Long
MATIC ANALYSIS (HITTING YEARLY TREND!)
MATIC
MATIC cleared T1 on my previous analysis and take profit 1 was breached. MATIC has since dropped back to the 200 MA and the upward trend. This is prime spot to long near 190 sats. Looking out, T1 at 100 MA is the first re-attempt target at 216 sats. This is followed by the 50 MA at T2 of 240 sats. 50 MA is clearly above 100 MA and still represents a bullish pattern. Lastly T3 top and final target for MATIC is at 262 sats. The upside looks much stronger here than the downside. The downside being that Matic does break the 200 MA and Trend and drops back to major support. I do expect a push up though and another shot at daily resistance block.
Possible Entries: 190 sats
MATIC cleared T1 on my previous analysis and take profit 1 was breached. MATIC has since dropped back to the 200 MA and the upward trend. This is prime spot to long near 190 sats. Looking out, T1 at 100 MA is the first re-attempt target at 216 sats. This is followed by the 50 MA at T2 of 240 sats. 50 MA is clearly above 100 MA and still represents a bullish pattern. Lastly T3 top and final target for MATIC is at 262 sats. The upside looks much stronger here than the downside. The downside being that Matic does break the 200 MA and Trend and drops back to major support. I do expect a push up though and another shot at daily resistance block.
Possible Entries: 190 sats
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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.