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MATIC: Pullback in Uptrend
Polygon (MATIC) technical analysis:
Trade setup: Pullback near $0.75 support and 200-day moving average could be an attractive swing entry in Uptrend.
Trend: Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance: Nearest Support Zone is $0.75, then $0.50. The nearest Resistance Zone is $1.00, then $1.30.
Trade setup: Pullback near $0.75 support and 200-day moving average could be an attractive swing entry in Uptrend.
Trend: Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance: Nearest Support Zone is $0.75, then $0.50. The nearest Resistance Zone is $1.00, then $1.30.
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