Continue on uptrend?

6 juin 2021

Hi traders,

Matic has been on an uptrend for 155 days.

For shorter period of a time, It made a lower high. That shows we are currently in a downtrend. There is a strong support area shown in the chart.

You see my expectation, which is for price to form a rising triangle formation after breakout the support area and bounces back major uptrend. In that case, the entire market will decide if major uptrend wins against resistance area and a downtrend or vice versa.

The key levels are also indicated in the chart.

Stay safe traders^^.

12 juin 2021

Transaction en cours

It moves as expected. I have made two trade. The first is, when the support area has broken and there was a pull-back [SHORT]. The second is that when the price hit the trend line. To be honest, I was going to STOP-LOSS manually because of the wicks. However, I chose waiting for the candle closes. Fortunately, It was a right decision.