MATIC: 268 Sat is Key Short Term # to Watch
The 4 hr chart is what I've presented here and i believe to be the most relevant.
As you can see, we're currently hovering around the .618 retracement which is also aligned with the 100 on the 4 hr.
Cutting to the chase: I'm looking for a close above 268 which is the 50 and would also give us a higher high vs. a lower high like we've been seeing. We did double bottom in the 230's but we've also still been forming lower highs.
268 is the magic Number for me today. If we can close above that, I'm expecting further upwards momentum. Let me know your thoughts!
As you can see, we're currently hovering around the .618 retracement which is also aligned with the 100 on the 4 hr.
Cutting to the chase: I'm looking for a close above 268 which is the 50 and would also give us a higher high vs. a lower high like we've been seeing. We did double bottom in the 230's but we've also still been forming lower highs.
268 is the magic Number for me today. If we can close above that, I'm expecting further upwards momentum. Let me know your thoughts!
Comment:
Looking promise at the moment. Just touched 268. Will need some volume if we are to break upwards.