omi7

MATIC - next leg up incoming

Long
BINANCE:MATICUSDT   MATIC Network / TetherUS
First of all, BTC on-chain data strongly suggests that whales are accumulating and we are about to end that >50% pullback from ATH - this will support all altcoins.
Secondly, MATIC have found support on 21 SMMA (daily chart), created nice pin bar and if we will close today around $1.50, it will be very very bullish.
RSI cooled down, on lower time frames it is in oversold area.
Finally, MACD - bearish momentum becoming weak, closing above 1.50 today will start the path to bullish cross.

I see MATIC over $3.00 in June fore sure, only some Volume is needed.

"This is" financial advice - don't be stupid, buy now when MATIC is cheap! ;) Good luck, comment, share and like.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.