MATIC Network Continues Strong | Challenges EMA100 Next!
Updated
MATIC Network (MATICBTC) continues strong after our analysis shared on the 7-August. The low has been maintained, we are seeing slow and steady growth.
Previous analysis:
Now, we are getting signals that MATICBTC can move higher, let's take a look at those:
The chart is bullish and bullish potential is dominant with MATICBTC trading above EMA10 (0.00000133).
Conditions for change: If MATIC's price moves lower and closes below 0.00000120, the above signals are invalidated and we are very likely to test the next support. A new analysis is needed.
Any questions?
Use the comments section below.
Namaste.
Previous analysis:
Now, we are getting signals that MATICBTC can move higher, let's take a look at those:
- We are seeing a bounce after a potential higher low.
- MATICBTC moved above EMA5 and EMA10, the daily candle is still active and needs to close for this signal to be confirmed.
- Challenging EMA50 (0.00000139).
- Volume starting to increase.
- RSI strong and bullish above 50.
- Next target is EMA100 (0.00000158) if EMA50 can be broken.
The chart is bullish and bullish potential is dominant with MATICBTC trading above EMA10 (0.00000133).
Conditions for change: If MATIC's price moves lower and closes below 0.00000120, the above signals are invalidated and we are very likely to test the next support. A new analysis is needed.
Any questions?
Use the comments section below.
Namaste.
Note
Note
TARGET:(1) 0.00000126 (+9.5%)
(2) 0.00000138 (+20%)
(3) 0.00000154 (+34%)
(4) 0.00000171 (+49%)
Note
TARGET:(1) 0.00000126 |Hit 6-Aug. (+9.5%)
(2) 0.00000138 |Hit 6-Aug. (+20%)
(3) 0.00000154 |Hit 7-Aug. (+34%)
(4) 0.00000171 |Hit 7-Aug. (+49%)
(5) 0.00000199 |Hit 10-Oct. (+73%)
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