Matic may hold the pattern
On the WEEKLY chart, price is: above the 20 SMMA, .618 FIB and trendline - however, price hit its head on the 50MA, resistance, and top of pattern.
On the daily, that red candle is twice the size of the preceding green, but price is headed towards: the .618 zone, 20SMMA, 50MA, a trend line and well above the 200MA, AND... I think price is going to cool off. All of that hits in the .90-.97 range.
Will it continue onward, though?
With all of the developing that's going on in the MATIC ecosystem, I'm not shocked.
On the daily, that red candle is twice the size of the preceding green, but price is headed towards: the .618 zone, 20SMMA, 50MA, a trend line and well above the 200MA, AND... I think price is going to cool off. All of that hits in the .90-.97 range.
Will it continue onward, though?
With all of the developing that's going on in the MATIC ecosystem, I'm not shocked.
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