Matic analysis
Hello everyone! Today I look a little into matic since I am investing into a matic/day liquidity pool.
My thoughts so far are that matic is generally bearish but looking over at the macd and the support areas, depending on the crypto markets' momentum, we might be looking at a small bullish day or week sooner or later.
Personal recommendation? Don't trade and wait for the moment, the likelyhood that the price will go lower is high yet there is a small chance that the price will also go a bit higher, especially if it manages to push through the resistance area. So in case of uncertainty, you and your money are better of sitting than risking them on low probability trades.
Thank you for looking up my idea and reading, I wish you an awesome day! :D
My thoughts so far are that matic is generally bearish but looking over at the macd and the support areas, depending on the crypto markets' momentum, we might be looking at a small bullish day or week sooner or later.
Personal recommendation? Don't trade and wait for the moment, the likelyhood that the price will go lower is high yet there is a small chance that the price will also go a bit higher, especially if it manages to push through the resistance area. So in case of uncertainty, you and your money are better of sitting than risking them on low probability trades.
Thank you for looking up my idea and reading, I wish you an awesome day! :D
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.