Matic All Time Wave Count - Update 17/06/2022

Looking at the all time history of MATIC, it can be seen that a long term Impulsive Wave Cycle to the upside has occurred; after completing a Minor Wave 5 to complete the Wave III Cycle Matic has experienced a very deep correction which it can be assumed that MATIC is correcting long term price gains as is most of the Cryptocurrency Market; it appears that the current correction is heading towards its finality with many key levels which could many buyers back into the market. After experiencing a 87% decline from ATH after completing the current WXY correction we can expect some significant price gains to occur following which offers a unique investment oppurtunity.

Lets dive into the areas in which could be of strong importance and a potential reversal:
~ we currently sit near a region of high support in which we spent time in the minuscule wave 4 ranging from $0.262 - $0.544; wave four of two lesser degrees
~ notably of the WXY correction; if we use Fibonacci Extensions the linear ~0.618 extension lies at $0.308 and the ~0.786 extension lies at $0.257 which has strong confluence with support at those levels
~ the 0.382 log fib retracement which is the most common Wave 4 Retracement also lies at $0.282 which is a possible CYCLE WAVE 4 destination and where many buyers could step in

This not financial advice!

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