Cryptolean Chainlink MATIC Update
Polygon MATIC declined sharply to $1.01, the key daily support.
A bullish reversal from $1.01 is likely and will result in a bullish move to re-test $1.07 and the key daily resistance zone of $1.14-$1.20.
A bearish break-out of $1.01 will push #MATIC price in the daily range zone and will increase probability of a deeper correction towards the next support at $0.89.
Intraday Chart
The MATICUSDT 4-Hour chart is bearish and teasing the resistance at $1.07.
A bearish rejection of $1.07 will lead to $1.01 and lower to the key support zone of $0.86-$0.92, where I will be closely watching the MATIC price action, as the bullish rejection of this zone is possible.
A bullish break-out of $1.07 will lead to a re-test of $1.13 and, possibly, $1.19, however the price action may be slow and choppy.
Support once read!
Thank you.
A bullish reversal from $1.01 is likely and will result in a bullish move to re-test $1.07 and the key daily resistance zone of $1.14-$1.20.
A bearish break-out of $1.01 will push #MATIC price in the daily range zone and will increase probability of a deeper correction towards the next support at $0.89.
Intraday Chart
The MATICUSDT 4-Hour chart is bearish and teasing the resistance at $1.07.
A bearish rejection of $1.07 will lead to $1.01 and lower to the key support zone of $0.86-$0.92, where I will be closely watching the MATIC price action, as the bullish rejection of this zone is possible.
A bullish break-out of $1.07 will lead to a re-test of $1.13 and, possibly, $1.19, however the price action may be slow and choppy.
Support once read!
Thank you.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.