Long

MATIC Network Correction Complete? These Signals Say Yes!

Updated

Is MATIC Network correction complete?

We looked at MATICBTC as the "Perfect Bull Run Example", you can see it all here:

MATIC Network Perfect Bull Run Example (+1068% Profits Wave)

After such a strong run, lots of people are wondering what will happen next...

For MATICBTC a strong correction followed, this is normal after a strong bull run... Now, let's take a look at why this correction might be over...

Feel free to hit like now if you want to show your support... Let's get started!

MATIC Network (MATICBTC) Correction Over

First, we can notice that MATICBTC retraced by almost 80% from its all-time high. Normally we see an 80% retrace after a strong bull run... This point has been met.
ABC correction complete. We can a classic ABC correction wave completed.
MATICBTC's price went just below the 0.786 Fib. retracement level from the last bullish wave.

Additional signals:

RSI hit oversold and bounced strongly; now sitting on the bullish side.
MACD bullish crossover.
Trading above EMA10 and EMA100.
Increasing trading volume.

All the signals above are pointing to the and of the correction... Bullish action might follow... Targets and support levels detailed on the chart.

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Namaste.

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+13% since sharing... Enjoy the profits.

AlanSantana

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