MATIC Network Correction Complete? These Signals Say Yes!

2019年6月29日

Is MATIC Network correction complete?

We looked at MATICBTC as the "Perfect Bull Run Example", you can see it all here:

After such a strong run, lots of people are wondering what will happen next...

For MATICBTC a strong correction followed, this is normal after a strong bull run... Now, let's take a look at why this correction might be over...

Feel free to hit like now if you want to show your support... Let's get started!


MATIC Network (MATICBTC) Correction Over

• First, we can notice that MATICBTC retraced by almost 80% from its all-time high. Normally we see an 80% retrace after a strong bull run... This point has been met.
  
  
• ABC correction complete. We can a classic ABC correction wave completed.
  
  
• MATICBTC's price went just below the 0.786 Fib. retracement level from the last bullish wave.
  

Additional signals:

• RSI hit oversold and bounced strongly; now sitting on the bullish side.
  
• MACD bullish crossover.
  
• Trading above EMA10 and EMA100.
  
• Increasing trading volume.
  

All the signals above are pointing to the and of the correction... Bullish action might follow... Targets and support levels detailed on the chart.

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Thanks a lot for reading.

Namaste.

2019年6月30日

注释

+13% since sharing... Enjoy the profits.