MATIC | Golden Cross Potential & Looking Pumpable
Dropping this idea for a good TV buddy here who was about to shart it.
I have no fundamentals atm, just pure TA and hopefully it plays out well for you.
Key Features :
1. Reverse Fib from High
2. 50/200 EMA's heading for convergence / cross over above
3. Pitchfork (theoretical) looking like it wants to fill the upper channel
4. Volume Profile looks a bit supportive and converging with EMA's
5. Market over all in relief mode
For the sharters, I'd look for something a bit higher as indicated by the arrow.
I wouldn't necessarily long this here but I can't say it'd be a bad idea off the 236 reverse Fib, there's a slight reversal pattern / bottom shaping up in there too but DYOR.
Again, I whipped this up on the super fly, totally jammed over here.
* * * Not Investment Advice * * *
Good luck!
I have no fundamentals atm, just pure TA and hopefully it plays out well for you.
Key Features :
1. Reverse Fib from High
2. 50/200 EMA's heading for convergence / cross over above
3. Pitchfork (theoretical) looking like it wants to fill the upper channel
4. Volume Profile looks a bit supportive and converging with EMA's
5. Market over all in relief mode
For the sharters, I'd look for something a bit higher as indicated by the arrow.
I wouldn't necessarily long this here but I can't say it'd be a bad idea off the 236 reverse Fib, there's a slight reversal pattern / bottom shaping up in there too but DYOR.
Again, I whipped this up on the super fly, totally jammed over here.
* * * Not Investment Advice * * *
Good luck!
Trade closed manually:
Just closing this idea out, maybe the cross happens here but I'm not that interested in MATIC. Be wary of these relief rallies especially with FTX shaking out, more dominoes to fall . .
