Hello everyone, let's look at the MATIC to USDT chart on a one-day time frame. As you can see, the price is staying above the local uptrend line.
Let's start with setting the support line and as you can see the first support on which the price is currently based is $0.89, if the support is broken then the next support is $0.87, $0.84 and $0.81.
Now let's move to the resistance line, as you can see the first resistance is $0.91, if you manage to break it, the next resistance will be $0.93, $0.95 and $0.97.
Looking at the CHOP indicator, we see that there is some energy left for the next move, the MACD remains in an uptrend despite the correction, while the RSI has a small rebound, but there is still room for the price to go lower.