Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Education
/
Bullish move in Fibonacci Channel
Education
Bullish move in Fibonacci Channel
By umur.ozkul
Follow
Follow
Updated
Dec 10, 2019
5
Cheer
Cheer
1
1
Dec 10, 2019
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:
Just a possibility... Curiously watching if the Fibo channel is at work again
Dec 10, 2019
Comment
Pierced SMA50/15m
Dec 10, 2019
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.
Fibonacci
MATICBTC
umur.ozkul
Follow
Follow
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
.