Updated
MATIC is ready to move
MATIC is consolidating just below the strong weekly resistance. The prices are now compact in a narrow area formed by a rising trendline and this weekly resistance.
Breakout (A) or breakdown (B) seems about to come.
On 2D TF, MFI already broken its resistance and is consolidating right ahove this one (see the below screenshot). This supports eventually a breakout, if BTC does not become bad (i.e holding $22500 level).
Note
Finally B scenario happens. MATIC lost the trendline and is retesting it
Note
Fakeout happened. Scenario A is the right one.
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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.