דאָ ס וואָס MATIC בויערס האַלטן טרענד-קאָנטראָל טראָץ הייַנט ס סעלינג-אַוועק

Despite being a bearish pattern, the rising parallel channel led the MATIC price to $1 resistance. Moreover, this resistance is the neckline of a cup and handle pattern holds significant weightage to determine the future market price. Thus, the coin holder should closely watch the price action near the $1 mark.

Key points from MATIC price analysis

• The support trendline carries the ongoing recovery in MATIC price
• The 50-and-100-day EMA on the verge of bullish crossover may attract more buyers to the market
• די ינטראַדיי טריידינג באַנד אין די MATIC איז $ 748.3 מיליאָן, וואָס ינדיקייץ אַ 24.5% געווינען

מקור -Tradingview

In late August, the MATIC prices took a בוליש מאַפּאָלע from the $0.75 support level, resulting in a rising channel pattern, accounting for a 25% jump. As a result, the bull cycle beats the 50-and-100-day EMA but struggles to reach the psychological mark of $1.0. 

Taking the larger picture into account, the price action reveals a cup and handle pattern in the daily chart with a neckline at the psychological mark of $1.0. The ongoing bull cycle projects the possibility of pattern completion, which may shortly result in a bullish breakout if the buying pressure sustains.

אבער, amid today’s sell-off, the MATIC price tumbled 7.3% and shows a bearish engulfing candle in the rising channel.

Coming to the intraday trading volumes, the bearish engulfing candle finds seller commitment, teasing a rising channel fallout. If the prices manage to close below the support trendline, MATIC traders can find a short-term selling opportunity with a target of the $0.75 support level. Furthermore, if the increased selling pressure breaks the $0.75 level, a prolonged correction might test the psychological mark of $0.50.

However, an uptrend continuation reaching the psychological mark of $1.0 will increase the breakout possibility. And the unleashed bullish momentum upon successful breakout can test the overhead resistance of $1.30, accounting for a 30% jump.

טעכניש ינדאַקייטערז

דמי: due to the recent sell-off, the DI lines reverse sharply, indicating a bearish crossover possibility. And the falling adx line maintains the signal of weak Trend momentum. 

קאָרעוו שטאַרקייט אינדעקס: A steady growth in טעגלעך-RSI שיפּוע dips to the halfway line cracking under the 14-day SMA. Hence the Technical indicators maintain a slightly bearish viewpoint for MATIC.

• קעגנשטעל לעוועלס - $1 און $1.18
• שטיצן לעוועלס- 
•  $ 0.815 און $ קסנומקס