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.
I received some free MATIC the other day from Binance so i figured I would share my view. I sold my Matic at the top of this channel as i'm expecting some pullback as it's hitting some resistance. if it breaks and confirms maybe i would reenter but i'll wait for a pullback for a better entry.
Did i make a lot of money? No :). Received 20 USD in Matic sold for 25...
MATIC
We have our first bullish div on the 4H, however I still believe it's too soon to long.
I layered the overhead resistances in white in case I'm wrong and it moves up from here; they would make good take-profit areas.
Matic btc analysis using Elliott wave and harmonic and gann and some of techniques analysis
BUY ZONE: 62~64
Short term TARGET : 68~72~75
Mid term target : 85
Stop loss close one candle 4 hour below 60
