PolygonLong
MATICUSD showing strength
Updated
Hello,
Today we look at MATIC.
- MATIC is still in strong support zone, not yet broken out.
- It is also battling 21 weekly EMA. If it manages to cross up, it is a very bullish sign.
- It is in a bullish divergence (RSI making higher low while price makes a lower low).
- Volume has increased in the last weeks, showing potential that bottom is in.
- RSI got up above 43 and tested it as support. RSI cross above 43 has always showed to be bullish.
Resistance levels:
- 0,75 USD
- 1 USD
- 1,3 USD
Remember to take profits along the way. Do not be too greedy. Success is a series of small(er) wins, not one major win.
Make sure to check my other posts, all are still valid.
XLM has already made x2 since my post, DOT is up 50%...
Not a financial advise. Do your own research.
Good luck!
Today we look at MATIC.
- MATIC is still in strong support zone, not yet broken out.
- It is also battling 21 weekly EMA. If it manages to cross up, it is a very bullish sign.
- It is in a bullish divergence (RSI making higher low while price makes a lower low).
- Volume has increased in the last weeks, showing potential that bottom is in.
- RSI got up above 43 and tested it as support. RSI cross above 43 has always showed to be bullish.
Resistance levels:
- 0,75 USD
- 1 USD
- 1,3 USD
Remember to take profits along the way. Do not be too greedy. Success is a series of small(er) wins, not one major win.
Make sure to check my other posts, all are still valid.
XLM has already made x2 since my post, DOT is up 50%...
Not a financial advise. Do your own research.
Good luck!
Trade active
MATIC broke above support zone.
Price crossed above 21 weekly EMA, need to close above it as support.
RSI bouncing from 43.
It seems MATIC is getting ready for "lift-off".
I accumulated it in support zone but there is still nice profit to be made if bought now. Just do not be too greedy and exit at the right time,.
Note
MATIC just tested upper line of strong support zone (box) and bounced off of it (healthy move, as long as it stays above).
RSI on weekly still above 50 (bullish).
Stay calm, do not panic. This was just a flash crash, testing support.
MATIC is still on track.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.