MATIC analysis of the 4-hour time form
The price of Metic is now 0.846 dollars. The upcoming support (0.822) is important because the largest volume of this interval is in this area, and in case of support at the price of 0.822 dollars, target 1 is likely to be hit, and if the next resistance is broken, target 2 will be touched.
The drawn black trend line is the next resistance, which is of great importance. If it is broken upwards, we will see the third target as well.
Our key support is the pink box drawn below, which is the same as our Fibomachi 50. As this area is lost, the possibility of a downward trend change increases.
Technical analyst: Amirhasan Salek
The price of Metic is now 0.846 dollars. The upcoming support (0.822) is important because the largest volume of this interval is in this area, and in case of support at the price of 0.822 dollars, target 1 is likely to be hit, and if the next resistance is broken, target 2 will be touched.
The drawn black trend line is the next resistance, which is of great importance. If it is broken upwards, we will see the third target as well.
Our key support is the pink box drawn below, which is the same as our Fibomachi 50. As this area is lost, the possibility of a downward trend change increases.
Technical analyst: Amirhasan Salek