MATIC/USDT : Should I hold MATIC ?
BINANCE:MATICUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if your share your opinion on this post and hit the like button if you enjoyed it !
Recently #MATIC bounced above the resistance zone and retest it.
Also it just retest the bearish trendline above.
Now it had 2 failed attempts to break above, But the lower breaker zone has changed the bias for #MATIC.
If MATIC hold above this zone, Then there will be a high chance for #MATIC to break above the trendline.
Also Volatility didn't retest the buy limitation zone for a while now.
- Have to mention that #MATIC has formed a rounding bottom, Also we can call it as an ADAM & EVE formation if we spread them.
📚 There's a bullish flag on 3Days timeframe too :
As you can see the bullish flag has formed and the flagpole is around $2.12.
Also the EMA50 is supporting the movement and EMA100 has reached the support line on the lower levels, EMA200 is reaching the major support zone.
On other hands, Based on FIB's retracement, #MATIC has retraced to 61.8% FIB's level and it's ready to achieve the new highs !
On the most of the views, Except Elliot; It's on bullish bias, So you can add it on your watchlist to have more pairs to choose for your positional trades.
🔴 But have to mention that, If #MATIC rejects below the breaker zone; It'll reverse into bearish bias for while again.
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
Helical_Trades
Hello everyone 😃
Before we start to discuss, I would be glad if your share your opinion on this post and hit the like button if you enjoyed it !
Recently #MATIC bounced above the resistance zone and retest it.
Also it just retest the bearish trendline above.
Now it had 2 failed attempts to break above, But the lower breaker zone has changed the bias for #MATIC.
If MATIC hold above this zone, Then there will be a high chance for #MATIC to break above the trendline.
Also Volatility didn't retest the buy limitation zone for a while now.
- Have to mention that #MATIC has formed a rounding bottom, Also we can call it as an ADAM & EVE formation if we spread them.
📚 There's a bullish flag on 3Days timeframe too :
As you can see the bullish flag has formed and the flagpole is around $2.12.
Also the EMA50 is supporting the movement and EMA100 has reached the support line on the lower levels, EMA200 is reaching the major support zone.
On other hands, Based on FIB's retracement, #MATIC has retraced to 61.8% FIB's level and it's ready to achieve the new highs !
On the most of the views, Except Elliot; It's on bullish bias, So you can add it on your watchlist to have more pairs to choose for your positional trades.
🔴 But have to mention that, If #MATIC rejects below the breaker zone; It'll reverse into bearish bias for while again.
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
Helical_Trades
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TELEGRAM :
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Instagram ( Persian - فارسی ) :
instagram.com/helical_trades/
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