ຈັດພີມມາ 21 ຊົ່ວໂມງກ່ອນຫນ້ານີ້
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
- ປະລິມານການຊື້ຂາຍລະຫວ່າງມື້ໃນ MATIC ແມ່ນ 748.3 ລ້ານໂດລາ, ເຊິ່ງຊີ້ໃຫ້ເຫັນເຖິງ 24.5% ເພີ່ມຂຶ້ນ.
ທີ່ມາ-–Tradingview
In late August, the MATIC prices took a ປີ້ນກັບກັນ bullish 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.
ຢ່າງໃດກໍຕາມ, 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.
ຕົວຊີ້ວັດດ້ານວິຊາການ
IDM: 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.
ດັດຊະນີຄວາມເຂັ້ມແຂງທີ່ກ່ຽວຂ້ອງ: A steady growth in ເປີ້ນພູ RSI ປະຈໍາວັນ dips to the halfway line cracking under the 14-day SMA. Hence the Technical indicators maintain a slightly bearish viewpoint for MATIC.
- ລະດັບການຕໍ່ຕ້ານ - $ 1 ແລະ $ 1.18
- ລະດັບການສະຫນັບສະຫນູນ -
- $ 0.815 ແລະ $ 0.75
ເນື້ອໃນທີ່ ນຳ ສະ ເໜີ ອາດຈະປະກອບມີຄວາມຄິດເຫັນສ່ວນຕົວຂອງຜູ້ຂຽນແລະຂຶ້ນກັບສະພາບຂອງຕະຫຼາດ. ເຮັດການຄົ້ນຄວ້າຕະຫລາດຂອງທ່ານກ່ອນທີ່ຈະລົງທືນໃນ cryptocurrencies. ຜູ້ຂຽນຫລືສິ່ງພິມບໍ່ມີຄວາມຮັບຜິດຊອບຕໍ່ການສູນເສຍທາງດ້ານການເງິນສ່ວນຕົວຂອງທ່ານ.
Source: https://coingape.com/markets/heres-why-matic-buyers-hold-trend-control-despite-todays-sell-off/