MATIC short-term consolidation via flag pattern w/ a measured move to $2.00. Medium-term consolidation via inverted head and shoulders w/ a measured move to $2.30. Anything can happen if we rip through these resistance areas as there's not much resistance beyond that and FOMO will kick in. SOL proved that to us recently.
Couple things I really like about MATICs chart:
(1) Very symmetrical. It seems to abide by the technicals as bigger investors are here meaning less fu**ery from traders
(2) Above all moving averages. Clear relative strength to most of the crypto market and these MAs will serve as strong support on any dips
Couple things I really like about MATICs chart:
(1) Very symmetrical. It seems to abide by the technicals as bigger investors are here meaning less fu**ery from traders
(2) Above all moving averages. Clear relative strength to most of the crypto market and these MAs will serve as strong support on any dips
Note
Boom. Ripping when Bitcoin is just hangin' out. Plenty of room on the RSI for things to get wild here.
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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.