Hi Everyone
A Quick update on MATIC.
From the chart analysis, we would need to carefully watch where the Daily candle closes. There is much instability across the markets at this point and the risk-reward setup is not looking favorable. Best to wait it out for more clarity.
IF we can't close this 3D candle above $1.6, we might be range trading between $1.5 and $1.6. Alternatively, if we can close above $1.6 we will likely take another shot at resistance of $1.7.
Check out our channels for much more content!
Best Regards
Ev
A Quick update on MATIC.
From the chart analysis, we would need to carefully watch where the Daily candle closes. There is much instability across the markets at this point and the risk-reward setup is not looking favorable. Best to wait it out for more clarity.
IF we can't close this 3D candle above $1.6, we might be range trading between $1.5 and $1.6. Alternatively, if we can close above $1.6 we will likely take another shot at resistance of $1.7.
Check out our channels for much more content!
Best Regards
Ev
