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MATIC DAILY OUTLOOK. continuation or reversal?
hello Investors
MATICUSDT accumulated for 8 months before breaking out to the upside 9 days ago. I have identified the active bullish impulse which was created during the breakout and I have marked it up using my Fibonacci tool.
Currently, price is retracing so I am observing price action above these Fibonacci levels for a bullish reaction and a bullish daily candle close.
If price creates a bullish reaction on the daily timeframe above these levels then I will be observing the lower timeframes for bullish execution opportunities according to my confirmation with my first Target at 1.7883
However, I am open minded to the possibility of a bearish reversal if price should break and close below 1.1581 price level.
Let’s stay patient and see what happens next.
MATICUSDT accumulated for 8 months before breaking out to the upside 9 days ago. I have identified the active bullish impulse which was created during the breakout and I have marked it up using my Fibonacci tool.
Currently, price is retracing so I am observing price action above these Fibonacci levels for a bullish reaction and a bullish daily candle close.
If price creates a bullish reaction on the daily timeframe above these levels then I will be observing the lower timeframes for bullish execution opportunities according to my confirmation with my first Target at 1.7883
However, I am open minded to the possibility of a bearish reversal if price should break and close below 1.1581 price level.
Let’s stay patient and see what happens next.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.