium-term trend.
pretty self explanatory. Obviously try to catch the mid day dip around 0.02-0.024 and ride it out. This is an amazing project and worth the hype as well as the insane volume it has seen.
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.
