Long
MATICUSDT 1H - narrowing of VWAP bands
MATIC since January 7th at 3:00 am (UTC +1) is in the accumulation phase, with super narrow VWAP bands which indicate a possible upward explosion.
the price above the Ichimoku Cloud indicates that buyers are supporting the price, and the cloud at this moment is a powerful support. Another good bullish indicator is the MM100 where MATIC almost always transits above it, confirming the bullish bias.
MATIC is a scaled blockchain built on top of Ethereum, which has made huge strides in the Web 2.0 ecosystem recently. Polygon has partnered with several brands such as Starbucks for its Odyssey digital collectibles rewards program and Disney for its accelerator program, as well as having major clothing brands such as Prada and Adidas launch NFT projects through its blockchain. More recently, Mastercard partners with Polygon Network (MATIC) at the start of the new Web3 incubator
Supports and resistances follow, don't forget that today is Sunday and the trading volume is lower.
S:0.8024 / 0.8010 / 0.7958
R:0.8088 / 0.8113 / 0.8142
the price above the Ichimoku Cloud indicates that buyers are supporting the price, and the cloud at this moment is a powerful support. Another good bullish indicator is the MM100 where MATIC almost always transits above it, confirming the bullish bias.
MATIC is a scaled blockchain built on top of Ethereum, which has made huge strides in the Web 2.0 ecosystem recently. Polygon has partnered with several brands such as Starbucks for its Odyssey digital collectibles rewards program and Disney for its accelerator program, as well as having major clothing brands such as Prada and Adidas launch NFT projects through its blockchain. More recently, Mastercard partners with Polygon Network (MATIC) at the start of the new Web3 incubator
Supports and resistances follow, don't forget that today is Sunday and the trading volume is lower.
S:0.8024 / 0.8010 / 0.7958
R:0.8088 / 0.8113 / 0.8142
Trade active
It broke the accumulation zone and at the moment it is at MM200 and licking the upper of the VWAP which are two powerful indicators that impose a strong resistance, with the possibility of a retreat up to 0.8489.Here are the supports and resistances:
S:0.8489 / 0.8316
R: 0.8907 / 0.9114
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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.