MATIC very recently got listed on Binance and had more than 150% gain from it's lows but according to my analysis this is just the beginning and another possibly even bigger move is on the works. This trade idea has a great risk reward ratio of 10 therefore the reward is very high for the amount of risk taken.
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This is pumping strongly in the last few minutes creating a nice big red candle in the 1h timeframe. The resistance zone should prevent it from going higher and it will probably keep consolidating around the support level in the chart.
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I meant to say GREEN candle in the above statement, sorry.
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Please follow me here if you don't already, I have more than a decade of experience trading traditional markets and in the last few years crypto markets and I will be posting high probability high R trade ideas for everyone!
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The resistance zone has stopped the bullish pump for the time being and it should continue to consolidate between the support and resistance levels shown on the chart.
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5m chart looks good, some nice buying opportunities.
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80 and 90 satoshi are excellent levels to long this coin.
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Still hovering at resistance zone, will probably touch at least a few times the support levels.
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MATIC touched the buy zone only once and cut through the resistance zone like a hot knife through butter. The price action is extremely bullish and the the fib extension target looks very conservative.
https://ttps://www.tradingview.com/x/gmjdEMmG/
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On the 15 chart it's consolidating a bit presenting another buying opportunity to add to positions or initiate one if you missed the first bus.
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TARGET REACHED!!!! This could keep on running as the price action is still extremely bullish.
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First target reach, let's see if this thing can run towards the second target at around 300 satoshi.
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MATIC is still a buy at this levels, it should consolidate at or close to the support zone and then a strong bullish wave should follow.
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MATIC is still looking very bullish, highly probable that it will reach the second target at around 270 - 300 satoshi.
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Up up and away she goes, MATIC breaking out towards the second fib extension target at around 270 - 300 sat as can be seen in the chart. It consolidated exactly at the support levels predicted in the red rectangle and broke out soon afterwards.
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MATIC has exceeded the first, the second and is now on it's way towards the 3rd fib extension target at around 350 - 370 sat. This thing is an absolute BEAST!
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4th fib target is at around 410 - 430 sat. If it blows through the 3rd target it's very likely to reach that level.
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SuperCycle
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Cosmos_Gyoza
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I bought at the very bottom, unfortunatly, I sold 75% of my stack at 180 sat... Very hard to predict what is going to happen! Nobody managed to predict such a bullrun.
SuperCycle
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@Cosmos_Gyoza, MATIC caught my eye after the first bullwave but as you can see in the first chart I did predict another even bigger bullrun. My first target was reached almost spot on and we'll see if it reaches my second target at around 270 - 300 satoshi. Crypto is hard, no doubt about and I'm glad you got to buy it at the lows and sold for a nice profit.
Cosmos_Gyoza
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@SuperCycle, Actually I managed to rebuy at the same entry price, I'm selling 75% at 275 :) Good job on your calls indeed!
HeyUmut
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wow
SuperCycle
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@UmutAkbulut, Yeah, MATIC is a beast, hope you got to ride it!