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MATICBTC

MATIC Network Moving Within Ascending Channel | Path MappedMATIC Network (MATICBTC) is trading within an ascending channel and gaining momentum to the upside. The chart for MATIC is completely bullish but a retrace might be coming up next. We can see that MATICBTC is reaching the upper side of the channel as well as bearish divergence showing up on the MACD and RSI. Prices are moving higher and things are looking good but remember that the markets move in waves, so each time there is a wave up, the move that follows is a retrace. Previous chart: Namaste.
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by AlanSantana
1
MATIC/BTC Golden CrossIt's hard pressed to find a coin or token that can see possible gains in this current market, but the MATIC/BTC chart seems to stand out. Firstly we see a golden cross that took place on Nov 21st, where the 50EMA crossed above the 200EMA. We also see that the 100EMA seems to possibly want to cross above the 200EMA as well. Generally when Daily EMAs cross above each other we see Algo Bots buy, giving positive momentum for traders and hodlers. Secondly we see that other daily indicators verify bullish momentum, the MACD shows buying pressure and the RSI shows bulls in control. Now in the short term a pull back is always a possibility which would present as a buying opportunity, this can be offered if BTC pulls back "crashes" again, or if the resistance levels is to strong. Currently BTC is moving sideways which allows for alts to recover/rise though our resistance at 196ish sats seems a little strong. We could see MATIC bounce between 165-196ish until the market improves. Fundamentally the MATIC project has a lot going for it, we have a main net coming soon and many projects already experimenting with using the technology. In my opinion with MATIC being a Binance IEO and Coinbase investment it makes me think that the big players in this space see MATIC as one of the best if not the best scaling solution for Ethereum. If MATIC can break 196 sats then we may see a move to 213 and then possibly to 251 sats in the short to medium term. I really find the consolidation on this chart to indicate accumulation which is very healthy. Not financial advice but I have out lined key resistance and supports on this chart shown as yellow lines that can be followed to the right of the chart for the exact satoshi value. I always use a stop lose in this type of market because if BTC continues his decent to 6k he will bring the market with him. This play is more inclined to provide satoshi gains than USD unless BTC can consolidate and push upward in which it could possibly be both Sats and USD gains. Personally I hold a good amount of MATIC which I will never sell because I see the ecosystem growing and I want to be part of it.
MLong
by Tachycardia
$MATIC, Wait for a flip over ~168 sats for a potential entry$MATIC Seeing a lot of tweets about this asset, to me this is testing resistance & rushing into buying is risky Wait for a flip over ~168 sats for a potential entry Volume needs to flow in, currently decreasing on the 1D MACD showing bullish divergence tho! Set alerts! #MATIC Managing my stop losses, take profits and trades over 3commas platform for Binance has been a great experience. I have to do a few clicks and everything is managed automatically by the platform.. Thanks
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by CryptoNTez
MATICUSDT: Impulsive 5th wave is nextAs it can be seen from the chart, so far matic has respected all the rules of the elliott theory. This can be invalidated if corrective waves 4 prolongs far deep into territory of impulsive wave 1. OBV shows strong buying in the background by smart money on the daily timeframe (creating an exaggerated divergence). EFI is closing in on positive terroritory confirming an imminent move upward. TRIX formed a higher low despite price making a double bottom as part of corrective wave 4.
MLong
by UnknownUnicorn3272583
2
MaticBtcMatic became annoying coin for me since it effects from Btcs movement way too much. Btc effects it always negatively. Blue drawing is my hope for Matic for next 3-4 days and red lines is most likely what Matic will do since it always kicks me when I'm down. I'm most likely wrong but I think I got trend lines right so be warned if you madly trust this. I hope I will wreck 160sat soon. I thing it won't cross dark green trend line(bottom) which comes from way back to may but it will be hard to touch the one at top.
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by lepstick
1