MATICUSDT to hit weekly support zone before bounceThe price was rejected from monthly resistance MR1 and currently it is trading between monthly resistance MR1 and weekly support WS1. The price had reached MR1 zone after trading for a longer period around WS1 zone. I believe, the likelihood of the price hitting this weekly support zone WS1 is high. This will allow the price to bounce again from that zone. This bounce may allow the price to aim for the MR1 zone again.
Maticusdttrade
#MATICUSDT: two new targets!!dear traders
we are expecting bullish trend to continue from current price zone, let's wait and watch how price react from here on/
Comment down your views!!
MATICUSDT any dip to weekly support is for longAnalysis: HTF
The price broke down from the previous weekly support and came back down to next weekly support which is marked as WS1 on the chart. That support did not hold but weekly support WS2 held the price and provided the expected bounce. Next weekly support level is WS2 but I doubt we will visit there. Any further dip to the weekly support WS1 is for buying. As far as current price action is concerned, it is currently facing daily resistance. If this resistance is broken, the next level is the next daily resistance DR2 around 0.77.
