TradingView
zakpodmore
Nov 23, 2021 4:23 PM

MATIC looks good for a long if this key level is broken Long

MATIC Network / TetherUS PERPETUAL CONTRACTBinance

Description

MATIC has seen a price correction over the past 2 weeks from previous highs of 2.25.

The price looks like it has found a bottom & is currently in accumulation.

A trigger for a long position would be a break & retest of the previous highs which is marked on the chart with a green box.

The RSI is above 50 signalling an uptrend & the MACD has crossed which shows bullish momentum.

It's also important to note the price has tested the .618 Fib at around the 1.435 price mark.
More