Polygon

<ul><li>TD Sequential buy signal on MATIC&#39;s weekly chart indicates a potential 1-4 candlestick upswing, signaling bullish momentum ahead.</li><li>MATIC&#39;s consolidation phase shows $1.20 as a strong resistance and $0.60 - $0.70 as a significant support level.</li><li>MACD on the daily chart suggests a bullish trend reversal, with the MACD line crossing above the signal line.</li></ul><a href="https://x.com/ali_charts/status/1794997713936719902" rel="noopener noreferrer nofollow">Ali Charts</a>, a technical and on-chain crypto analyst, has identified a notable opportunity in the weekly chart of MATIC, the native token of Polygon, indicating a potential upswing in the coming weeks. The analysis provided by Ali Charts sheds light on various technical indicators and patterns observed in MATIC&#39;s recent price action.The TD Sequential, a popular technical analysis tool, has recently generated a buy signal on the <a href="https://cryptotale.org/decoding-market-signals-is-matic-set-for-a-bullish-breakout/" rel="noopener noreferrer nofollow">MATIC</a> weekly chart, suggesting a favorable outlook for Polygon. This signal anticipates a one to four weekly candlesticks upswing, indicating a potential bullish momentum in the near term.The analysis begins by identifying an initial uptrend in the chart, characterized by a steady increase in price. However, this uptrend is followed by a correction phase marked by increased volatility, as evidenced by longer wicks and larger candles on the chart.Following the correction, <a href="https://cryptotale.org/matics-overbought-signals-raise-red-flags-amidst-bullish-momentum/" rel="noopener noreferrer nofollow">MATIC</a> enters a consolidation phase, with smaller candles indicating reduced volatility. During this phase, key support and resistance levels are identified. The $1.20 mark emerges as a significant resistance level, with multiple candles showing long upper wicks, suggesting a strong barrier to further price appreciation. Conversely, the $0.60 - $0.70 range acts as a notable support level during the consolidation phase.<a href="https://cryptotale.org/td-sequential-buy-signal-sparks-optimism-for-matic-price-surge/" rel="noopener noreferrer nofollow">Source - https://cryptotale.org/td-sequential-buy-signal-sparks-optimism-for-matic-price-surge/</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

TD Sequential Buy Signal Sparks Optimism for MATIC Price Surge

CryptoTale

Інші статті, опубліковані 27 трав. 2024 р.

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