So everything suggests that MMATIC is going to the moon or at least reach a new ATH soon enough. As we can see in the chart, it broke out of the triangle but if we look at the RSI and the price (red dotted lines) we see there's a regular divergence which suggests a reversal, a bearish one. Also, if you look at the past retracement, it seems that it likes to pull right under 0.618 where it forms a strong support and bounces upward. The only time it went below was in May - July but we all know that was an anomaly since the entire market took a pretty brutal dump. I think we will see MMATIC under $1.90 before it takes off. I might be totally off but I am setting my buy order at $1.88. I would rather lose an opportunity than lose my capital when the market is this fickle. But one thing I am quite certain is that MMATIC will see ATH pretty soon. Not financial 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.