MATIC
MATIC
We have seen crypto make a move to the upside recently but as it stands i think we can still see further downside.
Here we have MATIC which looks like it is in a ABC correction of wave 4 meaning we still have wave 5 to complete. It's reacting from a weekly supply zone with a refined daily supply inside.
For now i am only looking to sell
If we do move down again i will be looking for buys at the Weekly demand zone shown in the chart where there is Liquidity resting just above.
We can play shorts down to the weekly demand zone once the LTF starts creating bearish structure.
Remember stay neutral, don't get stuck to one bias, TRADE WHAT YOU SEE :)
Have a good weekend all :)
We have seen crypto make a move to the upside recently but as it stands i think we can still see further downside.
Here we have MATIC which looks like it is in a ABC correction of wave 4 meaning we still have wave 5 to complete. It's reacting from a weekly supply zone with a refined daily supply inside.
For now i am only looking to sell
If we do move down again i will be looking for buys at the Weekly demand zone shown in the chart where there is Liquidity resting just above.
We can play shorts down to the weekly demand zone once the LTF starts creating bearish structure.
Remember stay neutral, don't get stuck to one bias, TRADE WHAT YOU SEE :)
Have a good weekend all :)
Penafian
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