Matic Network ( $MATIC 1W) it’s not automatic
The DOW theory state that an asset cannot be into trend at the same time.
It is either an uptrend or a downtrend with counter trending moves in between.
Even with his massive volatility, the coin is consistently printing higher highs on a weekly timeframe.
Now that it is traded above the 20-week EMA and with a Stochastic recently crossing up. I think it can be a great buy.
But because of the speculative nature of cryptocurrencies and the unknown surrounding the duration of the current “Alt season” I would not hold the coin very long. Take profit at the last weekly wick (283 sat).
On a daily timeframe, we can see the start of a reversal but nothing is confirm yet.
As time goes by, I will keep you updated on the evolution of the coin, so make sure to follow me on twitter: @Djio_
Disclaimer: This is not financial advice as I’m not a financial adviser. This is just my knowledge on what can be said from the chart. Due to the volatile nature of the cryptocurrencies market, it can change on a day to day basis. Everyone is wise to manage their own risk properly when considering any trading decision or activities.
It is either an uptrend or a downtrend with counter trending moves in between.
Even with his massive volatility, the coin is consistently printing higher highs on a weekly timeframe.
Now that it is traded above the 20-week EMA and with a Stochastic recently crossing up. I think it can be a great buy.
But because of the speculative nature of cryptocurrencies and the unknown surrounding the duration of the current “Alt season” I would not hold the coin very long. Take profit at the last weekly wick (283 sat).
On a daily timeframe, we can see the start of a reversal but nothing is confirm yet.
As time goes by, I will keep you updated on the evolution of the coin, so make sure to follow me on twitter: @Djio_
Disclaimer: This is not financial advice as I’m not a financial adviser. This is just my knowledge on what can be said from the chart. Due to the volatile nature of the cryptocurrencies market, it can change on a day to day basis. Everyone is wise to manage their own risk properly when considering any trading decision or activities.
