matic is now testing the major support, expected bounce!!
Technical analysis:
#matic(Daily update)
* MATICUSDT is moving in falling wedge pattern, the beginning of an uptrend is expected when it will break falling wedge upside.
*The price is trading BELOW 21- MA as well as 50 MA, NEED to breakout both MA's as well as downtrend to be bullish .
*MATIC is now testing the major support zone. MATIC need to hold above $0.75 otherwise we will see heavy sell-off around 0.32. We may see a bounce from the support zone. Use stop loss below 0.70 if you have any open position in MATIC.
*presently most likely there will two scenarios to may be play out shown in my chart. scenario 1 is probably more likely if btc could bounce from here otherwise we gone 2nd one.
Take Profits:
TP1= @ 1.75
TP2= @ 2.33
TP3= @ 2.69
SL= 0.70
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Trade well, 💪
#MATICCOIN #CRYPTO #BULLISHRUN #ALTCOIN #DOWNTREND
#matic(Daily update)
* MATICUSDT is moving in falling wedge pattern, the beginning of an uptrend is expected when it will break falling wedge upside.
*The price is trading BELOW 21- MA as well as 50 MA, NEED to breakout both MA's as well as downtrend to be bullish .
*MATIC is now testing the major support zone. MATIC need to hold above $0.75 otherwise we will see heavy sell-off around 0.32. We may see a bounce from the support zone. Use stop loss below 0.70 if you have any open position in MATIC.
*presently most likely there will two scenarios to may be play out shown in my chart. scenario 1 is probably more likely if btc could bounce from here otherwise we gone 2nd one.
Take Profits:
TP1= @ 1.75
TP2= @ 2.33
TP3= @ 2.69
SL= 0.70
🥰If you find this helpful and want more FREE forecasts in Tradingview😍.
Please show your support back🙏,
Hit the 👍 LIKE button,
Drop some feedback below in the comment✍️!
❤️🤝 Your Support is very much 🙏 appreciated!❤️🤝
💎 Want me to help you become a better Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let me know how you see this opportunity and forecast.
Trade well, 💪
#MATICCOIN #CRYPTO #BULLISHRUN #ALTCOIN #DOWNTREND
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