MATICUSDT
Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for MATICUSDT
We see that the price is rejected at some points by S1 line (which used to be a resistance line) and then it reached S2 and by a rising trend, formed another resistance area (R1). This line includes the unsuccessful triumphs of price to rise and now the price is fluctuating below this R1 area. This purple line is a 4-hour support line and shows the support of the price at several points. At the present, we expect the price to fall to this support line and then rise again to R1. In case the price moves over R1 and toward R2, then it will face more rise. Even it may happen that the price loses the support, and have more decline toward S2.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for MATICUSDT
We see that the price is rejected at some points by S1 line (which used to be a resistance line) and then it reached S2 and by a rising trend, formed another resistance area (R1). This line includes the unsuccessful triumphs of price to rise and now the price is fluctuating below this R1 area. This purple line is a 4-hour support line and shows the support of the price at several points. At the present, we expect the price to fall to this support line and then rise again to R1. In case the price moves over R1 and toward R2, then it will face more rise. Even it may happen that the price loses the support, and have more decline toward S2.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
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