Once again, I made a more detailed recount of wave levels for MATIC. Apparently the impulse structure in the big wave 1 or A has already ended, and now the correction in the big wave 2 or B continues. I considered the coin earlier to open a short position, but I decided not to rush and wait for the first signs for the price reversal. I am not sure yet that the...
Looks quite bad. Already explained my bearish bias in another post.
I'm sharing with you another great trading plan for medium-term position holding and local trade planning for MATIC coin. In the medium term, the correction in the form of ABC pattern (in wave B) is probably completed. At the moment the impulse structure of wave 1 is already forming within the big C wave. Locally, the price took a timeout for the correction in...
i see a bat pattern Any increase in the price will be an opportunity to sell short This is my vision
As you can see here in MATIC, will see if it follows the magic lines or not. THE 1Hour chart shows that MATIC has done one failed swing till 100SMA and felll so will it again go the same or be a supernova here? WIll it be able to hold the 100 SMA or get reversed back from there as showed in chart? Or may sell trap? OR what about a buy trap? I think a Buy trap is...
MATICUSDT was in a distribution range (yellow area). Yesterday it broke down and never retested. Today we might restest the 0.567 area. If we get a bearish reaction, I will take the short.
Use your RR correct and don't forget to use stop loss!
Welcome to this quick MATIC/USDT analysis. I have tried my best to bring the best possible outcome in this chart. Reason for trade:- MATIC looks like it gonna break out the falling wedge pattern. If you'd added the position at our call then you're very minor profit. We recommend moving Stops to just below swings as the market may reverse anytime. Remember:-This...
Hello everyone, let's take a look at the MATIC to USDT chart over the 4 hour timeframe. As you can see, the price is moving below the local downtrend line. Let's start with determining the stop loss that we should take into account in the short term and, as you can see, we can set the following stop loss: SL1 - $ 0.629 SL2 - $ 0.597 SL3 - $ 0.557 Now it is worth...
#MATIC | USDT It does look bullish so far, a few resistance to take out, possible final wave till $1.4475 where we will be looking to short it. - Strong Supplyzone @ $1.447 - We can set limits their as MATIC approaches the zone. - Invalidation of this pattern above $1.477. - Correction Waves till target (iii) or maybe more if we doesn't hold. - Setting up alerts...
Matic has formed descending triangle pattern on a Daily timeframe which is a bearish pattern however the crucial support is 1.1314 if this breaks below then we might see MATIC under a dollar and that might be the opportunity to fill up more.
MATICBTC analysis on daily timeframe: MaticBTC is situated into a rising wedge which means a breakdown from this channel will happen. Now is sitting exactly on the support line RSI is going down which is a sign that bulls are exhausted and also you can see a big bearish divergence (Price vs RSI indicator) MACD +611 which is very much and it s still laggish. The...
Hello, head & shoulders reversal pattern is forming in the MATICUSDT chart. Since the price is going up and it's a reversal pattern there is a possibility of changing the trend to the downside. MATIC short targets: 1.85, 1.6, 1.35. I'll move my stop loss to the entry point after the price reaches the first target. Not financial advice.
Chart is self explanatory. Regression Trend set at 2 Stan Dev. I am short for trading but long for investment. I currently don't see the major H&S playing out unless the entire crypto market shytes the bed. The first one worked like a charm. Loved how this has held up, relative to the alt coin spectrum, over the past month but seems to be losing it's staying...
as the market is so bearlish , i think this senario is going to be happen.
Matic has formed a nice Rising Wedge top formation, where after a sharp selloff which marked the first top price slowly climbed towards it for almost 6 months. Also we have a nice false breakout above previous ATH, which wasn't accepted by the market. We can expect a breakout of support trendline to the downside, and after retest of it we can expect price to...
as we mentioned we got buy position as corection for down trend now just set limit order and leave it good luck
Price action and indicators: BINGX:MATICUSDT is at the top of its macro ascending wedge 🐻 Swing failure pattern at key resistance level 🐻 Divergence for Many Indicators confirmed bearish divergence on the HIST and MOM 🐻 Stochs are frying 🐻 PMARP overheated, not where smart money is accumulating 🐻 Risk management and targets: Matic must close above 2.78...