Long
MATIC: Sideways Channel Breakout
Polygon (MATIC) technical analysis:
Trade setup: Bullish breakout from Sideways Channel ($0.75-$1.00). Trends have reversed to Uptrend and price could revisit $1.30 next.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $1.00 (previous resistance), then $0.75. The nearest Resistance Zone is $1.30.
Trade setup: Bullish breakout from Sideways Channel ($0.75-$1.00). Trends have reversed to Uptrend and price could revisit $1.30 next.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $1.00 (previous resistance), then $0.75. The nearest Resistance Zone is $1.30.
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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.