Triple falling wedge. I know its early but it looks to be forming a falling wedge.
Matic has produced a little bull flag post falling wedge, upsides expected. A rounded bottom can also be observed. Included Fibonacci retracement levels.
Another falling wedge can be observed following a large falling wedge produced after a large drop in a short time frame.
MATIC/BTC MATIC is the most lovable coin today, the price pump 60% and dumps 25%. What can I say about this? Well, Market Makers loves to play with dumb money entering the market. This 60% move up is crystal clear relief rally which is only short-lived. I expect the price to rest the previous low at 180 sats. Be cautious, this coin is unpredictable.
As you can see MATIC has broken out bullishly of the falling wedge formed due to the sharp drop that occurred. 0.236 is a possible resistance point for this bullish breakout, if this is broken MATIC will push higher.
4th largest coin by volume on Binance. If you are not trading this coin, you are missing something. After big pump & dump about -70%, it has broken its HTF MS structure. I am looking for shorts now as areas for re-tests. Right now MATIC is very overbought and should have some "smaller" retracement (-10-17%) down to strong support (LTF MS Bullish break) which...
MATIC/BTC MATIC broke the downward trend-line resistance and potentially ready to set up a new higher high. If the price can hold above 206 - 185 sats, there is a high probability to break new local highs up to 300 - 350 sats area.
As you can see MATIC experienced a severe drop to the upward trend line but then rebounded ~100%, dead cat bounces are a great way for swing traders too make money if they are paying attention..
BUY ENTRY ENTRY 1 .01380 ENTRY 2 .01200 SL .005 TP.1 .01500 tp.2 .0200 tp.3 .0300 tp.4 .0400
MATIC/BTC MATIC drops 73% from the top and price bounces perfect at the ascending trend-line support. With this kind of price action, it usually follows a relief rally to retest the 0.618 resistance. Many will get caught up unguarded here thinking the downfall is over. Whales love to play with new traders, trade wisely and don't get FOMO.
At the time of writing, MATIC is trading down over 50% at its current price of $0.018, which marks an astonishing retrace from its recent highs of $0.042 that were set just a few days ago. This latest drop was incredibly sharp and sudden, and happened over the span of mere minutes. This movement erased tens of millions of dollars off of MATIC’s market...
MATIC/BTC OMG!, like I told you from my previous post about MATIC. Do not buy or you will get rekt when the ship started to sink. Whales are so happy dumping this coin, I'm sorry for those who bought at the top. We will have to forget this coin again for a couple of months.
MATIC Flash crashes to uptrend line, honestly I have never seen a move like this in my two years of trading, such a sudden drop, difficult to make any predictions of next price movement. Remember to all MATIC longs its only money! Posting this for reference in future.
MATIC/BTC One thing is for sure, MATIC went straight to the moon without stop. This is a 101% parabolic move as no support is built during its uptrend. Stay away from this coin, Do not buy or you will get rekt when the ship starts to sink. The best we can do is to watch and wait if he can hit an all-time high price.
MATIC/BTC-It moved 200%+ since August'2019 and needs to cool off(Retrace) a bit before continuing up. Red bars could be area of interest for Scalp SHort while Green bars would be building longs.
IF YOU FOLLOW ME I SHARED THIS THE 19TH SEPTEMBER AND CLOSING AND SELLING MY BAG NOW. I COST AV AS USUAL AS U CAN SEE IN ALL MY POSITIONS IM CLOSING MOST OF IT, STILL ABOUT 20 POSITIONS TO CLOSE. KEEP CHECKING AND CHECK PREVIOUS CHARTS
Long priority is here.
Priceline of Matic Network / US Dollar is forming a bullish Gartley pattern and soon it will be entered in potential reversal zone insha Allah. Do use the potential reversal zone as stop loss in case a candle stick closes below this PRZ area. I have defined targets using Fibonacci sequence as below: Buy between: 0.2691 to 0.2629 Sell between: 0.2740 to...