Updated
MATIC: A double top or just a break?
Matic is at a critical level. If it doesn't pass 1.7 then should hit 1.5 before it's next move. The trading channel is clear on the chart. The RSI is slightly high but not at a critical level and at the same level as last time we hit 1.7 back in Jun. It could continue its run after another red candle but it could also take a few days off and reach 1.5. I don't see any reason for a trend reversal at this point, but keep an eye on that trendline.
Trade closed: target reached
Market Maven: Never Miss a Move.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
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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.
Market Maven: Never Miss a Move.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
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.