MATIC Trend of Higher Lows
Most tokens have found support near last summers sell of lows; however, MATIC remains higher. Is that bullish? Yes it is.
Notice the WHITE Higher Low trend. As long as MATIC stays above that trendline, these pullbacks can be considered healthy corrections. The MA 50/100 haven't crossed yet, that is also bullish.
For any breakout MATIC needs to overcome those 2 trendlines. Notice the Squeeze indicator on the daily still has a few more days until it starts to turn green.
I see MATIC still hanging out until the end of the triangle is reached around Feb 14th/15th.
Good Luck
Notice the WHITE Higher Low trend. As long as MATIC stays above that trendline, these pullbacks can be considered healthy corrections. The MA 50/100 haven't crossed yet, that is also bullish.
For any breakout MATIC needs to overcome those 2 trendlines. Notice the Squeeze indicator on the daily still has a few more days until it starts to turn green.
I see MATIC still hanging out until the end of the triangle is reached around Feb 14th/15th.
Good Luck
Note
1H look at the upcoming trendlines
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.