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Weekly forecast Polygon technical chart
Symbol MATICUSD
Trade Setup

#MATICUSD
Total Profit: 327 point (4%)
Closed trade(s): 327 point Profit

Trade Setup:
We opened 9 BUY trades @ 0.8513 based on 'Valley' entry method at 2022-11-22.

Closed Profit:
TP1 @ 0.8840 touched at 2022-11-24 with 327 point Profit. (4%)
8 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
DateDecember 25, 2022 - 18:05
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 1.3070, beginning of downtrend is expected.
  • We make sure when the support at 0.3160 breaks.
  • If the resistance at 1.3070 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
  • A peak is formed in daily chart at 0.9500 on 12/03/2022, so more losses to support(s) 0.6900, 0.4485 and minimum to Major Support (0.3160) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 40.

Supports and Resistances:

  1. 2.9250
  2. 2.4400
  3. 2.0998
  4. 1.7000
  5. 1.5050
  6. 1.3070
  7. 1.0545
  8. 0.8840
Click on the level to view price action history.
Symbol Released Current Forecast
Polygon (MATICUSD) Tue, 16 Apr 2024
Polygon (MATICUSD) Mon, 15 Apr 2024
Polygon (MATICUSD) Mon, 15 Apr 2024
Polygon (MATICUSD) Sun, 14 Apr 2024
Polygon (MATICUSD) Sat, 6 Apr 2024
History
Daily-Trading-Opportunities on MATICUSD.