MATIC Polygon has been one of the coins with high volatility and now that it is near two curical support lines, I expect it to dip a little further from here and bounce back very strong from here. If support is broken, entry is invalidated. I expect the support to hold strong. RSI is oversold here and might be a good sign to enter once MACD validated after a little dip.
Matic is going to breakout, long it for possible gains!
-MATIC fell -23% from high as Tesla reverts BTC support -Major support comes in at $0.925 -MACD signaling more downside may come MATIC has had an awesome last month as price rose over 300%. MATIC hit an ATH of $1.22 but shortly after fell as the entire market took a hit. MATIC has risen drastically and now may be the time to be concerned of large potential...
time to short some MATIC .... all this is a hypothetical entry experiment running
We are doing Analysis of MATIC/BTC on 4Hrs Timeframe . I have Mention Support and resistance levels on Chart with trend line. Note: This is only for Educational Purpose this is not an Investment advice. Please support the setup with your likes, comments and by following on Trading View. Thanks Anish kumar
We are doing Analysis of MATIC/BTC on 4hrs Timeframe . I have Mention Support and resistance levels on Chart with Trend line and i see volume is decerising, i indicated red arrow. Note: This is only for Educational Purpose this is not an Investment advice. Please support the setup with your likes, comments and by following on Trading View. Thanks Anish kumar
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
My analysis short position entry if break 0.02123 usd