ShawnMCR

MATIC - Bullish? Let's find out!

BINANCE:MATICUSDT   MATIC Network / TetherUS
Looks like a Bull Flag to me! but it's fighting resistance right now so we might see a little correction for now...
There are 3 support areas holding the price up in case of a correction,
If the price keeps consolidating as it is right now, then we might see a pump for higher prices.
If you're looking into opening long positions, wait for the closure of the first 4H candle above the resistance area. then open your long positions and aim for the TP areas as shown on the chart.

NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck
Tell me your ideas. Like and Share

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.