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Stargazerr
Jul 27, 2020 9:20 AM

Matic Long term trendlines Long

MATIC Network / BitcoinBinance

Description

If the long term support trendline holds, the price is likely to bounce back to 240-250 sat area. If the trendline brokes, there is a support at 166 sats.
RSI is oversold on 4h chart and on a daily chart is about to step into oversold territory.

Comment

As i mentioned, if trendline brokes next support is at 166, and since btc decided to make a bold move alts naturally started to bleed and the 166 support i mentioned held nicely (price reached 168 - very close). If btc stabilizes we can see a slow upwards movement.

This is not a financial advice, DYOR!
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