Long
MATIC breakout
MATIC may have broken out already. It appears to have broken above the descending trending line, retested and now moving upwards.
If it can get above $1.8 then it will likely retest it's ATH. A measured move out of this descending channel would take us near $5.60 which also happens to be the 1.618 of the fib extension.
A bolder target assuming a move from the bottom of this larger triangle would have targets of $14.4 a nearly 850% gain.
Either way MATIC looks quite promising at the moment.
If it can get above $1.8 then it will likely retest it's ATH. A measured move out of this descending channel would take us near $5.60 which also happens to be the 1.618 of the fib extension.
A bolder target assuming a move from the bottom of this larger triangle would have targets of $14.4 a nearly 850% gain.
Either way MATIC looks quite promising at the moment.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.