Long

Matic Make or Break Zone

Updated
MATIC/USDT has been rising since Dec 2020 quite wonderfully while maintaining the uptrend. It has fairly taken support on "50-Day EMA" multiple times now and if by chance it breaks it this time due to BTC's movement than immediate support at "Uptrend Line" in white.
As of now it is forming Symmetrical Triangle which has a potential to break either side (Upside or Downside) and one thing to mention here is regardless of what the TA is saying Matic (POLYGON) is an interoperability and scaling framework for building interconnected blockchain networks .It is one of the good projects with strong Fundamentals and reliable partnerships (You can read more about it more on CoinMarketCap) which has scope of high returns in the future.

For Educational Purposes Only (DYOR).

CryptoCuriousOfficial 📥
Note
Uptrend Line Broken. What's next ?
Chart PatternsTechnical IndicatorsMATICUSDTTrend Analysis

Also on:

Related publications

Disclaimer