Matic AO & Stoch indicating breakout

19 Ara 2021

Second MATIC idea here. Please DYOR - this isn't financial advice.

I'll keep it short and sweet. The last three movements off the zero line on Awesome Oscillator have resulted in rapid and significant upward movements on the 1H chart. In addition to this, the last two oversold stoch RSI incidents have been paired with these rapid upward movements. We're now in the same situation and MATIC's short and long term movements are very positive.

Keep an eye on this - I've suggested an entry with a reasonable stop loss at the last low of this movement. We could break towards a move on our recent high of $2.5+

Good luck!

19 Ara 2021

Not

Entry: 2.259
SL: 2.159
Target: 2.584

(IMO, if we hit our target, I'd take out your initial + 50% profit and leave a moonbag in as MATIC is massively bullish fundamentally right now)

19 Ara 2021

Not

BTC gifted us with a mini dump as soon as this was posted which sadly killed off our quick move upwards but we're still level and good to head upwards!

19 Ara 2021

Not

Idea seems to be invalidated by recent movements in BTC but I believe matic to be a great hold regardless. Feel free to maintain SL - indicators are still great for matic long term, though chances exist for a short term drop before we go up.

Manage risk!