Long
Matic to 4.727$
There is a very big inverse head and shoulders pattern in Matic and other cryptos. The recent dump can be seen as a re-test of the pattern, which as you can see from matic, was successful. Technical target of the pattern coincides with R3 fibonacci resistance on the weekly, so I would be taking some profits there.
Here is a great chance for a breakout trade, as this pattern has a high likelihood of success, because it is on the weekly timeframe and that makes it more reliable.
Good luck! I also have a bearish analysis for BTC to 10550, so if this Matic long somehow fails, I will be bullish from 10460-10550 range, but thats not in the cards until this move is disproven.
Here is a great chance for a breakout trade, as this pattern has a high likelihood of success, because it is on the weekly timeframe and that makes it more reliable.
Good luck! I also have a bearish analysis for BTC to 10550, so if this Matic long somehow fails, I will be bullish from 10460-10550 range, but thats not in the cards until this move is disproven.
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