MATICUSDT in Final wave of correction, MOON SOON.

Panjang

MATIC Network / TetherUS (BINANCE:MATICUSDT)

BINANCE:MATICUSDT MATIC Network / TetherUS

trendanalysis waveanalysis elliottwaves matic moonshot

This is what i see on MATIC, After the completion of 5 impulsive waves matic is in the correction phase, This one is a flat correction pattern and since B wave is a 1.236 extension of A wave i am hoping the pattern to be of a running flat.

If it proves to be a running flat, the price will test the support at the 0.618 (14.5c) and 0.786 (12.5c) retracement levels of B wave and then bounce back up continuing its bull rally but unfortunately if its not a running flat and its an extended flat instead then the price could fall down to 1.236 ( 10c ) or 1.382( 8c ) fib extension of A wave and then bounce back up from there( I am pretty sure price wont go below 8c ).

All depends on the price action of Bitcoin so lets see what happens.

Penafian

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