Hello everyone,
Let’s take a look at the 4H MATIC / USDT chart.
Please note that we are moving in the Relegation Channel and are getting close to leaving it ..
Now let’s move on to highlighting the support lines in purple and we can see that the first support is $ 1,419, the next is $ 1,344, and the next support is $ 1,248.
Now it is worth marking the places of resistance in red. And we can see that the first resistance comes at $ 1,446 that price is currently struggling with, and when it breaks, the next resistance comes at $ 1.57 and $ 1,672.
It is worth paying attention to the CHOP indicator , which shows that we still have a lot of energy that can be used in the near future.