Short
MATICBTC - ascending wedge could start the correction
MATICBTC shows signs of bearish divergence on many timeframes and it's currently forming an ascending wedge very close to the previous ATH.
It has run 240% without a proper correction which makes it likely that we'll see it correct from here on due to the aforementioned setup.
In case the market decides that it's still a good time to buy into this massive pump consider a stop loss above 600.
Let me know what you think, any criticism is appreciated.
It has run 240% without a proper correction which makes it likely that we'll see it correct from here on due to the aforementioned setup.
In case the market decides that it's still a good time to buy into this massive pump consider a stop loss above 600.
Let me know what you think, any criticism is appreciated.
Note
Good place to take some profit, will likely bounce off this trendline and head back to about 500 sats.Trade closed: target reached
I'd say target more than reached, it's been fun guys:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.