Hello, traders!

MATIC has broken above the long-term downtrend resistance, but it still has a few parameters to cross for a bullish confirmation.

1. The 65 EMA is currently holding the price back. MATIC needs to break above it for a solid confirmation.

2. MATIC also needs to close above the previous lower high of $0.536 to confirm a reversal.

Trade Setup:

~ Accumulation Range: $0.35 to CMP.
~ Trade Type: Spot.
~ Target: $1.3 to $2.

Note: Always conduct your own research and analysis before investing.

Trade safely.
Chart PatternsTechnical IndicatorsmaticpolygonTrend Analysis

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