Macro still looks Bullish on Matic
Updated
Simple for the smooth brainers.
Showing key support around descending triangle with bullish divergence.
.618 retrace after third impulse wave.
Oversold
Momentum in bears favor, waiting for reversal.
1.618 target.
Showing key support around descending triangle with bullish divergence.
.618 retrace after third impulse wave.
Oversold
Momentum in bears favor, waiting for reversal.
1.618 target.
Trade active
Update: Support is holding. Looking for a close at or above 1.35 on the daily candle. RSI seems to be switching direction from oversold. Next two-three days looking to break out of the descending triangle. Of course, stay vigilant on Bitcoin and traditional marrkets as they could invalidate the setup.Trade closed: stop reached
closed by china fud.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.