MATIC bottomed near 1.3 w/ engulfing; big resistance zone ahead

MATIC Network / US Dollar (calculated by TradingView) BINANCE:MATICUSD

xtremerider8

This just an update from the previous post w/c finally starts to play out.
MATIC most likely bottomed as it has repeatedly bounced from the 1.3 zone. However there is a big resistance zone between 1.533 & 1.67.
There should be a follow up to this engulfing candle in the days ahead. Failure to break above the resistance zone will set MATIC in a consolidation range.
Not trading advice

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