Here is what I believe will happen with MATIC after its parabolic run of 1200% growth. MATIC has thus far stopped at each fib retracement and is now breaking the 0.5 and should find support as sell volume is slowing down. Support will likely be at or a few percent above the golden 0.618 fibonacci somewhere between 0.0205 and 0.018.
IF this plays out as a head and shoulders pattern, the breaking of the neckline along with the 0.5 fib could take us back to the 0.618 fibonacci. this drops us to 0.023 give or take. if support at the 0.5 fib holds and we get a bounce or rise above the 0.382 I believe we make a new ATH over 0.045 within 12-36 hours. If not, sell what you have and enter in a new...
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...
still holding the support line drawn yesterday and passing 0.04$ now. Will see resistance at previous high of 0.045 and before the psychological of 0.05
Looking good. Set stop loss at the 78.6% (1st fib retracement)
Fib was taken from market bottom a couple weeks back to ATH of 0.045
next take profit will start at 0.045 the ATH from last night and extend to 0.49 just below the psychological level of 0.05
As you can see we have ever so slightly dipped for a short period below the 0.236 but quickly bounced back to hold support above 0.037. Setting stop limits at the next fib. Fib measurements taken from bottom of parabola that started 3 days ago.
this is only the beginning folks! I see this coin going a total of 100-1000X as it is a unique and amazing project worthy of a top 10 market cap! Long for 1$ per coin extrapolates to 35X gains from here!
looking for a second bull flag just like the one we saw today after a healthy retracement and support found at the 0.236 FIB from the start of this parabola a couple days back. target zone for take profit between 0.036 and 0.038 with profit zone extrapolated up 0.236 from current price. resistance will be seen at 0.034 as we near our ATH of 0.035... After 0.035 is...
as you can see we bounced off of the 0.5 fib and are working towards overhead at the 0.38 and 0.236 before profit taking at 0.034$-0.036$.
fib is based on uptrend start today to ATH of 0.035$ earlier this morning. re entry target around 0.032
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,...
Overview
Matic had a nice run - even performed well during the Bitcoin dump.
Nice confluences:
1. S/R flip at 61.80% Fib level
2. Big Demand zone and OTE (70.50%)
Two short-term plays
Dont forget:
- Watch your Risk management
- Bitcoin has an influence on all Altcoins, be aware of movements there
- DYOR (Do-Your-Own-Research)
Please consider:
This information...
Slope is clear with resistance becoming support.
Wait for retracement to green line.
This represents the slope down to May 10. If we hold this we will be stepping up this downtrending slope .
Enter about 0,00900 Stop about 0,00850
Take profit : to be determined
