MATIC/USDT : Bullish reversal confirmed
Brian Leclere - 21 July 2022 - APP MARKET_MINDS MATIC MEDIUM_TERM
—- Mid-term Analysis for the next coming 4 weeks to 3 months – Daily on Daily Chart (LOG)——-
MATIC/USDT: Bullish reversal confirmed
Context
The Global Crypto market leads by BTC and ETH is now showing strong signs of bullish reversal which is also the case on MATICMarket configuration
– Graphical Elements :
Graphical Resistance = 1,04 & 1,33
Graphical Support = 0,63 & 0,42- Mathematical Indicators:
EMA ( Exp Moving averages) are support with a bullish cross = Bullish
RSI indicator (below) is reintegrating 50% = Bullish
Context
The Global Crypto market leads by BTC and ETH is now showing strong signs of bullish reversal which is also the case on MATICMarket configuration
– Graphical Elements :
Graphical Resistance = 1,04 & 1,33
Graphical Support = 0,63 & 0,42- Mathematical Indicators:
EMA ( Exp Moving averages) are support with a bullish cross = Bullish
RSI indicator (below) is reintegrating 50% = Bullish
– Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target c B has been already reached = 0,32
Fibonacci support of the wave (iv) = 0,63
Fibonacci Bullish Target = 1,33
Conclusion
Prefered case => As long as 0,63 remains support a strong bullish momentum is expected towards 1,04 before 1,33 – buy any dips around 0,87
