MATIC Network price analysisHi Artem is here!
Price showing regular double top with bearish divervegence. To trade on retracement I am looking for bullish divergence and rebound to the highlighted levels on the chart!
Entry levels:
0.01548$
0.01064$
Target levels:
0.02270$
0.02725$
0.03490$
Maticlong
MATIC Thoughts$MATIC
Retraced to the 0.618 and bounced hard; coming up on some resistance at R1.
Personally I would be taking most of my profit there, maybe R2 if we get a wick.
If we manage to close back above R1, I would consider that very bullish. Until then, bounces are for selling.
MATIC next week of action predictionsHere is what I believe will happen with MATIC after its parabolic run of 1200% growth. MATIC has thus far stopped at each fib retracement and is now breaking the 0.5 and should find support as sell volume is slowing down. Support will likely be at or a few percent above the golden 0.618 fibonacci somewhere between 0.0205 and 0.018.
MATIC reversal within four daysA Bearish Deep Crab pattern engaged a reversal. Short target 1 (434) got hit with the type I reversal.
Matic passed the target 2 (400) with this type II reversal.
Talking about this type II, it has to go back to the point where it initially started and on this matter I have another Deep Crab pattern BUT this time it is a bullish one. I kind of expect it to turn over the situation.
Last but not least: the RSI confirmation.
Parabolic rise for MATIC TA predictionsnext take profit will start at 0.045 the ATH from last night and extend to 0.49 just below the psychological level of 0.05
As you can see we have ever so slightly dipped for a short period below the 0.236 but quickly bounced back to hold support above 0.037. Setting stop limits at the next fib. Fib measurements taken from bottom of parabola that started 3 days ago.
MATIC ThoughtsMATIC
Clear bearish div here on the 4H; so far the volume doesn't support the case that we'll break R1 to the upside here.
I would like to see S1 support hold on a retest, maximum S2 below.
If we break to the upside, final target would be R2 at 199.
Inverse Head And Shoulder Pattern Matic Inverse Head And Shoulder Pattern Matic
Target Allmost 30 From Neck Line
Last time Matic Follow BTC
Lets see
