Price Action (PA): Matic closed above 150 sats. Above EMA 21,50,100,200 periods, Strong uptrend. Bounce from strong supprot at 123 sats.
Potential start of correction to 0.618 fibs level(155 sats), because BTC strong move up.
Pattern: breakout of Descending triangle up.
Indicators: MACD bullish crossover above zero line. RSI above 50 points. Overbought area.
Volume confirm bullish price action.
S/R: strong support at 131 sats, resistance at 175 and 200 sats.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
Potential start of correction to 0.618 fibs level(155 sats), because BTC strong move up.
Pattern: breakout of Descending triangle up.
Indicators: MACD bullish crossover above zero line. RSI above 50 points. Overbought area.
Volume confirm bullish price action.
S/R: strong support at 131 sats, resistance at 175 and 200 sats.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
Comment:
MATIC dumped to 156 as expected 0.618 fibs level and current drawing double top pattern 175 and 174 sats.
Comment:
MATIC achieved target !
