MATIC testing resistance on the way to 69cents
As you can see on this daily chart MATIC is testing the 0.618 fib level as shown by the pink line. MATIC also had a nice bounce off the Ichimoku Cloud.
On the LMACD you can see where the blue down arrow is that MATIC has formed a bullish crossover.
On the RSI you can see it was building up bullish momentum by staying within the green rectangle.
If MATIC does reject at the 0.618 fib level then the buy in level would be the 0.5 fib level @ 42cents. If MATIC breaks the 0.618 fib level then the next target is the green fib level @ 60cents and the 2nd target @ the yellow fib level of 1.618 @ 69cents.
Happy trading legends!
HTBB
On the LMACD you can see where the blue down arrow is that MATIC has formed a bullish crossover.
On the RSI you can see it was building up bullish momentum by staying within the green rectangle.
If MATIC does reject at the 0.618 fib level then the buy in level would be the 0.5 fib level @ 42cents. If MATIC breaks the 0.618 fib level then the next target is the green fib level @ 60cents and the 2nd target @ the yellow fib level of 1.618 @ 69cents.
Happy trading legends!
HTBB
Comment:
Wow! Matic could be a keeper.
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