Updated
MATIC tight squeeze, not going to stay here for too long
From my previous idea, linked below,
Matic has hit the Take profit level, and is now entering the tight red zone. This is a squeeze zone, and it won't stay long here.
I am expecting either a drop to the blue support line at $0.79 or a rise to the next red at $1.17
In short, next resistance $1.17 or support $0.79.
In my opinion, those daily candles look like bearish stars, so I technically speaking yes it will go down, but looking at BTC's movement recently, it will go up. That's why I'm neutral right now.
Keep yourself updated and check my charts often.
Matic has hit the Take profit level, and is now entering the tight red zone. This is a squeeze zone, and it won't stay long here.
I am expecting either a drop to the blue support line at $0.79 or a rise to the next red at $1.17
In short, next resistance $1.17 or support $0.79.
In my opinion, those daily candles look like bearish stars, so I technically speaking yes it will go down, but looking at BTC's movement recently, it will go up. That's why I'm neutral right now.
Keep yourself updated and check my charts often.
Note
Below $0.87 we will definitely see a downtrend towards the blue line as highlighted in the chartNote
We are continuing sideways, that means we are neutral right now
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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.