BINANCE:MATICUSDT   MATIC Network / TetherUS
MATICUSDT 1D - Follows its bull channel, where it just touched the upper edge and returned. In addition, the lower edge coincides with the MA 100 which is a powerful support. With the volatility of Nasdaq and increase in DXY, MATIC also corrected. Despite the oversold indicated on the RSI, today has the FED meeting, so it will be a volatile day , there is a good chance that the price will retest the lower channel support at $0.8494 before reversing again.
From the chart we can reach $0.9901 in 7 days.
Transit over the Ichimoku Cloud for more than 8 days is a
good indication that MATIC will not lose its bull channel! We keep following.

Follow the support and resistance on the 1H chart

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.