MATICUSD ❕ an upward channel is formed

٢٢ أبريل ٢٠٢٢

Continuing to move in the downward channel, the Matic formed an upward channel. During this, the price broke up through the 100MA on the 4H Timeframe and trading volumes increased while the price traded above the liquidity level. I expect a second decline to the support level, fixing above it and then reaching the resistance level.