Short
MATIC $1.3 or $0.6? explained in Description
As you can see in the vertical volume profile, most of the matic was traded between 0.87-0.90 which is working as a strong resistance for matic now.
0.90-0.93 is the second highest trading zone in last 5 month.
0.80-83 is working as a support which is the 3rd highest trading zone.
And currently Mr. Matic is getting rejection from the biggest resistance zone (0.87-0.90) and also getting support from 3rd highest trading zone (0.80-0.83)
(Don’t forget to Follow and Support)
A lot of people keeps saying that matic is going to $1, $1.2 but the sad reality is matic is facing the big resistance zone but horizontal volume is not increasing. Need a lot of energy to break that zone but in next some days, matic is not reaching $1 and the RSI is showing strong bearish momentum
If it breaks below 0.77, we may see it at 0.57-0.63
Summary: Matic is not reaching $1, breaking below 0.77 will send it to 0.57-0.63. I am 80% sure of it
Always do your own technical analysis.
0.90-0.93 is the second highest trading zone in last 5 month.
0.80-83 is working as a support which is the 3rd highest trading zone.
And currently Mr. Matic is getting rejection from the biggest resistance zone (0.87-0.90) and also getting support from 3rd highest trading zone (0.80-0.83)
(Don’t forget to Follow and Support)
A lot of people keeps saying that matic is going to $1, $1.2 but the sad reality is matic is facing the big resistance zone but horizontal volume is not increasing. Need a lot of energy to break that zone but in next some days, matic is not reaching $1 and the RSI is showing strong bearish momentum
If it breaks below 0.77, we may see it at 0.57-0.63
Summary: Matic is not reaching $1, breaking below 0.77 will send it to 0.57-0.63. I am 80% sure of it
Always do your own technical analysis.
Note
This is a forecast for next 1-2 month. Market can change anytime. So this situation can reverse in near future. So trafe safe.Note
Sidewise movement in next some candleNote
Remember we need a confirmed break below $0.77 for reaching $0.6 according to this analysisNote
Already 4.5%(almost) down after this post was made
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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.