Long
MATIC starts to run
MATIC formed a look-alike Bump-And-Run-Reversal Bottom. A Lead-in phase of almost 1 month with low volume, then followed by two bump phases with high volume.
MATIC has just broken out the trendline and is ready to get the first targets (depicted in chart).
MATIC has just broken out the trendline and is ready to get the first targets (depicted in chart).
Note
After being rejected by the trendline when BTC dropped, now MATIC is on a 4H support and seems to bounce.Note
MATIC is recovering (along with BTC), in low time frame (4H).Note
TP1 $0.66 done! On the way to TP2.
Trade closed: target reached
TP2 $0.715 done with 20% profit
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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.