MATIC Potential Double Top

30 בדצמ׳ 2021

MATIC is trending higher inside of an uptrend channel, but is putting in a potential double top. Price is trending above the short-term moving averages with all moving averages in a bullish cross. Lower indicators are all showing bullish trend and momentum behind price. Should MATIC pull back on double-top resistance watch for support in the $1.70-$1.45 area with additional support at the 200sma. A move above the double top and to new highs would indicate uptrend continuation.