FieryTrading

🔥 MATIC Back In the Channel: Strong Move Ahead?

Long
BINANCE:MATICUSDT   MATIC Network / TetherUS
A while ago I made an analysis on MATIC. I argued that MATIC was soon going to see a pump towards $1.7, potentially $1.9 in the longer term.


The push towards $1.7 happened swiftly. Sadly enough the resistance held and soon after came the massive BTC sell-off, causing MATIC to fall back all the way to the lower support of the horizontal channel which I indicated in my previous analysis.

As it's looking now, loads of alts are already seeing huge moves. MATIC is still lagging behind a little, I'm expecting MATIC top resume the bullish move soon. Main target is based at $1.55, potentially $1.70 in case we see a full recovery of BTC in the near future.

Happy trading!


🎯Official Channel: t.me/FieryTradingChannel

📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free

✅Monster Signals: t.me/monster_cryptosignals

🔥Premium Signals: www.fierytrading.com
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.