фото показано с : invezz.com
2021-10-25 21:11 |
Matic (MATIC/USD) was up over 10% on Saturday and a huge breakout was seen on the charts. Matic could give some huge targets in the coming weeks, however, is it too late to enter Matic?
A look at this year’s chart-
Matic has formed a symmetrical triangle and gave a breakout on Saturday.It gave a breakout after consolidating for over a week, this is a great sign indicating that a huge move could be coming soon.Before taking a long entry a retest should be waited for in order to avoid getting caught in a false breakout.Matic could potentially even set a new all-time high in the coming weeks, however, for a shorter term a target of $2.025 can be set.A stop loss below the trendline can be set at $1.4, and for investors willing to take a higher risk, a stop loss can be set at $1.02.A closer look at the charts on Saturday-
Matic was in an extremely overbought zone on Saturday and also gave a reversal from that point.It has also formed a bearish RSI divergence on Saturday which is hinting towards a retest of the trendline.A long entry can be taken when Matic reverses from the zone of $1.5.Conclusion
Matic is looking very strong in the coming weeks and months and a long entry can be taken after a restest of the trendline to avoid being caught in a false breakout. Nevertheless, a stop loss must be maintained below the trendline, with targets at $2.025 followed by a potential new all-time high.
The post Matic Price outlook: charts point to a surge after a huge breakout appeared first on Invezz.
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Matic Network (MATIC) на Currencies.ru
$ 0 (+0.00% )
Объем 24H $0
Изменеия 24h: 0.00 % , 7d: 0.00 %
Cегодня L: $0 - H: $0.5485
Капитализация $0 Rank 99999
Цена в час новости $ 1.5788 (-100% )
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