MATIC looks good for a long if this key level is broken
MATIC has seen a price correction over the past 2 weeks from previous highs of 2.25.
The price looks like it has found a bottom & is currently in accumulation.
A trigger for a long position would be a break & retest of the previous highs which is marked on the chart with a green box.
The RSI is above 50 signalling an uptrend & the MACD has crossed which shows bullish momentum.
It's also important to note the price has tested the .618 Fib at around the 1.435 price mark.
The price looks like it has found a bottom & is currently in accumulation.
A trigger for a long position would be a break & retest of the previous highs which is marked on the chart with a green box.
The RSI is above 50 signalling an uptrend & the MACD has crossed which shows bullish momentum.
It's also important to note the price has tested the .618 Fib at around the 1.435 price mark.