🔥 MATIC Bullish Triangle After Capitulation
Updated
Last week we experienced a massive capitulation of both BTC and alts. Generally, after such a capitulation the market will rebound and trade sideways.
In my view, this is what we're going to see this week.
As for MATIC, we're currently seeing a bullish triangle emerge on the chart. If we see further bullish price action today, it's likely we're going to break it on the bullish side.
For the near term, $0.80 is my target. If the bullish market keeps strong for the next couple of days, $0.95 should be a realistic target in the longer-term.
In my view, this is what we're going to see this week.
As for MATIC, we're currently seeing a bullish triangle emerge on the chart. If we see further bullish price action today, it's likely we're going to break it on the bullish side.
For the near term, $0.80 is my target. If the bullish market keeps strong for the next couple of days, $0.95 should be a realistic target in the longer-term.
Note
Price didn't break out on the top side, trade invalidated
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Related publications
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.