MATIC
Matic seems to be done with the W1.
If the c wave bottom is in as my chart suggests then we are coming back into W2 now or after $1.17 tests.
The W2 can finish around .55c-.62c to retest B wave of the 1 shown off the lows of the triangle.
Either way this move looks exhausted.
If the C wave is not finished and this move up was the 4th of the 5 down for the C wave Flat correction from the 2021 highs then to that point MATIC will likely test .23c and finally bottom.
Only time can tell but I lean towards this chart projection.
If the c wave bottom is in as my chart suggests then we are coming back into W2 now or after $1.17 tests.
The W2 can finish around .55c-.62c to retest B wave of the 1 shown off the lows of the triangle.
Either way this move looks exhausted.
If the C wave is not finished and this move up was the 4th of the 5 down for the C wave Flat correction from the 2021 highs then to that point MATIC will likely test .23c and finally bottom.
Only time can tell but I lean towards this chart projection.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.