MATIC was rejected from the Weekly Resistance What's Next?
MATIC was rejected from $1.014 weekly resistance and has been dumping/going sideways since tapping this zone.
However, 4 hour RSI now looks like MATIC is oversold and it will be important to keep eyes at the daily support area for buying some bags.
The daily support for MATIC is at $0.7873 - $0.6892. If we lose $0.6892 we can expect a bearish momentum towards the lower channel which will be a bloodbath.
Next few days for MATIC are very important I believe MATIC's support will hold & we can expect a pump if market starts bouncing.
All the important levels are marked on the chart.
Enjoy Trading.
(press like 👍 if you enjoy + comment your opinion about the market or your thoughts, below this analysis)
However, 4 hour RSI now looks like MATIC is oversold and it will be important to keep eyes at the daily support area for buying some bags.
The daily support for MATIC is at $0.7873 - $0.6892. If we lose $0.6892 we can expect a bearish momentum towards the lower channel which will be a bloodbath.
Next few days for MATIC are very important I believe MATIC's support will hold & we can expect a pump if market starts bouncing.
All the important levels are marked on the chart.
Enjoy Trading.
(press like 👍 if you enjoy + comment your opinion about the market or your thoughts, below this analysis)