A while ago I made an analysis on MATIC and the bullish triangle it was trading in. After a re-test of the triangle's support MATIC regained its strength and continued to outperform the market.
With the first target area of 0.74 reached, it's a matter of time before we make a move towards $0.8
However, be aware that we're currently in overbought territory, so a minor pull back is to be expected. Trade is invalidated if we close below 0.6
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.