Long
Polygon (MATIC/USDT) technical analysis
Price is moving in an uptrend channel. Currently, the price is bouncing off the two minor downtrend lines. After the downtrend line breaks, there are two possible targets; the ascending channel's top line and the horizontal line.
Trade closed: target reached
MATIC has reached its target; the upper line of the channel. Price will probably oscillate between the two horizontal lines.
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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.