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MATIC: A double top or just a break?

Matic is at a critical level. If it doesn't pass 1.7 then should hit 1.5 before it's next move. The trading channel is clear on the chart. The RSI is slightly high but not at a critical level and at the same level as last time we hit 1.7 back in Jun. It could continue its run after another red candle but it could also take a few days off and reach 1.5. I don't see any reason for a trend reversal at this point, but keep an eye on that trendline.
Trade fechado: objetivo atingido
Market Maven: Never Miss a Move.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
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Market Maven: Never Miss a Move.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.