Panjang
MATIC DAILY OUTLOOK. continuation or reversal?
hello Investors
MATICUSDT accumulated for 8 months before breaking out to the upside 9 days ago. I have identified the active bullish impulse which was created during the breakout and I have marked it up using my Fibonacci tool.
Currently, price is retracing so I am observing price action above these Fibonacci levels for a bullish reaction and a bullish daily candle close.
If price creates a bullish reaction on the daily timeframe above these levels then I will be observing the lower timeframes for bullish execution opportunities according to my confirmation with my first Target at 1.7883
However, I am open minded to the possibility of a bearish reversal if price should break and close below 1.1581 price level.
Let’s stay patient and see what happens next.
MATICUSDT accumulated for 8 months before breaking out to the upside 9 days ago. I have identified the active bullish impulse which was created during the breakout and I have marked it up using my Fibonacci tool.
Currently, price is retracing so I am observing price action above these Fibonacci levels for a bullish reaction and a bullish daily candle close.
If price creates a bullish reaction on the daily timeframe above these levels then I will be observing the lower timeframes for bullish execution opportunities according to my confirmation with my first Target at 1.7883
However, I am open minded to the possibility of a bearish reversal if price should break and close below 1.1581 price level.
Let’s stay patient and see what happens next.
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.