Ranging movement in Polygon market
Polygon (MATICUSD) Price Analysis – 13 May
After breaking through the $0.86 barrier, Polygon might be able to reach the $0.91 and $0.93 difficulty levels. If sellers gain some impetus, the market can break through the $0.72 support level and expose itself to the $0.65 and $0.59 levels.
Key Levels:
Resistance levels: $0.86, $0.91, $0.93
Support levels: $0.72, $0.65, $0.59
MATIC/USD Long-term Trend: Bearish
The long-term outlook for MATIC/USD is negative. The value of cryptocurrencies has dropped as a result of the sell-off that started on March 14. This occurred after the contestants’ match, at the $1.27 mark. The final amount after a two-week cost decrease is $0.72. Customers are stopping further market downturns. Bulls upheld the level that was highlighted recently. The current ranging phase is causing it to break up in the direction of the $0.86 resistance level.
When MATIC is trading above the Hull Suite crypto signals indicator, bulls are in charge of the market. After breaking through the $0.86 barrier, Polygon might be able to reach the $0.91 and $0.93 difficulty levels. If sellers gain some impetus, the market can break through the $0.72 support level and expose itself to the $0.65 and $0.59 levels.
MATIC/USD Short-term Trend: Bearish
A polygon’s 4-hour declination is shown. On the 4-hour time scale, the price action from the previous week around the $0.65 level produced a modest double-bottom chart pattern. It looks like there is a $0.86 price cap for purchasers. It was rising in the direction of the $0.91 ceiling but sellers opposed the movement and resulting in to ranging phase.
Given that Hull Suite is now less expensive than Polygon, a price rise makes logical. When the QQE MOD indicator is more than zero, a buying opportunity may be recognized.
You can purchase Lucky Block here. Buy LBLOCK
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.