Long
MATICUSDT: Impulsive 5th wave is next
As it can be seen from the chart, so far matic has respected all the rules of the elliott theory. This can be invalidated if corrective waves 4 prolongs far deep into territory of impulsive wave 1. OBV shows strong buying in the background by smart money on the daily timeframe (creating an exaggerated divergence). EFI is closing in on positive terroritory confirming an imminent move upward. TRIX formed a higher low despite price making a double bottom as part of corrective wave 4.
Note
Still on track for this. Best is yet to come!Note
As we can see fisher and mean reversion have been in uptrend for few weeks.
DMI is in bullish territory, the gaussian channel turned green too.
Matic is an absolute chance at a low risk at the moment.
Note
Really trying to breakout now. Price is still sitting nicely above main MAs which have all converged. This is suggesting a strong move upward incoming. Note
Cup and handle pattern. also price sitting above the 200-ma on the daily chart, very bullish.Trade closed: target reached
Closed trade, sold at $0.022 with 100% profit.
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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.