🔥 MATIC Battle For The Uptrend: Danger Zone
Updated
MATIC is rapidly approaching the main support line which has been directing the trend for almost 9 months at this point.
Bulls are most definitely coming out in force once we reach this support. Naturally, Bitcoin needs to help here. If BTC sees bearish price action, MATIC will simply fall through the support and confirm the bearish mid-term bias. In case the support doesn't hold, I'm looking at 0.75 as the bearish target. In case we see a bullish reversal, 1.00 is the target.
Bulls are most definitely coming out in force once we reach this support. Naturally, Bitcoin needs to help here. If BTC sees bearish price action, MATIC will simply fall through the support and confirm the bearish mid-term bias. In case the support doesn't hold, I'm looking at 0.75 as the bearish target. In case we see a bullish reversal, 1.00 is the target.
Note
Support has been hit and reversal has been started. In the absence of bad news I'm expecting a move to 0.90 at least.Note
0.9 is short-term resistance. A break through there will confirm the bullish reversal from the purple support. Next target at 1.00!
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