Long
MATIC-About to break out of macro 0.5 FIB
MATIC has been making inverse Head and Shoulder pattern on daily timeframe and on the Right Shoulder, we observed falling wedge which flipped the local 0.5 Fib resistance as shown in the image below along with the local support and resistance levels:
If we manage to flip the daily resistance, We can observe huge movement in MATIC.
If we manage to flip the daily resistance, We can observe huge movement in MATIC.
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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.