๐MATIC is in the falling wedge! +233% is a technical targetโ
ืืขืืืื
Hi friends! MATIC is in the falling wadge. Due to the technical rules the targets for MATIC is $2-2.4 if the pattern will be compited.
Take a look on the chart. The MATIC is among the strongest altcoins. Matic make +233% after the fall to it`s bottom. I think that it can also reach my 2 targets for it very easilly. But first of all you should understand where to open a trade.
๐ Preconditions to open a long:
๐ฅ liquidity collection below the key level of $0.729. By the way it`s already happen
๐ฅ squeeze to the upper boundary of the wedge
๐ฅ bullish BTC pull all the altcoins to their targets
๐ฉ If BTC will go down, you have additionall plan to short on the chart.The value area of $0.57-0.61 should become the support. Remeber about the volumes.
โ Also i recommend you to check out this idea about BTC and plan for this month. A lot of usefull indformations and stats for the traders.
๐ Me targets for MATIC:
1. $1.05 - the key level
2. $1.35-1.41 - the value area and mid target
๐ฉ I marked for you the closest strong resistance on the chart. The 50% of profit have to be booked when the price reach these targets.
๐ปFriends, press the "boost"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade
Take a look on the chart. The MATIC is among the strongest altcoins. Matic make +233% after the fall to it`s bottom. I think that it can also reach my 2 targets for it very easilly. But first of all you should understand where to open a trade.
๐ Preconditions to open a long:
๐ฅ liquidity collection below the key level of $0.729. By the way it`s already happen
๐ฅ squeeze to the upper boundary of the wedge
๐ฅ bullish BTC pull all the altcoins to their targets
๐ฉ If BTC will go down, you have additionall plan to short on the chart.The value area of $0.57-0.61 should become the support. Remeber about the volumes.
โ Also i recommend you to check out this idea about BTC and plan for this month. A lot of usefull indformations and stats for the traders.
๐ Me targets for MATIC:
1. $1.05 - the key level
2. $1.35-1.41 - the value area and mid target
๐ฉ I marked for you the closest strong resistance on the chart. The 50% of profit have to be booked when the price reach these targets.
๐ปFriends, press the "boost"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade
ืขืกืงื ืคืขืืื
Hi friends! Seems like MATIC choose the bullish scenario and start squeezing to the trendline.๐ The targets are still the same:
1. $1.05 - the key level
2. $1.35-1.41 - the value area and mid target
I want to remember, that the target for the growth are +233% above according to the classic technical analysis (breakout of the falling wedge).
ืขืกืงื ืคืขืืื
Hi friends! If we make good scenario it always has the GOOD results!You had one more chance to open atrade after the trendline breakout. It was the test the trendline as the support.
โ Matic has already reached my 1st target $1.05 (+31%), but in total we can catch +46-47%.
๐ฉ I think that the price should make some pullback and then continue it's movement that I mentioned in idea. Stay tuned!
ืขืกืงื ืคืขืืื
๐ฅHi, friends! MATIC is already make +65% from my entry point and make reach 1st target and almost touch the 2nd. I'm sure, that MATIC would be reach this target, if not the FTX crash. Congratulations to everyone who open this trade. Even now you in +10% of profitHere the new trading plan with entry point and take profits for you!
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