Matic Buyers Pressure, Is $1 coming soon? LFG bulls!
Updated
Matic buyers are exerting persistent pressure, successfully navigating through every resistance encountered. This trend suggests an imminent dismantling of the current resistance at 0.8737, granting the bulls access to the levels of 0.7488 to 0.87692.
It's crucial to observe the current range on the 4-hour chart, spanning from 0.8424 to 0.8618. This range may introduce a temporary slowdown in the bullish movement, prompting buyers to seek support. However, any potential pullback is likely to find support around 0.8, preventing a substantial retreat.
While the ongoing consolidation may extend, pushing the buyers down to 0.7899, there's a strong indication that buyers will endure this challenge and mount a robust countermove. This resilience is expected to trigger a retaliation, leading to the hunting of bears and a breakthrough of the significant resistance at 0.872. The subsequent climb could propel Matic to achieve new highs at 0.9488, and with sustained momentum, a move towards $1 to $1.0233 seems plausible in the near future.
It's crucial to observe the current range on the 4-hour chart, spanning from 0.8424 to 0.8618. This range may introduce a temporary slowdown in the bullish movement, prompting buyers to seek support. However, any potential pullback is likely to find support around 0.8, preventing a substantial retreat.
While the ongoing consolidation may extend, pushing the buyers down to 0.7899, there's a strong indication that buyers will endure this challenge and mount a robust countermove. This resilience is expected to trigger a retaliation, leading to the hunting of bears and a breakthrough of the significant resistance at 0.872. The subsequent climb could propel Matic to achieve new highs at 0.9488, and with sustained momentum, a move towards $1 to $1.0233 seems plausible in the near future.
Note
Note
#MATIC bulls persisting, the journey to $1 so far, take note of the 0.93 to 0.94 range, I see a pullback soon before hitting this target.
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