MATIC / USDT (1D)
Updated
MATIC looks ready to move upwards after a successful breakout and retest on the trendline. Bullish crossovers on Stoch RSI with the wick above Ichimoku cloud. I expect some resistance between fibs 1.272 and 1.618 before making a final push to new ATH. A relatively safe mid/long term hold with strong fundamentals to back.
Note
Quick update as BTC tanked this week due to people over leveraging again. MATIC is holding nicely at fib 0.618 (red box), this was within my calculated risk scenario so am still keeping. My previous comment predicting the resistance holds true so I continue to expect another attempt for ATH in the coming months.
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.