Matic Network ready for a rally to $0.02 - $0.025
Updated
A new week, new charts on TradingView.
Let’s start of the week with Matic (MATIC Network).
Yes, it has seen a tremendous growth earlier and a massive dump, but we could see some upwards momentum back again.
Reasoning is simple;
The green zone around $0.15-0.16 marked as support and flipped from resistance to support here.
As long as that area remains support and we move sideways, continuation upwards is likely to occur.
In that way, two targets can be defined (actually three);
- $0.019
- $0.02-0.021
- $0.025-0.026
Very easy stop/loss below green zone could make this a good setup.
Let’s start of the week with Matic (MATIC Network).
Yes, it has seen a tremendous growth earlier and a massive dump, but we could see some upwards momentum back again.
Reasoning is simple;
The green zone around $0.15-0.16 marked as support and flipped from resistance to support here.
As long as that area remains support and we move sideways, continuation upwards is likely to occur.
In that way, two targets can be defined (actually three);
- $0.019
- $0.02-0.021
- $0.025-0.026
Very easy stop/loss below green zone could make this a good setup.
Trade closed: target reached
Both targets were reached for 60%.Massive drop after.
Note
Note
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.