As I said in my last post about MATIC, MATIC would come down to the 1.65 to 1.55 level, which it has. This level is a high demand zone for MATIC. We have been consolidating here for the past few days. I am sure many of you are aware that the market has been looking bearish recently with many traders predicting BTC to drop to almost 52 and ETH to drop to around 3500 to 3200. But remember these are only predictions. No one can correctly predict what level something might fall to. Always remember price action, supply and demand zones, repeated pattern breakouts are king. Rights now MATIC is at a big demand zone and is about to breakout of a triple bottom on the the 4HR. Combined with the fact that many other Alts having bullish reversal setups, (Bullish divergence on LUNA, BCH, DASH, LINK, BAND, ADA AND SO MANY MORE!) I think we have reached the bottom of this particular dip. ETH is struggling to go below 4000K, ( a whole number psychological level, a place where many buyers have setups limit order) and Bitcoin Fear and greed index is also at 33 (twitter.com/Bit...107585008181251?ref_src=tw...) are reasons why I believe we will not dip further. There is a saying in the equities market, be greedy when others are fearful, in my opinion this is that time. My stoploss for this trade is 1.52.
Trade safe and remember. The market does not care about you!
Trade safe and remember. The market does not care about you!