Binance coin has been forming green candles on weekly time and has formed a perfect doji above its 20 ema.
On the daily chart analysis, the coin is consolidating near the resistance zone and 200DMA.
The coin is trading between its 20 and 200 ema on daily time frame. A clear rejection is there near the resistance zone.
Coin is trading and taking support from its...
Buy Matic at dip and if it takes some green signal it can reach $1.9 by Dec 2021 and $2.6 by February or March. Take your own Stop Loss and Matic can touch $10 by end of 2022.
Second Chance Trade Setup summary:
Profit targets = 76% = {TP3 = 8% + TP4 = 29% + TP5 = 39%}
Stop Loss = 30%
Reward/Risk > 2.5 : 1
New Trading suggestion:
" It is still possible to see a temporary retracement when the price falls to the uptrend line that will support and reject the price.
if so, traders can set orders based on Price Action and expect to...
Midterm forecast:
. While the price is above the support 15.015, resumption of uptrend is expected.
. We make sure when the resistance at 18.880 breaks.
. If the support at 15.015 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
. The RSI downtrend #1 is broken, so the probability of resumption of uptrend is...
