Maticusdt is currently in a strong uptrend, with an immediate resistance level at $3.3967. The immediate support zone is a good zone for accumulation, as it has provided strong support in the past. This zone can be a good entry point for traders looking to take advantage of the uptrend.
Using Elliott Wave Theory, it appears that the price of MATIC is in the last leg of wave 5. If this pattern is completed, we can expect the price to potentially continue the uptrend, potentially testing higher resistance levels.
Using Elliott Wave Theory, it appears that the price of MATIC is in the last leg of wave 5. If this pattern is completed, we can expect the price to potentially continue the uptrend, potentially testing higher resistance levels.
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Everything remain intact on this setup, the accumulation still remain major level to watch for action.
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The wave one went for extended correction and break our earlier support zone. This is how I anticipate it to move in the medium term.
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