Education

Bullish move in Fibonacci Channel

By umur.ozkul
Updated
It looks like MATIC is again climbing in a channel. LONG Opportunity

On the way up there might be a resistance from SMA50 sending it back to the channel bottom (276 Satoshi)

However, eventually, I expect it to climb up to the channel top (344 Satoshi) (SHORT Opportunity)

And then back to the bottom of the channel (approx 276 Satoshi) (LONG Opportunity)

This is the same climbing channel I mentioned in A Peek to the Past:
A peek into the past


Just a possibility... Curiously watching if the Fibo channel is at work again
Comment
Pierced SMA50/15m
snapshot
Comment
SHORT. I fell down to the channel below. Renko bars are bearish. It was good while it lasted. Now we will see if it forms a higher low.
snapshot
FibonacciMATICBTC
umur.ozkul

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