MATIC

2023年5月9日

MATIC created a potential bearish flag pattern from the June low.
It was easy to guess the top of the flag and the start of the descent.
At this moment, the lower trend line of the flag is broken.
It's hard for me to predict what the way down will look like, maybe it will test the trend line from below or even make a false reversal. Short positions would have it very easy if it only went down.
However, I think it will test the area of the June low by the end of the year, and if it holds and other conditions are met, there could be an upward turn.

2023年5月9日

註釋

2023年5月9日

註釋

2023年6月5日

註釋

Matic is on his way to further support.

2023年6月9日

註釋

Matic is in support, there has been a predictable small bounce.
Apparently, according to the post in the comments on this support, some traders are expecting an upside (he is a good trader, so anything is possible).
But that's thin ice for me, it's a relatively young cryptocurrency, it's still +2300% high as of January 2021, so there's definitely still room to go.
However, the possible rebound is only temporary.
If my bearish flag theory is correct, then the target will be much lower.

2023年6月10日

註釋

The thin ice has cracked and Matic is sinking into the depths.

2023年7月10日

註釋

Matic enters the area of resistance.
If there were many short positions, liquidation may occur, but the subsequent price increase will not last.
I even think there will be a subsequent break lower after the bounce from the double bottom.

2023年7月31日

註釋

2023年8月16日

註釋

A market maker could load Matic bulls in the $0.5 area and dump them after a small bounce.

2023年9月14日

註釋

Matic loaded the bulls and dumped them exactly in the area where I expected, if he liquidates the greedy short positions here and then there is another smaller upward movement, it is possible.
The bottom will be lower.

2023年10月4日

註釋

Matic is testing his main trend line, I expect rejection.
I'm bearish until the chart convinces me otherwise.

2023年10月13日

註釋

If you went short right from the top of the bear flag, which was easy to predict, you didn't have to deal with anything all the way down and the money was gradually passed to you by the moonboys who keep trying to go long.
It will play with support for a while here, it will bounce around a bit to give vague direction signals, but I think liquidity is waiting below.
I like the saying, if you don't know where the liquidity is, you probably are the liquidity.
I don't care what he's doing here, to me an altcoin after all the hype is like a magazine unloaded gun (useless).
If I see a recharge I might change my mind.
Anyway, make your plan because the money you lose at the end of the day will be yours.

2023年10月21日

註釋

After squeezing out late short positions and triggering bullish sentiment, I then expect a continuation down.

2024年9月16日

註釋

MATIC is already moving in the zone that I pointed out more than a year ago that it would end up there.

3月29日

交易進行

MATIC is at its target destination, after some bounce up and subsequent break of this area downwards, I wouldn't be surprised if it returns to the accumulation area near zero in the following years.