MATIC Extremely BULLISH; planning the move ahead

13 Kas 2022

Matic provides a unique long oppurtunity and could see some bullish price action ahead with a larger 5 wave move up towards new highs yet to be completed. Off the low of ~$0.32 some impsulive wave action has been seen having come up in a 5 wave count completed at the high of ~$1.05 with clear sub wave counts adding to the validity of the overall count. Matic then saw some strong consolidation of overtaken levels as support with strong accumalation occuring between $0.70-$0.90 in a Possible Wave 2 bottom for a larger Minor Wave 3 to occur. A possible first wave in the Minor Wave 3 has occured; which preceeded the sharp sell off from $1.30 as bitcoin sold off; it appears a wave 2 correcion is forming and will take longer to occur and an ABC is likely with a B wave higher then C wave down to likely support areas of the golden line at $1.02 and also $0.95 & $0.92 where price can then push higher and start to build another uptrend.

Noticeably, the sharp sell off recently found a bottom on the lower warning line created from an Original Pitchfork using pivots of Minor Wave 0,1,2.

Please like and follow for more advanced elliot wave updates; lets see how this materialises trade at your own risk.