Look between the lines with the same colours. The same pattern seems to be playing out a third time in a row. Is history going to repeat one more time? What do you think, guys?
Currently we are holding monthly resistance on Matic. If it closes above you can risk a long with a sl bellow the resistance. If it closes bellow then short. Currently downtrend so short is safer. So trade accordingly.
Looking at the 4 hr timeframe for MATIC, we can see a nice cup and handle forming. Price is in the upper haf of the bollinger bands with RSI hovering the 50% mark.
I am looking for the price to find support on the middle of the bollinger band which coincides with the intraday resistance of Eur 1,70 (USD 1.95).
If so, I expect that price will move up to around...
MATIC POLYGON
Important jump for MATIC, yesterday.
I invested a part of stake cryto on this interesting coin, due to the scalability potential of the blockchain connected to it, which speeds up what Ethereum still cannot do.
Ascent accompanied by excellent volumes.
I entered 0.97 on September 30, 2021 and after a near re-test of the important volumetric...
Looking at the 4 hr chart for MATICEUR, we can observe divergence between price and RSI.
Based on recent support, I expect price to drop to around 1,05. If that support breaks, we could see a drop to 0,85 or even 0,55.
