Polygon MATIC declined into the daily range zone between $0.89 and $1.01 where we will continue to observe a slow and choppy price action. A bullish break-out of $1.01 will result in a move to re-test $1.14-$1.20. A bearish rejection of $1.01 will push MATIC price in the key daily support at $0.89. And, a bearish break-out of $0.89 and a sustained price action...
Price action faced rejection at the bearish OB on the 2-hour chart at $1.0140 and dropped to bullish OB at $0.9854 (cyan). A close below the support (cyan) and confirmed downtrend could push MATIC to $0.9515 ( a bullish OB on the daily timeframe). The RSI and OBV dipped - buying pressure eased. But RSI was in a neutral position. Entry: $0.9780 (below bullish...
Polygon (Matic) Update: $1.78 Target Hit. Next Stop $2 at the 161.80% Fibs. 20% Gain from current price level to $2. Next Target after $2 at $2.58, 54% Gain from the current price level. See previous analysis below. Happy Trading :) Polygon (Matic) Update 14/ 05 /21: Matic in Price discovery , our next target price $1.78 at the 227.20 Fibonacci extension ....