MATIC's Massive Bullish potentials and Expected pullback!
Updated
Hi every one
MATIC/USDT
MATIC/USDT has been ranging in a Descending Channel and now It has managed to break out of this channel! this is a Great bullish sign. so now we have other bullish signs and a bearish sign ! as you can see there is a Hidden bearish divergence (-HD) and a Regular Bullish Divergence (+RD) on MACD Indicator and also a Bullish Cross As well.(MACD line is above the Signal line) .this can only mean One thing, since there are more bullish signals and that the signals are stronger, the price must do a bullish Movement but because of the bearish Divergence (-HD) we must expect a Pullback to the channel and after that the continuation of the Bullish Movement! there are also some Resistance levels shown on The chart as well. (1.60$ and 2.20$)
summery:
-MATIC has broken out of a Bearish channel
-Divergences suggest a bullish movement after a pullback
-there is a Bullish cross on MACD (MACD line above signal line)
-resistances are 1.60$ and 2.20$
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
MATIC/USDT
MATIC/USDT has been ranging in a Descending Channel and now It has managed to break out of this channel! this is a Great bullish sign. so now we have other bullish signs and a bearish sign ! as you can see there is a Hidden bearish divergence (-HD) and a Regular Bullish Divergence (+RD) on MACD Indicator and also a Bullish Cross As well.(MACD line is above the Signal line) .this can only mean One thing, since there are more bullish signals and that the signals are stronger, the price must do a bullish Movement but because of the bearish Divergence (-HD) we must expect a Pullback to the channel and after that the continuation of the Bullish Movement! there are also some Resistance levels shown on The chart as well. (1.60$ and 2.20$)
summery:
-MATIC has broken out of a Bearish channel
-Divergences suggest a bullish movement after a pullback
-there is a Bullish cross on MACD (MACD line above signal line)
-resistances are 1.60$ and 2.20$
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
Trade closed: target reached
Comment
update
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