MATIC 1 Day Technical Analysis

29 באוג׳ 2021

MATIC being a part of the Polygon network makes it pretty good fundamentally, The technical side shows a cup and handle formation. I would personally wait for a couple of days before confirming the cup and handle as it's not complete yet. As far as the entry is concerned, I would recommend entering after a few price action confirmations like a good candlestick pattern like a bullish engulfing or a high volume breakout from the resistance, you could always wait for a retest but that might not happen in some cases so DYOR. SL would be around the bottom of the handle and the target would be somewhere near 2.3 as shown by the Fibonacci.