ðē Matic road to $1.3 Open
ðē Nearest strong support zone: around the 0.236 fibo level of the downward wave.
ðē Nearest strong resistance zone: around the 0.382 fibo level of the downward wave.
ðē Technical environment:
- Moving averages: 50/50
- MACD: Uptrend
- RSI: Uptrend
ðē Price action: Matic, after landing in a support zone, defended it after which it began to continue its northward movement. Looking at the formations and positive sentiment, I expect the uptrend to continue over the coming days.
ðē The scenario I'm playing out is a continuation of the uptrend to the $1.3 area. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
ðē Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
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