readCrypto

Polygon (MATIC) - October 6

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BINANCE:MATICUSDT   MATIC Network / TetherUS
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(MATICUSDT 1W Chart)
The 0.6164-0.8191 interval is the interval that determines the trend.

Therefore, it is likely that the trend will continue in the direction off the 0.6164-0.8191 range.

Therefore, if the price holds above 0.8191, it is expected to move towards 1.2246.


(1D chart)
In order to continue the upward trend, it must rise above the HA-High indicator.

Therefore, the key is whether it can rise above 0.9226 and find support.


If it falls below 0.8191, we need to see if there is support in the 0.6164-0.7270 range.

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** All descriptions are for reference only and do not guarantee a profit or loss in investment.

** If you share this chart, you can use the indicators normally.

** The MRHAB-T indicator contains indicators that indicate support and resistance points.

** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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Comment:
(MATICBTC 1W chart)
The price needs to remain above 0.00003910 to continue the uptrend.

If it rises along an uptrend line,
1st resistance: 0.00004415
2nd resistance: 0.00005049-0.00005393


The 0.00002954-0.00003337 interval is the boundary between rising and falling.

So, if it goes down,
1st support: 0.00002954-0.00003337
2nd support: 0.00002186


If it falls below the 0.00002954-0.00003337 section, it will enter a long-term downtrend channel and thus limit its upside.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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