MATIC - what we looking at
I like MATIC. I think its a solid project and seems to have a legitimate team and agenda behind it.
Heres what are looking at ahead in terms of key price areas, support/resistance. Number 1 through 5, these are the big lines ive identified (time will tell how they play out). (Fibonacci mapping from absolute high to local low here.)
Price action is grinding up towards the neckline of this inverse head and shoulders and it looks like things are going to coincide with the macro downtrend overhead; that has been in place for quite some time now. I'm expecting some consolidation either below or above the neckline, before a decent break to the upside; the first target of which (Taking the height of the head component for reference) takes us to the 0.786 fib level
Im looking forward to what's to come for MATIC
Heres what are looking at ahead in terms of key price areas, support/resistance. Number 1 through 5, these are the big lines ive identified (time will tell how they play out). (Fibonacci mapping from absolute high to local low here.)
Price action is grinding up towards the neckline of this inverse head and shoulders and it looks like things are going to coincide with the macro downtrend overhead; that has been in place for quite some time now. I'm expecting some consolidation either below or above the neckline, before a decent break to the upside; the first target of which (Taking the height of the head component for reference) takes us to the 0.786 fib level
Im looking forward to what's to come for MATIC
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