MATIC / USDT has been making an interesting move within the accumulation range since its last hike. I am currently seeing this asset go to test the 0.39 USDT region where we have a strong resistance region, so the break followed by confirmation of it may project the asset's price out of the cumulative range at very high prices providing considerable gains.
The Ichimoku Cloud does not appear on the graph (I took it out so that it would not be so visually polluted), but at the moment the price is above it and the averages that form it, which suggests that the price may even test on the bottom of it and return for the resistance test until it breaks and then head towards the targets suggested in the graph.
Two other points that reinforce this probability are that the price of the asset is above EMA 52 and that the volume has been increasing gradually, that is, the demand entry in the asset may rise considerably very soon.
But it is good to remember that the market is sovereign and does what it wants, so what I say here is a probability that I am considering to enter this asset and make profits. So it is up to each one to do the same or not and if you follow this idea, I ask you to do your own research first.
Good Business
The Ichimoku Cloud does not appear on the graph (I took it out so that it would not be so visually polluted), but at the moment the price is above it and the averages that form it, which suggests that the price may even test on the bottom of it and return for the resistance test until it breaks and then head towards the targets suggested in the graph.
Two other points that reinforce this probability are that the price of the asset is above EMA 52 and that the volume has been increasing gradually, that is, the demand entry in the asset may rise considerably very soon.
But it is good to remember that the market is sovereign and does what it wants, so what I say here is a probability that I am considering to enter this asset and make profits. So it is up to each one to do the same or not and if you follow this idea, I ask you to do your own research first.
Good Business