MATICUSDT | Preparing for a Bullish Movement
Updated
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This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
On the H4 time frame, BINANCE:MATICUSDTPERP a.k.a POLYGON seems to have formed a higher peak and closed above the 90 EMA . This condition has the possibility of strengthening with a note that MATICUSDT is able to break through the Higher Peak that was previously formed and close above the area which I marked with the Critical Point (1,465). This is also reinforced by evidence that the Higher Troughs formed coincided with the 0.382 Fibonacci Retracement ratio level.
If these conditions are met, then MATICUSDT has the potential to strengthen up to the 1.56x level which is the 1.0 Fibonacci Extension ratio area.
Follow me for next update
___________
Best regards, riandwip686
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
On the H4 time frame, BINANCE:MATICUSDTPERP a.k.a POLYGON seems to have formed a higher peak and closed above the 90 EMA . This condition has the possibility of strengthening with a note that MATICUSDT is able to break through the Higher Peak that was previously formed and close above the area which I marked with the Critical Point (1,465). This is also reinforced by evidence that the Higher Troughs formed coincided with the 0.382 Fibonacci Retracement ratio level.
If these conditions are met, then MATICUSDT has the potential to strengthen up to the 1.56x level which is the 1.0 Fibonacci Extension ratio area.
Follow me for next update
___________
Best regards, riandwip686
Note
After several time, its look like MATICUSDT can't close upper the critical area. The price tried to broke it but ended with three times False Break, and then continue the bearish trend.___________
Best regards, riandwip686
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