#MATIC HTF super bearish
In this chart I tried to predict all possible scenarios and highlighted the most strong resistance (red lines) and support (green lines) levels.
Since I am trying to make understanding my TA easier. I marked every possible move of the coin with numbers.
Now let me explain every number:
1. Matic bounces until Monthly 50 ema support at the level 0.63$ and from that level we get bear reaction. It can be long wicks above the candle or bearish divergence on LTF. In this case the probability to see downward move towards to 0.25$ increases
2. The coin goes higher to 0.72$ where it faces with W FVG and D 100 ema resistance - we see bears reaction in this case price comes back to 0.63$ and below.
3. Coin breaks through 0.72$ resistance, retests that level ( because it becomes a support) and in this case the continuation of the uptrend increases and we may see the coin around 0.92$
4. The coin faces 0.92$ where there is M FVG + Weekly 50 and 100 ema resistance. We see bears reaction in this case Matic welcome back to 0.72$
5. The coin breaks through 0.92$, would be nice to see the retest of that level, in this case the coin go higher to 1.1$ and etc
Since I am trying to make understanding my TA easier. I marked every possible move of the coin with numbers.
Now let me explain every number:
1. Matic bounces until Monthly 50 ema support at the level 0.63$ and from that level we get bear reaction. It can be long wicks above the candle or bearish divergence on LTF. In this case the probability to see downward move towards to 0.25$ increases
2. The coin goes higher to 0.72$ where it faces with W FVG and D 100 ema resistance - we see bears reaction in this case price comes back to 0.63$ and below.
3. Coin breaks through 0.72$ resistance, retests that level ( because it becomes a support) and in this case the continuation of the uptrend increases and we may see the coin around 0.92$
4. The coin faces 0.92$ where there is M FVG + Weekly 50 and 100 ema resistance. We see bears reaction in this case Matic welcome back to 0.72$
5. The coin breaks through 0.92$, would be nice to see the retest of that level, in this case the coin go higher to 1.1$ and etc
Aviso legal
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