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MATIC
Hello
I am sorry for what I want o say and I do not want to be rude but I really believe that Crypto market is not good place for wave traders (and probably the other methods) but for investment is a heaven.
Some of coins are really confusing and I do not see any consistent correlation between them. MATIC is one of them and for now, what is happening in the upper yellow zone can be a triangle or a combination.
For these situations that we can't distinguish the patterns the best solution is to focus on the price action and technical analysis techniques, so there are 2 scenarios:
1- more correction and triangle failed
or it was just wave B of a combination
2- break out and start its rally as wave V.
Simple notice: do not trade it as long as it does not break out the upper boundary of our imagined triangle.
Thanks
I am sorry for what I want o say and I do not want to be rude but I really believe that Crypto market is not good place for wave traders (and probably the other methods) but for investment is a heaven.
Some of coins are really confusing and I do not see any consistent correlation between them. MATIC is one of them and for now, what is happening in the upper yellow zone can be a triangle or a combination.
For these situations that we can't distinguish the patterns the best solution is to focus on the price action and technical analysis techniques, so there are 2 scenarios:
1- more correction and triangle failed
or it was just wave B of a combination
2- break out and start its rally as wave V.
Simple notice: do not trade it as long as it does not break out the upper boundary of our imagined triangle.
Thanks
Nota
How deep will this drop correct ? 0.3 or more ?
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.