MATIC/USDT - Next move up?
MATIC/USDT
Daily/4H charts
Matic formed a contracting bullish triangle on the daily chart that broke out and retested the demand zone and 0.5-0.618 golden fib from the correction wave on the initial move up.
It’s showing bullish signs of continuation momentum having come into the trend and created a CHoCH creating a new higher high and higher low. Volume looks to support the low with a bullish pinbar candlestick showing buyer presence.
Id expect to see price head towards the daily supply zone and into the 1.272 if it breaks out of the supply on HTF
Daily/4H charts
Matic formed a contracting bullish triangle on the daily chart that broke out and retested the demand zone and 0.5-0.618 golden fib from the correction wave on the initial move up.
It’s showing bullish signs of continuation momentum having come into the trend and created a CHoCH creating a new higher high and higher low. Volume looks to support the low with a bullish pinbar candlestick showing buyer presence.
Id expect to see price head towards the daily supply zone and into the 1.272 if it breaks out of the supply on HTF
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