MATIC MOVING WITHIN ASCENDING CHANNEL.

2022年11月3日

This Analysis goes out to the request of erozsits
Thank you very sending that request :)))

We see MATIC have quite a large move to the upside, compared to most alts.
It is currently up 228% from its last bottom on June 2022.

At the time of writing, it is forming bullish market structure, breaking out of its wedge pattern on Oct 16, and successfully restested as support.
While It is moving within an ascending channel, there may be overhead resistance at the daily (1.03).
This may fall in line with the top of the channel.

Next line of resistance is the weekly at 1.10.

Please see the bars pattern I have included in the chart.

Trade Safe Friends <3333

2022年11月4日

註釋

Just a little update for everyone,

MATIC broke out of the ascending channel, and the weekly level with significant volume.
What does this mean? bullish continuation.

What is the level to look for? The 1.618 Fibonacci Extention Level, which is also the Daily Level

2022年11月4日

註釋

I should also share my EW count:

2022年11月6日

註釋

MATIC made a very nice move to the upside this week

However, has reached the 5th EW (according to my count), hitting the 1.618 fib extension level, it's daily high-term level

AND the 0.618 fibonacci retracement level from its ATH.

Confirmation, confirmation, confirmation!

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2022年11月6日

註釋