MATIC - Good Indicators On Current Move

Using the 1D chart timeframe, Matic has made a recent 14% bump. Both the MacD and RSI are in really good positions for positive movement. In addition, Matic has been following a parallel channel since late September.

Using this analysis one can foresee Matic climbing to the top of the channel to around the 2.50 area.

Using the Fib Retracement scale on the last mid Oct as a reference, we see that Matic has made the same initial jump to 0.618. Although anything could happen, one could quite comfortably estimate Matic continuing the Fib to the 2.50 area.

That’s indicated analysis but personally I believe Matic is undervalued and should be somewhere between $3-$3.50 now.

My thoughts, not advice Oklah. Cheers