Polygon MATIC Crypto Price Analysis April 7, 2023
$BINANCE:MATICUSDT
The MATIC/USDT pair has been consolidating inside a symmetrical triangle pattern, indicating that both buyers and sellers are uncertain about its future direction. The bulls are likely to defend the support line of the triangle, and if the price bounces off it, the pair may continue trading inside the triangle. However, if the price moves above the 20-day EMA, the bulls will attempt to break above the resistance line. Conversely, if the bears break below the support line, it could lead to a potential decline to the 200-day SMA.
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The MATIC/USDT pair has been consolidating inside a symmetrical triangle pattern, indicating that both buyers and sellers are uncertain about its future direction. The bulls are likely to defend the support line of the triangle, and if the price bounces off it, the pair may continue trading inside the triangle. However, if the price moves above the 20-day EMA, the bulls will attempt to break above the resistance line. Conversely, if the bears break below the support line, it could lead to a potential decline to the 200-day SMA.
Let me know what you think!
Follow me for more TA!
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.