MATIC / USDT 1D chart Resistance and Support
Hello everyone, let's take a look at the MATIC to USDT chart on the 1D interval. As you can see, the price moves in the sideways channel and locally above the uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 0.88, if the support breaks down, the next support is $ 0.83, $ 0.78 and $ 0.74.
Now let's move from the resistance line as you can see the first resistance is $ 0.96, if you can break it the next resistance will be $ 1, $ 1.04 and $ 1.07.
Looking at the CHOP indicator, we can see that the energy is slowly increasing in the 1D interval, while the MACD indicator shows an upward trend, but the blue line is close to the red crossing from above, which could confirm the trend change.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 0.88, if the support breaks down, the next support is $ 0.83, $ 0.78 and $ 0.74.
Now let's move from the resistance line as you can see the first resistance is $ 0.96, if you can break it the next resistance will be $ 1, $ 1.04 and $ 1.07.
Looking at the CHOP indicator, we can see that the energy is slowly increasing in the 1D interval, while the MACD indicator shows an upward trend, but the blue line is close to the red crossing from above, which could confirm the trend change.