I've been watching MATIC hold above the 200-day moving average since the 9th of Jan. And while this move has been very exciting, remember that the 200MM acts like a magnet pulling the asset to wherever it is.
MATIC will largely follow its upward moves following its uptrend. At this moment it is approaching the upper edge of the Keltner Channel and once there it can backtrack. The trend is upwards and the prognosis is very good, also due to strong institutional adoption.
MATICUSDT 4H
Here are the supports and resistances in the 4H:
Main support levels : 1.1709 / 1.0960 / 0.9640
Main Resistance Levels: 1.2779 / 1.3136
I'm not a financial consultant. The content I share on this site is for educational purposes and is my own personal opinion.
MATIC will largely follow its upward moves following its uptrend. At this moment it is approaching the upper edge of the Keltner Channel and once there it can backtrack. The trend is upwards and the prognosis is very good, also due to strong institutional adoption.
MATICUSDT 4H
Here are the supports and resistances in the 4H:
Main support levels : 1.1709 / 1.0960 / 0.9640
Main Resistance Levels: 1.2779 / 1.3136
I'm not a financial consultant. The content I share on this site is for educational purposes and is my own personal opinion.