After trading in a period of consolidation for over two weeks, MATIC is ready to break out of the wedge.
Naturally, Bitcoin will lead the way towards the upcoming break out. Realistically, both sides are possible at the moment, so I've included them both.
For the bearish scenario, I'm looking at the $1.00 to $0.93 supports. Might be a great time to buy in around that area, assuming we're going to see a nice rebound.
For the bullish case, I'm looking at the green break out area marked on the chart. If the price can closed above the green area, I'm expecting a push towards $1.25, potentially higher if BTC can rise to $36.5k.
Happy trading!
Naturally, Bitcoin will lead the way towards the upcoming break out. Realistically, both sides are possible at the moment, so I've included them both.
For the bearish scenario, I'm looking at the $1.00 to $0.93 supports. Might be a great time to buy in around that area, assuming we're going to see a nice rebound.
For the bullish case, I'm looking at the green break out area marked on the chart. If the price can closed above the green area, I'm expecting a push towards $1.25, potentially higher if BTC can rise to $36.5k.
Happy trading!
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