🔥 MATIC: Reversal Or Parabolic Break Out
A couple of days ago, I made an analysis on MATIC where I analyzed the bullish channel in which it has been trading.
The reversal was nearly perfect, with a huge bullish move resulting from it.
At the moment, we're closing in fast on the top of the channel. This is an area to watch out for. Like 3 times before, we could see a bearish move from there and move back towards the lower bound of the channel. The blue line is the current all-time high, which offers strong resistance.
However, if Bitcoin can maintain the current bullish move and sentiment, I can see MATIC break out of this channel and start a potentially parabolic move towards $4.
Before going long I'd wait patiently for what the price does. The yellow area is an area of massive resistance from both the all-time high and the channel's upper bound. Be wary.
Happy trading!
The reversal was nearly perfect, with a huge bullish move resulting from it.
At the moment, we're closing in fast on the top of the channel. This is an area to watch out for. Like 3 times before, we could see a bearish move from there and move back towards the lower bound of the channel. The blue line is the current all-time high, which offers strong resistance.
However, if Bitcoin can maintain the current bullish move and sentiment, I can see MATIC break out of this channel and start a potentially parabolic move towards $4.
Before going long I'd wait patiently for what the price does. The yellow area is an area of massive resistance from both the all-time high and the channel's upper bound. Be wary.
Happy trading!
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Pubblicazioni correlate
Declinazione di responsabilitÃ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Pubblicazioni correlate
Declinazione di responsabilitÃ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.