After breaking the weekly downtrend (the grey one), MATIC managed to reach the $1 resistance zone with a strong move. Even though it was not quite able to touch $1 and started a correction, I think we are going to see another try to reach there next week.
If you ask how long the current correction can continue, I think it is bound to fall a little more with the break of the 4-hour orange trendline, but this will not last long and the price may start to move up again around $0.72.
DO YOUR OWN ANALYSIS.
DO NOT FORGET MONEY MANAGEMENT.
You might also like:
- Trend Key Points Indicator have been used to draw important key levels and key points.
- You can use Big Moves Indicator to be aware of major moves on the chart by marking them and getting alert for them.
If you ask how long the current correction can continue, I think it is bound to fall a little more with the break of the 4-hour orange trendline, but this will not last long and the price may start to move up again around $0.72.
DO YOUR OWN ANALYSIS.
DO NOT FORGET MONEY MANAGEMENT.
You might also like:
- Trend Key Points Indicator have been used to draw important key levels and key points.
- You can use Big Moves Indicator to be aware of major moves on the chart by marking them and getting alert for them.