MATIC: A double top or just a break?

٢١ أغسطس ٢٠٢١

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.

٢٧ أغسطس ٢٠٢١

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