MATIC Network Continues Strong | Challenges EMA100 Next!

MATIC Network ( MATICBTC ) continues strong after our analysis shared on the 7-August. The low has been maintained, we are seeing slow and steady growth.

Previous analysis:

Now, we are getting signals that MATICBTC can move higher, let's take a look at those:

  • We are seeing a bounce after a potential higher low.
  • MATICBTC moved above EMA5 and EMA10, the daily candle is still active and needs to close for this signal to be confirmed.
  • Challenging EMA50 (0.00000139).
  • Volume starting to increase.
  • RSI strong and bullish above 50.
  • Next target is EMA100 (0.00000158) if EMA50 can be broken.

The chart is bullish and bullish potential is dominant with MATICBTC trading above EMA10 (0.00000133).

Conditions for change: If MATIC's price moves lower and closes below 0.00000120, the above signals are invalidated and we are very likely to test the next support. A new analysis is needed.

Any questions?
Use the comments section below.

Comment: TARGET:

(1) 0.00000126 (+9.5%)
(2) 0.00000138 (+20%)
(3) 0.00000154 (+34%)
(4) 0.00000171 (+49%)
Comment: TARGET:

(1) 0.00000126 |Hit 6-Aug. (+9.5%)
(2) 0.00000138 |Hit 6-Aug. (+20%)
(3) 0.00000154 |Hit 7-Aug. (+34%)
(4) 0.00000171 |Hit 7-Aug. (+49%)
(5) 0.00000199 |Hit 10-Oct. (+73%)

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