MATIC: Both Scenarios Are Possible
Considering Matic's price position, both scenarios are possible.
If the price will develop below the red zone of 1.0940, there is a higher chance of falling again.
If the price bounces above 1.0940 then it will continue with a bigger bullish move.
So for the bullish move is required confirmation.
In my opinion, it can move down with the sell-off that BTC can create during the bearish correction. The market is not stable yet.
You may watch the video for further details!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Considering Matic's price position, both scenarios are possible.
If the price will develop below the red zone of 1.0940, there is a higher chance of falling again.
If the price bounces above 1.0940 then it will continue with a bigger bullish move.
So for the bullish move is required confirmation.
In my opinion, it can move down with the sell-off that BTC can create during the bearish correction. The market is not stable yet.
You may watch the video for further details!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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✅My FX Broker
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