Short
MATIC/USDT - Potential Short Scenario
Hello Traders!
MATIC is moving within the descending trend.
Currently, the price is consolidated under the price level of $0.70 and MA100 on the weekly timeframe, which acts as a solid technical trigger in favor of the asset's continuation of the fall.
It can be assumed that the continuation of Bitcoin devaluation as an index of the whole cryptocurrency market will affect other assets in the form of impulse downward movement. In this case, we can consider the search for medium-term purchases.
The price range of $0.20 to $0.30 will be an area of interest for a set of medium-term purchases. The targets for such purchases will be price levels of $0.45 and $0.70.
Good luck, and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
MATIC is moving within the descending trend.
Currently, the price is consolidated under the price level of $0.70 and MA100 on the weekly timeframe, which acts as a solid technical trigger in favor of the asset's continuation of the fall.
It can be assumed that the continuation of Bitcoin devaluation as an index of the whole cryptocurrency market will affect other assets in the form of impulse downward movement. In this case, we can consider the search for medium-term purchases.
The price range of $0.20 to $0.30 will be an area of interest for a set of medium-term purchases. The targets for such purchases will be price levels of $0.45 and $0.70.
Good luck, and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
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.
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.