Long
MATIC bottomed near 1.3 w/ engulfing; big resistance zone ahead
This just an update from the previous post w/c finally starts to play out.
MATIC most likely bottomed as it has repeatedly bounced from the 1.3 zone. However there is a big resistance zone between 1.533 & 1.67.
There should be a follow up to this engulfing candle in the days ahead. Failure to break above the resistance zone will set MATIC in a consolidation range.
Not trading advice
MATIC most likely bottomed as it has repeatedly bounced from the 1.3 zone. However there is a big resistance zone between 1.533 & 1.67.
There should be a follow up to this engulfing candle in the days ahead. Failure to break above the resistance zone will set MATIC in a consolidation range.
Not trading advice
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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.
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.