ðĨ MATIC Retracement After Parabolic Move: Support Area Located
MATIC has seen incredible gains in 2023. However, the half February move appeared to be too violent, so the market had to cool down a bit.
MATIC is currently closing in on a major area of support, see yellow marked area. In my view, there's a high probability that a bounce of some sort will occur from there.
Not sure yet if we're going to see new local highs in the near future, so keeping the targets close in blue.
MATIC is currently closing in on a major area of support, see yellow marked area. In my view, there's a high probability that a bounce of some sort will occur from there.
Not sure yet if we're going to see new local highs in the near future, so keeping the targets close in blue.
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