We're coming to a point that will define the next weeks/months according to this 6h chart.
Matic is sitting above this support trend line that have been respected since late april, breaking down should take us to the next support, around $0.65-$0.70, going down even further we might see prices as low as $0.40.
Breaking above upper trend line our final short term target is around $1.25.
IMO 70% of odds are of a breakdown, although i don't expect prices to reach levels of $0.40 or such.
In both situations, we wait for break up/down and retest, then short/long with tight SL and several TPs. NFA.
Matic is sitting above this support trend line that have been respected since late april, breaking down should take us to the next support, around $0.65-$0.70, going down even further we might see prices as low as $0.40.
Breaking above upper trend line our final short term target is around $1.25.
IMO 70% of odds are of a breakdown, although i don't expect prices to reach levels of $0.40 or such.
In both situations, we wait for break up/down and retest, then short/long with tight SL and several TPs. NFA.