InvestMate ๐ฒ MATIC Attention Strong Resistance Zone ๐ฒ
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๐ฒ MATIC Attention Strong Resistance Zone
๐ฒ Nearest strong support zone: around recent lows.
๐ฒ Nearest strong resistance zone: around the fibo level 0.236 of the upward wave.
๐ฒ Technical environment:
๐ Moving averages: Uptrend
๐ MACD: Uptrend
๐ RSI: Uptrend
๐ฒ MATIC as I wrote in the last post perfectly reached the target
We are just now slowly reaching a strong resistance zone from which there is a high probability of executing a downward correction. I don't think we will reach the support zone, we will do something more like a flat correction we may even see the area around 1.200
๐The scenario I'm playing out is the execution of a downward correction. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
๐ If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. ๐
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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.