Long
MATIC Wait For Bullish Price Action To Buy
Hi traders:
Also eyeing MATIC for the bullish long term opportunity.
From the higher time frame, we can see the strong bullish impulse phase from the previous continuation correction.
Price begin to form into another consolidation for possible another up move.
On the lower time frame, we can see a few good bullish price action.
Double bottoms, bottom of the higher time frame structure, and signs of bearish momentum being exhausted.
Be nice to wait for a bit more bullish development on the lower time frame to give us the confirmation we need,
to look for a longer term buy setup to the next highs.
Thank you
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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.