In this technical analysis, we will examine the MATIC/USDT trading pair's recent price action and chart patterns. 1. Resistance Area - 0.8000-0.8150: MATIC/USDT has been facing a significant resistance area around 0.8000-0.8150. Multiple attempts to break above this zone have resulted in pullbacks. Traders should closely monitor this level as a successful...
After a good correction in all the crypto market. A bottom/base seems to be formed. If It has to give a good up move, this is the place after the trendline breakout it will change its swing to uptrend. Levels are well explained in the charts.
Matic did an ascending triangle breakout also the BTC pair did a breakout, Matic is looking ready for a new all-time high. Targets would be $2.50 and upwards.
If Matic crosses the white line then you can have a long position and the target will be the yellow circle.
what i see in matic , depends on where it stays , can long after breaking the triangle
Price Action Trading:- Buy on Breakout of the trendline, atleast 15min candle should close above 1.3570 STOPLOSS below previous pivot low i.e below 1.2937 Reasons to go long 1. Support Zone 2. 0.5 Fib Lv 3. Double Bottom Pattern
MATIC=USD Chart looking bulish end of year target around $8.5 on conservative side if breaks then next around $11.5. anything can happen in last legup or last Pump.
probably a cup and handle pattern target would be 290 sat if that's break 348 will be next target Not a Financial advice Team James