#MATIC did try to break the triangle pattern and ended up being a fake out. Still, price maintaining inside the pattern. Conditions are remains the same. If price break to upside then $1.38 - $1.39 will the potential retest area and you can have entries over there.

#𝗠𝗔𝗧𝗜𝗖 /𝗨𝗦𝗗𝗧 𝟭 𝗛𝗢𝗨𝗥 𝗧𝗜𝗠𝗘 𝗙𝗥𝗔𝗠𝗘 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦

• Its consolidating at its support level ($0.59)
Resistance is at $0.67

• If it breaks the support level will take a short position
Target - 3:1-2:1

• We will enter into a long position if there will be formation of a green bullish candle or a green hammer.
Target 3:1-2:1

#𝗠𝗔𝗧𝗜𝗖/𝗨𝗦𝗗𝗧 𝟭 𝗛𝗢𝗨𝗥 𝗧𝗜𝗠𝗘 𝗙𝗥𝗔𝗠𝗘 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦
• Support is at $0.577
There are three resistances :
R1- $0.63
R2 - $0.655
R3 - $0.675
For short position we will wait for a formation of red candle at R1.
Target - 3:1, 2:1

• We will avoid long position as of now and will wait for it to clear all the resistances.

#𝗠𝗔𝗧𝗜𝗖/𝗨𝗦𝗗𝗧 𝟭 𝗛𝗢𝗨𝗥 𝗧𝗜𝗠𝗘 𝗙𝗥𝗔𝗠𝗘 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦
• Currently you can see a downtrend in it, support is at $0.48, formation of a green hammer or a Bullishness candle (long).
Target - 3:1, 2:1

• If it breaks the support we will short our position.
Target - 3:1, 2:1

#𝗠𝗔𝗧𝗜𝗖/𝗨𝗦𝗗𝗧 𝟭 𝗗𝗔𝗬 𝗧𝗜𝗠𝗘 𝗙𝗥𝗔𝗠𝗘 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦
• Resistance level is at $1.04 .
First support level is at $0.756
Second support level is at $0.633
We can enter in a long position now.
Target - $1.04

• If it breaks the support level 1 we will short our position.
Target - $0.633

#𝗠𝗔𝗧𝗜𝗖/𝗨𝗦𝗗𝗧 𝟭 𝗛𝗢𝗨𝗥 𝗧𝗜𝗠𝗘 𝗙𝗥𝗔𝗠𝗘 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦

• Matic has three support levels:
Support level 1 - $0.877
Support level 2 - $0.8637
Support level 3 - $0.821
If it breaks the S1 then we will short our position to S2 and if it further breaks the level at S2 we will short our position to S3.

• If it breaks the resistance level we will then long our position.
Target - 2:1

#𝗠𝗔𝗧𝗜𝗖/ 𝗨𝗦𝗗𝗧 𝟰 𝗛𝗢𝗨𝗥 𝗧𝗜𝗠𝗘 𝗙𝗥𝗔𝗠𝗘 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦

• 1st support - $0.7895
2nd support - $0.7570
Formation of a green candle at support 1 will indicate bullishness thus we will long our position.
Target - 2:1

• If it breaks the support 1 we will then short our position.
Target - $0.7570

#𝗠𝗔𝗧𝗜𝗖/𝗨𝗦𝗗𝗧 𝟭 𝗛𝗢𝗨𝗥 𝗧𝗜𝗠𝗘 𝗙𝗥𝗔𝗠𝗘 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦 (𝗧𝗔𝗥𝗚𝗘𝗧 𝗔𝗖𝗛𝗜𝗘𝗩𝗘𝗗)

• In the previous analysis given, matic achieved all the targets of the short position. A fake breakout was also seen after the formation of the yellow ellipse.

Hope you would booked good profit.

#𝗠𝗔𝗧𝗜𝗖/𝗨𝗦𝗗𝗧 𝟭 𝗛𝗢𝗨𝗥 𝗧𝗜𝗠𝗘 𝗙𝗥𝗔𝗠𝗘 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦

• Formation of a red candle at the resistance will indicate bearishness thus we will short our position.
Target - $0.7660
2 support level - $0.7336

• If it breaks the resistance then we will long our position.
Target - $1.5:1
Stoploss - $0.7812

#𝗠𝗔𝗧𝗜𝗖/𝗨𝗦𝗗𝗧 𝟭 𝗛𝗢𝗨𝗥 𝗧𝗜𝗠𝗘 𝗙𝗥𝗔𝗠𝗘 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦

• As suggested from the previous trade we would have booked profit and achieved the given short targets, formation of a traingle pattern can be seen at the support, we will wait for a upward movement breaking the triangle thus we will long our position.
Target - $1.5:1
Stoploss - $0.7812

• If it breaks the traingle then we will short our position.
Target 1 - $0.7660
Target 2 - $0.7336

#𝗠𝗔𝗧𝗜𝗖/𝗨𝗦𝗗𝗧 𝟭 𝗗𝗔𝗬 𝗧𝗜𝗠𝗘 𝗙𝗥𝗔𝗠𝗘 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦

• Currently its trading at a resistance at $0.9217, if it breaks the resistance then we will long our position to resistance 2.
Target - $1.041

• Formation of a red candle at the resistance will indicate bearishness thus we will short our position.
Target - $0.756

#𝗠𝗔𝗧𝗜𝗖/𝗨𝗦𝗗𝗧 𝟭 𝗗𝗔𝗬 𝗧𝗜𝗠𝗘 𝗙𝗥𝗔𝗠𝗘 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦

• Recently it has broke the resistance, possibility is that it will reach the next resistance, thus we will long our position.
Resistance level(R1) - $0.9447
Target - $1.044

#𝗠𝗔𝗧𝗜𝗖/𝗨𝗦𝗗𝗧 𝟭 𝗗𝗔𝗬 𝗧𝗜𝗠𝗘 𝗙𝗥𝗔𝗠𝗘 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦

• It has pumped around 30% in 2 days, formation of a green candle at $0.9416 or hammer candle will indicate bullishness thus we will long our position.
Target - 2:1

• We will avoid short position as of now.

#𝗠𝗔𝗧𝗜𝗖/𝗨𝗦𝗗𝗧 𝟭 𝗗𝗔𝗬 𝗧𝗜𝗠𝗘 𝗙𝗥𝗔𝗠𝗘 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦

• It has a resistance at $1.280 and a support at $0.953 which was acting as a resistance level previously.
Currently Matic is consolidating between $0.953 and $1.280. We will enter in a position after a conformation only hence avoid any positions as of now.

#𝗠𝗔𝗧𝗜𝗖/𝗨𝗦𝗗𝗧 𝟭 𝗗𝗔𝗬 𝗧𝗜𝗠𝗘 𝗙𝗥𝗔𝗠𝗘 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦

• It has a resistance at $0.9489 and a support at $0.7888, formation of a bullish flag pattern can be seen, we can now enter in a long position.
Target 1 - $1.029
Stoploss - $0.8689

• Avoid short position as of now.

#𝗠𝗔𝗧𝗜𝗖/𝗨𝗦𝗗𝗧 𝟭 𝗗𝗔𝗬 𝗧𝗜𝗠𝗘 𝗙𝗥𝗔𝗠𝗘 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦
• A triple bottom can be observed in Matic; therefore, we may consider adding a call position here. We will enter the trade once it surpasses the mark at $0.5495.
Targets: $0.5812, $0.6273
Stoploss: $0.5376.

What will happen first? 🚀

#Bitcoin   : $70,000
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#Chainlink: $80
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#Dogecoin: $1
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