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zakpodmore

MATIC looks good for a long if this key level is broken

Panjang
MATIC Network / TetherUS PERPETUAL CONTRACT (BINANCE:MATICUSDT.P)  
zakpodmore  
BINANCE:MATICUSDT.P   MATIC Network / TetherUS PERPETUAL CONTRACT
Trend Analysis Chart Patterns Technical Indicators matic MATICUSDT maticlong maticnetwork maticusdtlong maticprediction
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trendanalysis chartpattern indicator matic maticusdt maticlong maticnetwork maticusdtlong maticprediction
MATIC has seen a price correction over the past 2 weeks from previous highs of 2.25.

The price looks like it has found a bottom & is currently in accumulation.

A trigger for a long position would be a break & retest of the previous highs which is marked on the chart with a green box.

The RSI is above 50 signalling an uptrend & the MACD has crossed which shows bullish momentum.

It's also important to note the price has tested the .618 Fib at around the 1.435 price mark.
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