MATIC Network Continues Strong | Challenges EMA100 Next!

MATIC Network (MATICBTC) continues strong after our analysis shared on the 7-August. The low has been maintained, we are seeing slow and steady growth.

Previous analysis:

MATIC Network Breaks Descending Triangle... 150% Profits Target

Now, we are getting signals that MATICBTC can move higher, let's take a look at those:

We are seeing a bounce after a potential higher low.
MATICBTC moved above EMA5 and EMA10, the daily candle is still active and needs to close for this signal to be confirmed.
Challenging EMA50 (0.00000139).
Volume starting to increase.
RSI strong and bullish above 50.
Next target is EMA100 (0.00000158) if EMA50 can be broken.

The chart is bullish and bullish potential is dominant with MATICBTC trading above EMA10 (0.00000133).

Conditions for change: If MATIC's price moves lower and closes below 0.00000120, the above signals are invalidated and we are very likely to test the next support. A new analysis is needed.

Any questions?
Use the comments section below.

Namaste.

Note

Note

TARGET:

(1) 0.00000126 (+9.5%)
(2) 0.00000138 (+20%)
(3) 0.00000154 (+34%)
(4) 0.00000171 (+49%)

Note

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