Polygon MATIC stuck between a rock and a hard place $0.99-$1.11?
$BINANCE:MATICUSDT
Polygon's support line of the symmetrical triangle pattern is under threat by the bears.
A successful attempt would signal that there is an excess supply of MATIC tokens relative to demand. In such a case, the MATIC/USDT pair could drop towards the crucial 200-day SMA ($0.99). If this level is breached, the pair may begin a downtrend.
Alternatively, if the price rebounds from the current level and surpasses the 20-day EMA ($1.11), it will suggest that the bearish breakdown was a false signal. The pair may then try to move beyond the triangle's resistance line.
Let me know what you think!
Follow me for more TA!
Polygon's support line of the symmetrical triangle pattern is under threat by the bears.
A successful attempt would signal that there is an excess supply of MATIC tokens relative to demand. In such a case, the MATIC/USDT pair could drop towards the crucial 200-day SMA ($0.99). If this level is breached, the pair may begin a downtrend.
Alternatively, if the price rebounds from the current level and surpasses the 20-day EMA ($1.11), it will suggest that the bearish breakdown was a false signal. The pair may then try to move beyond the triangle's resistance line.
Let me know what you think!
Follow me for more TA!
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。