Long

$MATIC $1 Easy. $1.34 even easier

Updated

You forgot about Matic? Well, Matic forgot about you. This chain is so robust, so multilayered and always ahead of the narratives. After abusing the order books for a while I got a heavy bag for short-mid-long term offloads. After a day of indecision (doji) we just printed a decision candle showing us the way. No business to be had with $0.79 anymore so off to $1 and from there to $1.34 there's a void that will easily teleport it.

Note

4hr candle so stronk. You dont fade these, gentlemen

Note

Hit the grind to a $1. Now lining up the shot to $1.34. turned $0.92 from supply to demand and recent lower timeframe pullback met buyers at around the 0.618 level. Extension fibs lining up perfectly with our drawings. Once we enter the void... blink and you might miss it ;)

Note

We have now strongly flipped resistance level into the void and even liquidated early high lev participants, so nothing else holding us back. Here we have a great example of context over pattern where traders might be discouraged by just seeing the pattern and not having proper context drawn. We should speed up very soon.

Note

Go low to go higher. We are now at a 30% pullback. We need to remember that we are still subdued by and ETH. They pullback, we pullback. That said, demand has not gone anywhere and $0.92 is better than $1.30. We have formed a daily swing high, buyers are here and now and with the current structure, the target is now $1.88.

DaMaximus

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.