Long
MATIC/USDT - Waiting game for $9 target
Hello traders and investors,
Today we look at polygon matic / USDT pair with the usual critical eye.
Looking at the recent moves, I see that intermediate blue wave 3 reached the 3.618 Fibonacci target with a series of 1-2 1-2 1-2 extensions.
I believe that May 2021 pick was intermediate blue 3 rather than primary purple wave 3 because I compare the size of the red minor degree wave 2 and wave 4 (he look similar 35days correction and 37 days correction).
Therefore I assume that we are currently in the creation of intermediate blue wave 4 and it will take some time to complete (1.618 or 2) of wave 2, with a retracement that should bring us in the same region of wave 4 of one less degree. (Ahimé at $0.33).
If that is the case, I will once again fill my bag and wait for the explosive composition of intermediate wave 5 of primary 3 which is currently at 2.618.
I have no rush in buying now. Waiting for the market to play out, if minor wave A red is actually the end of the entire correction, it means that it took only 38.2% of the time of intermediate wave 2 and retrace only 23.6%. It's possible, but I will be waiting for the market to unfold in the next few days before considering an alternative.
What do you think? What's your target?
Today we look at polygon matic / USDT pair with the usual critical eye.
Looking at the recent moves, I see that intermediate blue wave 3 reached the 3.618 Fibonacci target with a series of 1-2 1-2 1-2 extensions.
I believe that May 2021 pick was intermediate blue 3 rather than primary purple wave 3 because I compare the size of the red minor degree wave 2 and wave 4 (he look similar 35days correction and 37 days correction).
Therefore I assume that we are currently in the creation of intermediate blue wave 4 and it will take some time to complete (1.618 or 2) of wave 2, with a retracement that should bring us in the same region of wave 4 of one less degree. (Ahimé at $0.33).
If that is the case, I will once again fill my bag and wait for the explosive composition of intermediate wave 5 of primary 3 which is currently at 2.618.
I have no rush in buying now. Waiting for the market to play out, if minor wave A red is actually the end of the entire correction, it means that it took only 38.2% of the time of intermediate wave 2 and retrace only 23.6%. It's possible, but I will be waiting for the market to unfold in the next few days before considering an alternative.
What do you think? What's your target?
Note
Minor red Wave B completed with an ending diagonal on low volume. Waiting for impulse down Note
A-B-C playing out
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.