Polygon (MATIC) - April 21

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(MATICUSDT 1W Chart)

Above 1.169: Expected to make a new wave.

(1D chart)
Resistance: 1.630-1.833
- 1.506-1.630
- 1.833-2.022

1st support: around 1.225
2nd support: 0.616-0.891

The resistance section of 1.630-1833 is an important section to determine the trend.

Therefore, after rising to the 1.630-1833 section, it is expected that the trend will continue in the direction of deviating from the 1.506-2.022 section.

Therefore, if it fails to move above 1.506 from its current position, I would expect it to move towards the 1.225 area and confirm support.

(buy)
- After confirming that it is supported above 1.225

(Stop Loss)
- When it falls below 1.169 and receives resistance

(Sell)
- When resistance is received in the range of 1.896-2.022
- When receiving resistance near 2.441

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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