Forwarded from Canva (Lemillion)
#matic
MATIC is rejected from the resistance zone and also from the uptrend channel upper line resistance. MATIC broke the uptrend channel in downward direction. MATIC is near all-time and increased drastically in the last few months. Also if you see the marketcap it is $12 Billion and MATIC rank is 10 among all cryptocurrencies. So the upward potential is low because of the high marketcap. We not suggest you to open long position in MATIC here. If you have MATIC already hold with stop loss. Let it come down and stable in a range for accumulation. The support zone for MATIC is $1.75-$1.85 and if broken we see more downside moment.
MATIC is rejected from the resistance zone and also from the uptrend channel upper line resistance. MATIC broke the uptrend channel in downward direction. MATIC is near all-time and increased drastically in the last few months. Also if you see the marketcap it is $12 Billion and MATIC rank is 10 among all cryptocurrencies. So the upward potential is low because of the high marketcap. We not suggest you to open long position in MATIC here. If you have MATIC already hold with stop loss. Let it come down and stable in a range for accumulation. The support zone for MATIC is $1.75-$1.85 and if broken we see more downside moment.