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MATIC Price Analysis Price Target 2021

by smart

hey what’s up guys so in this video we’ll be taking a look at our targets for matic right now in the media short term so as i’m recording this video metric is trading at about one dollar and seven cents and to give a brief recap of metic you can see that we did manage to break through this resistance that we were looking at in the previous video at about one dollar so this level had quite a bit of significance for the coin you can see that it was the previous support that we were using from the 22nd of june to the 13th of july and once we fell below the support you can see we re-tested it as resistance before selling off towards the downside and currently you can see that we have broken trade quite convincingly and right now we’re having follow through towards the upside yes so currently the next target for method would be to get above this important level of resistance over here at about one dollar and 17 cents so you can see based on the past data that we have available this level here at about a dollar seventeen cents has quite a bit of significance formatic you can see that when method is trading below it we generally struggle to get above it and upon testing the line a lot of sellers step in and we sell off towards the downside so you can see from about the 22nd of june to the 8th of july we struggled to break above this level and on the 8th of july we finally gave up and we had this selloff towards the downside and you can see that when matic is trading above this level over here it’s generally quite a strong support for the coin and upon testing the line we get continuation towards the upside so the point that i’m trying to make is that in order for metic to have any significant training move towards the upside this is the first major resistance that we need to break through comfortably and convincingly right now at about one dollar and 17 cents so we need to do something similar to what we did earlier previously on the 14th of may you can see that we broke above it quite convincingly over here and we had followed through towards the upside yes so this would be the next target for metric right now we need to get above this level yet about one dollar and seventeen cents so i think that if you get above it and if you start to open and close four hour candles above it maybe about one or two four candles that should be pretty good enough we probably have continuation to test this next level here in this scenario at about one dollar and fifty cents alternatively if you close above this high over here at about one dollar and twenty five cents if you close a four hour candle above this high oil if either those two conditions are met we probably have continuation to this next level here at about one dollar and fifty cents and you can see likewise this level has quite a bit of significance it was the previous support that we were using for about a few weeks earlier we broke down from the support we tested it as resistance before selling off towards the downside yes so this would be the current target for matic right now at about one dollar and 17 cents if we start to close four hour candles comfortably above it or if we close one four hour candle above this previous high oreo if i know those two conditions are met we will have continuation to test this next resistance oil dollar and fifty cents yesterday the target formatic right now towards the upside and the support that metric will need to hold be this level at about one dollar so you can see based on the past data that we have available available when matic is convincingly trading above this level over here we generally find support of the one dollar level before putting another rally towards the upside so if medic does get rejected at this level or if we just come back down from where we are right now this will be the level that i’ll be looking at for methic to potentially put in the bound set at about one dollar and if we saw the closed candles below this level over here something similar to what we did previously on the 12th of july we’ll probably have an extended selloff to this next level here at about 83 cents which you can see was the previous resistance that we broke out from back tested as support and it gave us a bit of continuation towards the upside yesterday with the target metic right now if you liked the video please remember to like and subscribe hey guys if you’re interested in trading or buying any of the all coins that i go through on the channel make sure you sign up using the link down below on binance if you sign up using the link you get a permanent 10 percentile trading fees and so if you’re interested please click the link down below and i’ll see you guys in the next video


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MATIC Price Analysis Price Target 2021
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