MATICUSDT → Breaking through triangle resistance

2024年2月27日

BINANCE:MATICUSDT is forming an attempt to change the trend. The price is testing the resistance area of the descending triangle. A consolidation above the key level may start a strong distribution.



MATIC price is still in a bearish trend amid a strong cryptocurrency rally. For the last few days, the coin has been forming a resistance retest and is currently consolidating above 1.0303, a level that now plays a key role. If the bulls consolidate their positions above this level, they will form a potential for further growth of 20-50%. The first target is 1.1990, then 1.5490. On the weekly timeframe we see that the price realizes growth inside the range, the target of which is resistance.

Support levels: 1.03030, 0.9849.
Resistance levels: 1.1990, 1.5496.

The coin is breaking the resistance, but it is still under the pressure of sellers. If buyers consolidate their positions above 1.0303, form the so-called local bottom, strong growth awaits us in the medium and long term

BTCUSD TOTAL2 BINANCE:MATICUSD

Regards R. Linda!

2024年2月28日

注释

Consolidation above key support area

2024年3月1日

注释

Resistance retest continues

2024年3月2日

交易开始

The coin is starting to come to life.
A strong support area is being formed, which may positively influence the price growth

2024年3月8日

交易结束：到达目标

Interim target achieved