MATIC daily chart update

٢٦ سبتمبر ٢٠٢٢

The yellow rectangle marks the cup and handle pattern on the daily chart, but after breaking through 1.0166, the price did not continue to rise, but fell below 0.8488, invalidating the pattern. And MATIC presents lower high and lower low.
The current price is around 0.7293, where a pin bar has previously appeared and made the price rise (arrow), and the highest is 1.0550. Represents an effective support range near 0.7293.
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Pay attention to the support below:
0.6504
0.5715
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Before MATIC breaks through the downtrend line, the period smaller than the daily chart should avoid contrarian trading, and it is more appropriate to enter the market with an empty order.
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