Polygon MATIC Crypto Price Analysis April 7, 2023
BINANCE:MATICUSDT
The MATIC/USDT pair has been consolidating inside a symmetrical triangle pattern, indicating that both buyers and sellers are uncertain about its future direction. The bulls are likely to defend the support line of the triangle, and if the price bounces off it, the pair may continue trading inside the triangle. However, if the price moves above the 20-day EMA, the bulls will attempt to break above the resistance line. Conversely, if the bears break below the support line, it could lead to a potential decline to the 200-day SMA.
Let me know what you think!
Follow me for more TA!
The MATIC/USDT pair has been consolidating inside a symmetrical triangle pattern, indicating that both buyers and sellers are uncertain about its future direction. The bulls are likely to defend the support line of the triangle, and if the price bounces off it, the pair may continue trading inside the triangle. However, if the price moves above the 20-day EMA, the bulls will attempt to break above the resistance line. Conversely, if the bears break below the support line, it could lead to a potential decline to the 200-day SMA.
Let me know what you think!
Follow me for more TA!
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.