Long
Posible Fakeout in MATIC ❌
This could be a fakeout of the asymmetrical triangle, as there is no volume and we haven't gone successfully below the last higher low (1.8).
However, if we breakout the 1.8 levels we will be testing the support at 1.7. Now, if we get back in the triangle this will be extremely bullish chart.
If we manage to climb up these resistances, we will see a climb up to 2.5 approximately.
Everything points that this is a fakeout but you should be careful.
However, if we breakout the 1.8 levels we will be testing the support at 1.7. Now, if we get back in the triangle this will be extremely bullish chart.
If we manage to climb up these resistances, we will see a climb up to 2.5 approximately.
Everything points that this is a fakeout but you should be careful.
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