MATIC has broken through the first resistance or will the price?
MATIC Network / TetherUS BINANCE:MATICUSDT
Hello everyone, let’s take a look at the MATIC to USDT chart in 1H. As you can see, price is moving above the local uptrend line.
Let’s start with the support line and as you can see, the first support is $ 1.63, while the next support is $ 1.56 and $ 1.50.
Now let’s move from the resistance line as the first resistance is $ 1.68 which the price has now broken, the next resistance is $ 1.78 and $ 1.92.
Looking at the CHOP indicator , we can see that we have a lot of energy in the 1H range.
