Update on MATIC and its bullish uptrend
I've been watching MATIC climb back its gains all day today, thought id do some more charting after work.
Looking at its current run we have jumped above the current support line (Support 2), if we carry the momentum over the next couple of candles I can see MATIC making its way to the $1.6 mark (Next Support) from there I can see it bouncing between support and resistance between $1.6 and $1.8.
Similar to what happened last week we will either break towards $2 or retrace to previous support levels at $1.3.
Need to see how the next few 4hr candles play out. This isnt financial advise but my ideas looking at the charts.
Let me know if you have any comments
Looking at its current run we have jumped above the current support line (Support 2), if we carry the momentum over the next couple of candles I can see MATIC making its way to the $1.6 mark (Next Support) from there I can see it bouncing between support and resistance between $1.6 and $1.8.
Similar to what happened last week we will either break towards $2 or retrace to previous support levels at $1.3.
Need to see how the next few 4hr candles play out. This isnt financial advise but my ideas looking at the charts.
Let me know if you have any comments