BYBIT:MATICUSDT
1H tend chart
-
We could see a long-term support zone formed from the ceiling of a Darvas box.
Also, there is a downtrend line kept resisting price.
Now, price just broke out the upper downtrend line and took out the neckline of this potential inverse head and shoulders pattern.
It's a bullish signal and our trading strategy as below.
*can entry after confirming the candlestick still stand firm on the downtrend line in 4H chart
-
Profit Targets:
a) 1.3065----Fib(0.618)
b) 1.3598----Fib(1)
c)1.4459-----Fib(1.618)
Stop losses:
a) 1.1869----low of right shoulder
-
If you like this analysis, give it a like and leave a comment below to share your perspective
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在
使用條款閱讀更多資訊。