Long
MATIC in a perfect world
If we can make this bounce and confirm Daily support with another green candle, could be entering wave 3. Only in a perfect world would MATIC follow such a path.
There was a bullish divergence on the 1HR chart. Had a nice bounce once it met with support of the descending wedge. MATIC is still very bullish, don't let the down price action fool you!
There was a bullish divergence on the 1HR chart. Had a nice bounce once it met with support of the descending wedge. MATIC is still very bullish, don't let the down price action fool you!
Note
Lets go over to our 4hr chart for an update.Note
Altcoins are taking a huge beating after news of Binance blocking US traders from trading on their platform. MATIC took a huge hit and is looking grim, unlesssssss of course MATIC gets listed on Coinbase. Only then can it be saved.For now I'm stepping to the sideline with a stop loss in case of Coinbase listing. Here's an update on current state of MATIC
How far can we go?
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Posted wrong URL in the picture above sorry This is what I meant to post
https://phttps://www.tradingview.com/x/TSa2k8t7/
Note
Note
An update on MATIC Here we go to our Daily to get a perspective on where its going. Unless we break above our EMA's (yellow and purple line) and downtrend resistance(red dotted line), we could see 175 sats.
On our 4hr chart we have our bearish MA crossover. First the 1hr Deathcross now we're seeing our 4hr deathcross. Bear signals all around, EMA's still showing downtrend and acting as resistance.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.