Update For MATIC/USDT Analysis 📈📉
Updated
As I expected in the last analysis, Matic was able to grow again due to excellent fundamental behind it and was able to reach the first and then the second TP.
🎯tp1✔️ 🎯tp2 ✔️ 🎯tp3🕒🔃
Although this previous analysis is still active, but Matic was not able to reach the third TP.
And as you can see on daily timeframe it fell as Bitcoin fell, and recently its important trendline has been broken and caused further fall for matic. meanwhile , the 21-day exponential moving average has crossed the 50EMA and 100EMA , respectively, and is approaching the 200EMA, which could cause it to fall again.
It is currently trading on the pivot level, which if losT this key zone it can decrease to lower support range. But if it maintain this range
zone and accumulate for a while, it may be able to grow up to the red resistance range box.
so anyway in order to have an uptrend rally ,again needs to rise above resistance zone again and be supported with enough buying volume .
EMAs (21EMA red -50EMA yellow-100EMA light blue-200EMA dark blue)
🛑resistance level: $2 - $0 2.2 /// 0.188-0.193$ ///0.2142-0.2244
🆚pivot zone: $1.42 - 1.56$
❇️support levels: $1 -$1.11 /// $0.74--$0.85
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
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Note
''' 🛑resistance level: $2 - $ 2.2
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