Ollie7
Long

MATIC Could Deliver If Volume Picks Up

BINANCE:MATICBTC   MATIC Network / Bitcoin
MATIC/BTC has broken out of a bullish pennant on the daily - albeit with not a great deal of momentum. Also appears to have uncoupled somewhat from the bearish BTC market.

At the moment, it looks like its struggling against the 0.786 Fib res around the psychological 160 Sats level.

Volume has been rising over the past 18 days despite the widespread bear market, but still waiting for additional support to arrive.

The main res area for this asset appears to sit above between the 210 and 230 Sats levels, which has been a strong s/r area in the past. Not much is standing in the way of this area from the current price level so we could see a 30% jump if the 0.786 fib is overcome.

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