PolygonLong
Quick Update on MATIC Coin
MATIC just broke out of the symmetrical triangle and already dipped down to confirm support on the previous resistance line. It also already build up two minor resistance areas; the most important one was hitting resistance at the $1 line. I bet that resistance level is mostly due to people more than anything else.
If you zoom out and look at the trend-based Fibonacci lines, it looks like the next target could be $1.18 as long as it stays above $1 and breaks through the $1.06 fib line. Use this time to get good at reading the candlestick patterns. That's what I'm studying at this moment.
At this time, resistance is at the middle of the large green candle that broke above $.97. If it ends up breaking that resistance line, it'll dip back down to $.97 and test the tops of previous candles/resistance line at $.97.
Good luck to all, and don't forget to set stops!
If you zoom out and look at the trend-based Fibonacci lines, it looks like the next target could be $1.18 as long as it stays above $1 and breaks through the $1.06 fib line. Use this time to get good at reading the candlestick patterns. That's what I'm studying at this moment.
At this time, resistance is at the middle of the large green candle that broke above $.97. If it ends up breaking that resistance line, it'll dip back down to $.97 and test the tops of previous candles/resistance line at $.97.
Good luck to all, and don't forget to set stops!
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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.
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.