MATIC: Next Bullmove coming, don't miss it!

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MATIC Network / Bitcoin (BINANCE:MATICBTC)

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BINANCE:MATICBTC MATIC Network / Bitcoin

supportandresistance supplyanddemand elliottwaves maticbtc matic altcoin bitcoin crypto

MATIC very recently got listed on Binance and had more than 150% gain from it's lows but according to my analysis this is just the beginning and another possibly even bigger move is on the works. This trade idea has a great risk reward ratio of 10 therefore the reward is very high for the amount of risk taken.

評論:

This is pumping strongly in the last few minutes creating a nice big red candle in the 1h timeframe. The resistance zone should prevent it from going higher and it will probably keep consolidating around the support level in the chart.

評論:

I meant to say GREEN candle in the above statement, sorry.

評論:

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評論:

The resistance zone has stopped the bullish pump for the time being and it should continue to consolidate between the support and resistance levels shown on the chart.

評論:

5m chart looks good, some nice buying opportunities.

評論:

80 and 90 satoshi are excellent levels to long this coin.

評論:

Still hovering at resistance zone, will probably touch at least a few times the support levels.

評論:

MATIC touched the buy zone only once and cut through the resistance zone like a hot knife through butter. The price action is extremely bullish and the the fib extension target looks very conservative.

評論:

On the 15 chart it's consolidating a bit presenting another buying opportunity to add to positions or initiate one if you missed the first bus.

評論:

TARGET REACHED!!!! This could keep on running as the price action is still extremely bullish.

評論:

First target reach, let's see if this thing can run towards the second target at around 300 satoshi.

評論:

MATIC is still a buy at this levels, it should consolidate at or close to the support zone and then a strong bullish wave should follow.

評論:

MATIC is still looking very bullish, highly probable that it will reach the second target at around 270 - 300 satoshi.

評論:

Up up and away she goes, MATIC breaking out towards the second fib extension target at around 270 - 300 sat as can be seen in the chart. It consolidated exactly at the support levels predicted in the red rectangle and broke out soon afterwards.

評論:

MATIC has exceeded the first, the second and is now on it's way towards the 3rd fib extension target at around 350 - 370 sat. This thing is an absolute BEAST!