Matic and Gann Box
Posting for a friend.
No comments on this today. Not trading advice. Do your own due diligence.
No comments on this today. Not trading advice. Do your own due diligence.
Note
OK! This Gann box is busted. The breakout is happening tonight. Whether we are looking at prices on FTX or Coinbase charts, both all time highs were broken today with the close at 4pm PT of the candle. Thus, we are back on the more aggressive trendline that I was looking at earlier this fall but abandoned for a more conservative trend line. This is really exciting! Cheers to those who have been holding since/before May. Cheers to those who bought this summer at 0.60 or 1.00. Cheers to the suckers like me that bought at the top on May 18. Let's see what happens next!!!Note
PS: take a look at Cartesi CTSI.Note
Waiting until 4pm PT to see where the price closes. Until then here's some fun and weird technical geometry things I saw yesterday in Matic. The 100 dma intersected the 0.5 Gann, the 200 dma intersected the 0.382 Gann, the 50 dma intersected the 0.618 Gann and the 20 dma intersected the 0.75 Gann. Based only on how I drew the box of course. Can anyone explain that?Note
I think that was a false breakout and fakeout on Dec 26. The trendline up to Jan 30 still looks really good and intact. But one month of action is a long time with many more chances for extremes. I will stick with it for now. Past Jan 30, I probably won't have the patience for this coin.Note
Pretty rough to be holding Matic. But the good news is its still in a confirmed uptrend and the Jan 30 date looks good to me. If you push PLAY on the chart you'll see what I mean. 27 more trading days will suck no doubt. More chop and slop. But it looks like the 50dma is moving towards the 0.75 Gann and the 200dma will cross the 0.50 Gann on Jan 30. Best of luck to all those hoping to see Matic reach all time highs.Note
I think Matic price action still looks good to breakout on Jan 30 based on this Gann Box. Today was nuts in the stock market. The deep plunge followed by the sharp rally. Tesla finishing up 3%. Bonkers.Note
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