ðĨ MATIC Bullish Triangle: New All Time High Soon?
MATIC has been practically untouched by Bitcoin's fall this week. Yes, it declines after Bitcoin drops, but it almost instantly regains all its earlier losses.
At the moment, there's a bullish triangle forming for this asset. This trade is based on the idea that this triangle is not yet finished, thus MATIC will once more decline towards the lower support of the triangle. Around this support we've placed our Entry.
Before entering this trade wait for the price to touch the Entry line. Higher time frames yield a higher predictive power.
On the chart Iâve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
At the moment, there's a bullish triangle forming for this asset. This trade is based on the idea that this triangle is not yet finished, thus MATIC will once more decline towards the lower support of the triangle. Around this support we've placed our Entry.
Before entering this trade wait for the price to touch the Entry line. Higher time frames yield a higher predictive power.
On the chart Iâve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
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