Matic coming back
#CryptoWhale100Billion Alt Coin Analysis: MATIC
Hey everyone, it's been a while since my last post. I've been quite busy with life, but I'm back and ready to share my latest analysis and predictions.
My analysis shows that MATIC may experience a bullish trend in the medium term. The current price is hovering around the support level of $0.53, and if it manages to hold this level, we can expect the price to rise to the next resistance level at $0.66 and potentially break out.
However, there's also a possibility of the price dropping to $0.47. before making a reversal. The RSI indicator is currently in the oversold region, indicating that MATIC is undervalued and may experience a bullish reversal soon. Additionally, the MACD indicator is showing signs of a bullish crossover, indicating that the momentum is shifting upward.
Strategy for MATIC would be to buy at the current price or lower, hold on to the position, and consider adding more if the price breaks through the resistance level. If the price drops below the support level of $0.47, it may be wise to consider buying or setting stop-loss orders.
Shoot me a message with your Technical Analysis to see your thoughts and trading strategies.
#CryptoWhale100Billion
Press The Thumbs Up and shoot me a message below with your ideas on where MATIC may go next.
Thank you for the support!
Below are some previous chart links I've written in the past for reference:
Hey everyone, it's been a while since my last post. I've been quite busy with life, but I'm back and ready to share my latest analysis and predictions.
My analysis shows that MATIC may experience a bullish trend in the medium term. The current price is hovering around the support level of $0.53, and if it manages to hold this level, we can expect the price to rise to the next resistance level at $0.66 and potentially break out.
However, there's also a possibility of the price dropping to $0.47. before making a reversal. The RSI indicator is currently in the oversold region, indicating that MATIC is undervalued and may experience a bullish reversal soon. Additionally, the MACD indicator is showing signs of a bullish crossover, indicating that the momentum is shifting upward.
Strategy for MATIC would be to buy at the current price or lower, hold on to the position, and consider adding more if the price breaks through the resistance level. If the price drops below the support level of $0.47, it may be wise to consider buying or setting stop-loss orders.
Shoot me a message with your Technical Analysis to see your thoughts and trading strategies.
#CryptoWhale100Billion
Press The Thumbs Up and shoot me a message below with your ideas on where MATIC may go next.
Thank you for the support!
Below are some previous chart links I've written in the past for reference:
~~~CryptoWhale100Billoon~~~
Related publications
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.