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mitsandwits

MATIC plays by the book

Long
MATIC Network / TetherUS (BINANCE:MATICUSDT)  
mitsandwits Updated   
BINANCE:MATICUSDT   MATIC Network / TetherUS
Trend Analysis Chart Patterns
11
1
trendanalysis chartpattern
Watching MATIC mostly for fun for some time. It continues to show features of distribution.

MATIC's macro chart is no good either. Some time ago I said "Sell MATIC when it pops." Same thing again. Volatile move up, sell.
Comment:
MATIC is really a good case study.

snapshot
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I think a higher target is more likely now. 1.3 maybe.

Breaking higher is bullish but really unlikely imo.

snapshot
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Maybe there is a bull case for MATIC idk. I can't see it. It has to invalidate the bear case. Or it ends like this.

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Maybe this is a bull argument. Idk It can go to 7 easily if that's the case.

snapshot
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This didn't look much like a UTAD imo. That's why I looked for some bull case. If the bullish argument is hard to see and bear case gets invalidated, you should probably buy.
Comment:
It's early to talk. Just an idea.
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