AlanSantana

MATIC Network Correction Complete? These Signals Say Yes!

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AlanSantana Actualizado   
BINANCE:MATICBTC   MATIC Network / Bitcoin
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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