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MATICUSDT - Buying opportunity?
$BYBIT:MATICUSDT
1H trend chart
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MATIC is converging as a triangle.
Now, it left an upper shadow line of 1H candle, means the resistance from trend line still works.
If price can break out the downtrend line without long upper shadow line, trading strategy as below.
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Profit Targets:
a) 2.0497~2.09050----Fib(1.272~1.382)
b) 2.1921----Fib(1.6182)
c) 2.3493-----Fib(2)
Stop losses:
a)1.7101-----Red horizontal line
-
If you like this analysis, smash the like button and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
1H trend chart
-
MATIC is converging as a triangle.
Now, it left an upper shadow line of 1H candle, means the resistance from trend line still works.
If price can break out the downtrend line without long upper shadow line, trading strategy as below.
-
Profit Targets:
a) 2.0497~2.09050----Fib(1.272~1.382)
b) 2.1921----Fib(1.6182)
c) 2.3493-----Fib(2)
Stop losses:
a)1.7101-----Red horizontal line
-
If you like this analysis, smash the like button and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
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