Long
HUGE opportunity on MATIC/USDT
Updated
I understand that we are in a moment of uncertainty, so I'm gonna introduce two points of view, for the ones that are Bullish or Bearish on MATIC and I will explain why I am "long" on this trade no matter the trend (bullish or bearish).
For my Bullish friends:
- I traced Fibonacci from the lowest point in April at $0.25 right before the bullish momentum that took MATIC to $2.70.
- I took the EMA 200 in consideration to determine the trend (slightly up).
- The 0.786 Fibonacci Retracement ($0.25 to $2.70) is at $0.78.
- Using previous Supports & Resistances I determined my buying zone between $0.68 to $0.78
- The RSI indicator is at one of the lowest areas in months.
- The last reason is that MATIC is an amazing project and still has a lot to bring to the "crypto world"!!
For my Bearish friends:
- I used the EMA 200 and a previous area of Support ($0.74 and $0.68) as a prediction of where the price will fall.
- Based on that I traced our Fibonacci from $1.71 to $0.74, if we were to keep a down trend the Retracement would probably take us to something between $1.10 to $1.33
___________
Conclusion:
If the market shows itself on a Bearish trend and we have a "common" retracement to the Fibo 0.382 zone (around $1.10) we will be looking in a 50% increase on the price from $0.74 to $1.10 and if it the market tried the 0.618 we would be looking on a 80% increase on the price.
If the market shows itself on a Bullish trend we could easily be looking to more than 100% increase in the price of MATIC.
This will be a long trade doesn't matter if it will be Bullish or Bearish, it can take several days or weeks, but I'm confident on massive gains on this one!
Personally I see this moment as a huge opportunity to buy MATIC, both as a trader and as a holder.
___________
Disclaimer:
This is not financial advice. The only purpose of this post is to share an idea and to talk about it.
Always remember do your own research!
For my Bullish friends:
- I traced Fibonacci from the lowest point in April at $0.25 right before the bullish momentum that took MATIC to $2.70.
- I took the EMA 200 in consideration to determine the trend (slightly up).
- The 0.786 Fibonacci Retracement ($0.25 to $2.70) is at $0.78.
- Using previous Supports & Resistances I determined my buying zone between $0.68 to $0.78
- The RSI indicator is at one of the lowest areas in months.
- The last reason is that MATIC is an amazing project and still has a lot to bring to the "crypto world"!!
For my Bearish friends:
- I used the EMA 200 and a previous area of Support ($0.74 and $0.68) as a prediction of where the price will fall.
- Based on that I traced our Fibonacci from $1.71 to $0.74, if we were to keep a down trend the Retracement would probably take us to something between $1.10 to $1.33
___________
Conclusion:
If the market shows itself on a Bearish trend and we have a "common" retracement to the Fibo 0.382 zone (around $1.10) we will be looking in a 50% increase on the price from $0.74 to $1.10 and if it the market tried the 0.618 we would be looking on a 80% increase on the price.
If the market shows itself on a Bullish trend we could easily be looking to more than 100% increase in the price of MATIC.
This will be a long trade doesn't matter if it will be Bullish or Bearish, it can take several days or weeks, but I'm confident on massive gains on this one!
Personally I see this moment as a huge opportunity to buy MATIC, both as a trader and as a holder.
___________
Disclaimer:
This is not financial advice. The only purpose of this post is to share an idea and to talk about it.
Always remember do your own research!
Trade active
Right on Spot! almost 50% up from the bottom of our "Buy zone" to the current price.
Disclaimer
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