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MATIC network eyeing 2019 lows – Elliott Wave analysis

MATIC network eyeing 2019 lows – Elliott Wave analysis
Gregor HorvatGregor HorvatWavetraders

Hello traders,

MATIC Network versus the BTC is showing a bearish move, out of a completed triangle in wave b, and indicates more weakness into a wave c, which is part of a bigger a-b-c move from the highs. Wave c is an impulse, a five-wave move, and can reach 2019 lows.

MATIC Network/BTC, daily

Matic

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Author

Gregor Horvat

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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