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!
Up down middle...who cares - I trade with confirmations and dollar cost averaging.
Please note that I am not your financial advisor and this is only my opinion on the current market patterns
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
MATIC is an interesting coin.
Backed by Coinbase Ventures
Since early May, it's up over 600%
Fairly high circulation of 2,160,114,068
Highest BTC paired volume on Binance by a long shot
You can see from the common patterns it's formed, it appears to be quite a predictable coin. Bull flags have ended with breakouts. Bear flags have ended with a fall....
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...
Matic/btc analysis now matic are going down to 125~107 we are waiting it to buy from it i will update the analysis when we are arriving the targets to buy it or not (:
MATIC
Clear bearish div here on the 4H; so far the volume doesn't support the case that we'll break R1 to the upside here.
I would like to see S1 support hold on a retest, maximum S2 below.
If we break to the upside, final target would be R2 at 199.
Matic/btc now are going to visit 139 Satoshi for some reason
First reason we are now in the 5th wave in the Elliott wave
Second reason we have a head & shoulders
Third reason now we have a harmonic pattern that show we are going to visit 132 Satoshi
So the buying zone should be between 139~130 Satoshi
And if the price down to 103 we will buy again
Target...
MATIC very recently got listed on Binance and had more than 150% gain from it's lows but according to my analysis this is just the beginning and another possibly even bigger move is on the works. This trade idea has a great risk reward ratio of 10 therefore the reward is very high for the amount of risk taken.
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
MATIC is going to see a correction in a near future. If the overall movement is a BULLISH and this was not just a random jump and dump, the next resistance would be 0.6 Fib.
