$MATIC, Similar set up to $ONE with a symmetrical triangle

19 ago 2019

MMATIC

Similar set up to ONE with a symmetrical triangle about to breakout...

Volume slowly building up (volume preceeds price)
UCTS Buy signal active on lower TFs (no signals yet at 6H or higher)
Crossed above EMA50/200 (golden cross a few days ago on the 4h)

#MATIC

21 ago 2019

Nota

update on MMATIC

Slowly trying to break to the upside of this symmetrical triangle that we identified yesterday on the 4H chart

Bitcoin current status add another layer of risk, so if you are taking this or any other trade make sure to set up a stop loss just in case
#MATIC

22 ago 2019

Nota

update on MMATIC

Evolving quite smoothly (organic) after Symmetrical triangle breakout..

EMA200 (red) could lead to some resistance and a retest of support at ~150 sats may happen in the way up...

170Sats still our main target for this trade..

#MATIC

23 ago 2019

Trade chiuso: obiettivo raggiunto

update on MMATIC,

Target reached at 170 sats for a 10% profit
Volume flowing in and binance Volume is above 1500btc on last 24hs (strong)

Aiming for a 2nd target at ~200sats is not crazy due to volume, triangle height etc

Dont get too greedy tho! and lock profits!
#MATIC

23 ago 2019

Nota

Update on MMATIC

Rejected at ~170sats.. As soon as 150sats hodls, we can aim for a retest & potential break to ~200sats
Still 3rd in Binance volume

On the 8H, situation is easier to spot with EMA200 as support..

Losing 150sats level is an exit for the trade.
#MATIC