MATIC reached 4H resistance.

MATIC Analyis.


10/25/20221 min read

This is a MATIC idea.

MATIC just pumped and reached the 4H resistance level.

There are two resistance levels on the way up and two support levels on the way down.

We have two possible scenarios:

Scenario One:

The price will pass the 4H resistance level and confirm above it to reach higher levels.

Scenario Two:

The price will be rejected, solidly supported, and pushed back up again.

As you can see on the chart, this coin has reached 2 levels of resistance on the hourly and daily timeframes based on the Fibonacci retracement.

RSI is oversold, and the price has more room to go down.

Now let's see your ideas. Let's have a discussion.

Let me know if you guys have any questions;

I will be more than happy to help.

Good luck, and thank you.

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