MATIC/USDT: Bullish reversal confirmed

---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------

MATIC/USDT: Bullish reversal confirmed

Context
The Global Crypto market leads by BTC and ETH is now showing strong signs of bullish reversal which is also the case on MATIC



Market configuration

- Graphical Elements :
Graphical Resistance = 1,04 & 1,33
Graphical Support = 0,63 & 0,42

- Mathematical Indicators:
EMA ( Exp Moving averages) are support with a bullish cross = Bullish
RSI indicator (below) is reintegrating 50% = Bullish

- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target c B has been already reached = 0,32
Fibonacci support of the wave (iv) = 0,63
Fibonacci Bullish Target = 1,33


Conclusion

Prefered case => As long as 0,63 remains support a strong bullish momentum is expected towards 1,04 before 1,33 - buy any dips around 0,87