MATICUSDT 1D

MATICUSDT 1D - Follows its bull channel, where it just touched the upper edge and returned. In addition, the lower edge coincides with the MA 100 which is a powerful support. With the volatility of Nasdaq and increase in DXY, MATIC also corrected. Despite the oversold indicated on the RSI, today has the FED meeting, so it will be a volatile day , there is a good chance that the price will retest the lower channel support at $0.8494 before reversing again.
From the chart we can reach $0.9901 in 7 days.
Transit over the Ichimoku Cloud for more than 8 days is a
good indication that MATIC will not lose its bull channel! We keep following.

Follow the support and resistance on the 1H chart

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Renato Ulianov | Market Analysis & Trading
YouTube: youtube.com/@TradewithRenatoUlianov
Disclaimer: All content is for educational and informational purposes only and does not constitute financial advice.

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