---- 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 MATIC
Market 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