Polygon's Matic token needs a push!
Matic is struggling to overcome resistance at 1.84972
There is another resistance line right above it (dashed red line).
Matic needs to then overcome the Daily Trend Line (noted as D TL on chart with red marker bar)
Matic needs a strong push to break these resistance lines and push through the Daily to reach the ATH of 2.70. Of all the tokens on the market now, Matic has the utility and loyalty base to climb past the ATH, if Bitcoin stays above it's 13 moving average on the monthly chart.
Currently the momentum seems to be needing some good news for crypto. The China crackdown, Elon Musk's tweets, crypto mining energy consumption concerns, and US investigation into Binance, seems to have spooked the big bulls away- despite the rally over the last day. Was this just a quick bull trap? Let's see if we can turn this around. Crypto is here to stay regardless of regulation and regardless of whether Elon Musk accepts Bitcoin for his cars.
Not financial advice, don't invest more than you can afford to lose.
There is another resistance line right above it (dashed red line).
Matic needs to then overcome the Daily Trend Line (noted as D TL on chart with red marker bar)
Matic needs a strong push to break these resistance lines and push through the Daily to reach the ATH of 2.70. Of all the tokens on the market now, Matic has the utility and loyalty base to climb past the ATH, if Bitcoin stays above it's 13 moving average on the monthly chart.
Currently the momentum seems to be needing some good news for crypto. The China crackdown, Elon Musk's tweets, crypto mining energy consumption concerns, and US investigation into Binance, seems to have spooked the big bulls away- despite the rally over the last day. Was this just a quick bull trap? Let's see if we can turn this around. Crypto is here to stay regardless of regulation and regardless of whether Elon Musk accepts Bitcoin for his cars.
Not financial advice, don't invest more than you can afford to lose.
Comment:
Matic has reached Target 1
Trade active:
Took 50% profit, letting the rest ride to Target 2.
