As we can see on the daily timeframe, a symmetrical triangle has formed, which can be broken both up and down. If the price breaks the triangle up, there is a potential for growth to $ 2.2 or $ 2.4, but if it breaks down, the price may fall to $ 1.07. The upside potential of the coin is great, in the near future it should show good growth.
Like the idea, like and...
Matic Network at daily time frame forming a Symmetrical triangle, and has a good resistance at 1.69000. If it breaks its resistance it can give a healthy bullish move till 2.20555
Happy Monday guys, I'm here with another Signal
MATICUSDT has broken above a major Resistance and now it's ranging. because of the big Green candle I think it's gonna go higher how ever it might Pullback to 1.3 before it rises. So we need be cautious to see the price action.
Buy now or Buy at 1.300
SL @ 1.23
TP1 @ 1.5
TP2 @ 1.67
Happy Trading :)
If you...
Technical analysis:
. MATRICUSDT is IN down trend, the beginning of an uptrend is expected from here.
. The price is trading BELOW 21- MA as well as 50 MA, NEED to breakout both MA's as well as downtrend to be bullish.
Take Profits:
TP1= @ 1.75
TP2= @ 2.33
TP3= @ 2.69
SL= 0.90
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Matic Needs to breakout that resistance for bullish momentum
Matic is currently on Dropping after testing resistance resistance if btc starts dumping matic could dump hard
chart is also looking bearish
Open shorts 1.85
Sl break above 2$
Target 1.50$
RR 3.0
