MATIC/USDT : Some similarities with Ethereum from 2017 !

26 thg 12, 2021

BINANCE:MATICUSDTETHUSD
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !

There're some fractal similarities between #MATIC and #ETH.
Let me mention some of them :
- Ascending triangle formed on High Time-Frame charts
- Deviation below the S/R line
- Demand zone forming into the same levels of the formation
- Same bullish order-block / Base zone before any bull-run confirmation
- Same counts on the retest of the triangle's lower

📚 Based on Fractal we can have $9.5 as our last target and FIB extension's levels are confirming the targets too !
🔴 The only critical thing about the chart and fractal is our different market cycle ( We're not into any bull-run currently ).
📈 In any terms of breakout; We can enter on the retest of ATH's resistance on the huge volume candles as breakout confirmation.
( $2.3 - $2.5 Could be a good entry for us to enjoy the ride; But there's still a chance for multiple green candles to ladder above $3.5, In that case you need to use partial strategy and split your entries ! )

- So we need to pay attention about our entry and every fragment into the ATH's resistance zone.

Hope you enjoyed the content I created, You can support us with your likes and comments !
Attention: this isn't financial advice we are just trying to help people on their own vision.

Have a good day!
Helical_Trades