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LONG $MATIC: DAILY and a possible WXY formation ended/ing
LONG $BINANCE:MATICUSDT.P
My take is that MATIC has been forming and may now have ended (else is close to ending) a complex triple three (3-3-3) WXY correction.
Said correction is, as per Elliott Wave theory, comprised of a combinations of corrective patterns.
I spot three ossible ABC´s within the WXY-
Target area for Y wave has been hit at $0.7713 , and may still go a little further towards $0.6704, but needs not to as we have a full pattern.
Said development would align with the expected ending of Bitcoin´s own correction which "could" finish some place between $37.800 and $35.460 (bearish view) or could have bottomed in this last swing low at $38.540 (I find it less likely but yet possible).
In a word:
LONG MATIC from here up until at least $0.9345 and then... we shall see ;).
My take is that MATIC has been forming and may now have ended (else is close to ending) a complex triple three (3-3-3) WXY correction.
Said correction is, as per Elliott Wave theory, comprised of a combinations of corrective patterns.
I spot three ossible ABC´s within the WXY-
Target area for Y wave has been hit at $0.7713 , and may still go a little further towards $0.6704, but needs not to as we have a full pattern.
Said development would align with the expected ending of Bitcoin´s own correction which "could" finish some place between $37.800 and $35.460 (bearish view) or could have bottomed in this last swing low at $38.540 (I find it less likely but yet possible).
In a word:
LONG MATIC from here up until at least $0.9345 and then... we shall see ;).
Trading ditutup: target tercapai
pattern worked 100%
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.