Our recent analysis of MATIC has almost proven accurate,
nearly reaching the risk-reward target of 1:2.
showcasing the effectiveness of technical chart patterns in predicting price movements. The chart identified the formation of a cup and handle pattern, a bullish continuation pattern suggesting the resumption of an uptrend. This pattern, coupled with the ascending trendline providing solid support, set the stage for a potential breakout.
MATIC's price action confirmed our analysis by breaking above the resistance level of around $0.52
This significant price increase validates our technical approach and demonstrates the power of combining various indicators and patterns for making informed trading decisions.
Congrats for everyone who took the trade 🙏