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CryptoHotep

$MATIC | History Repeating Itself

Long
Polygon (COINBASE:MATICUSD)  
CryptoHotep Updated   
COINBASE:MATICUSD   Polygon
Trend Analysis Chart Patterns Technical Indicators Cryptocurrency crypto maticusd matic polygon EMAS LONG phemex supportandresistancezones
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trendanalysis chartpattern indicator cryptocurrency crypto maticusd matic polygon emas long phemex supportandresistancezones
MATICUSD has hit this support zone multiple times with a bounce to the upside but never making it above the 200EMA. And here we are again with the same story. We have oversold on the RSI levels and still significantly in a downstrend, BUT a good opportunity for a decent quick move and profit. I think it can clear 13 and 50 EMAs easily as those have not been respected in recent history. Not expecting anything monumental with all things considering around the crypto market but see a chance.
Trade active:
Entry: .795
Take Profit: .855
Stop Loss: .745
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