#MATICUSD - A Small Decline to Lower Bounds of TriangleAfter a test and rejection off upper bounds of a descending trend line we've received a Sell signal from Crypto Tipster v2.
There's a nice level at around a 20% drop from the current price which has previous shown as Support/Resistance.
This coincides with an ascending trend line nicely which is our target!
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Crypto Tipster v2
theCrypster
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Maticusdshort
Matic/USD, I will buy MATIC at $0.2!Greetings everyone! It's great to be back with another analysis. Today, I'd like to share my thoughts on the Matic/USD market. In my opinion, the current rally of Matic is presenting us with a favorable opportunity to establish a short position. The supply or resistance level is reportedly above $1.4, and as a result, I recommend short selling Matic at a price range of $1.4 to $1.5.
In terms of spot trading, I advise against purchasing Matic until its value reaches the range of $0.19 to $0.2. It is important to always perform due diligence and exercise caution when making investment decisions. Stay safe and be sure to do your own research.
MATIC/USDT :: Soon the triangle will be broken !!!MATIC/USDT :::
Price ceilings are formed on the same level and price floors are closed above each other, and these events have caused a great triangle to form.
The best thing to do in such cases is to wait until the price finds its way and exits the triangle .
MATIC/USDT :: Breaking more channels..?MATIC/USDT :::
short position can be a smart choice .
support ::
1- 0.6846
2- 0.6252
3- 0.5764
MATICUSDT: Setups for Long & ShortOnce again, I made a more detailed recount of wave levels for MATIC.
Apparently the impulse structure in the big wave 1 or A has already ended, and now the correction in the big wave 2 or B continues.
I considered the coin earlier to open a short position, but I decided not to rush and wait for the first signs for the price reversal. I am not sure yet that the correction in wave B (in wave 2 or B) has ended.
Anyway, even if fail to open a short position (due to the ambiguity of the situation), I already expect the price to reach the internal support levels where I will be open a long position.
MATICUSDT: Bullish rally will continueI'm sharing with you another great trading plan for medium-term position holding and local trade planning for MATIC coin.
In the medium term, the correction in the form of ABC pattern (in wave B) is probably completed.
At the moment the impulse structure of wave 1 is already forming within the big C wave.
Locally, the price took a timeout for the correction in wave 4, after which we should expect the continuation of growth in the framework of wave 5 (in wave 1).
It is possible to try to win back the local decrease by opening a short position at the first signs of price reversal to start the decrease in the framework of wave C (in wave 4).
Opening a long position is relevant on the border of the main ascending channel and the trend line.