MATIC is ready to move

٢٤ يناير ٢٠٢٣

MATIC is consolidating just below the strong weekly resistance. The prices are now compact in a narrow area formed by a rising trendline and this weekly resistance.

Breakout (A) or breakdown (B) seems about to come.

On 2D TF, MFI already broken its resistance and is consolidating right ahove this one (see the below screenshot). This supports eventually a breakout, if BTC does not become bad (i.e holding $22500 level).

٢٥ يناير ٢٠٢٣

ملاحظة

Finally B scenario happens.
MATIC lost the trendline and is retesting it

٢ فبراير ٢٠٢٣

ملاحظة

Fakeout happened.
Scenario A is the right one.