MATIC - Potential Bullflag breakout

25 Des 2023

Here we see Matic trying to break out of its bullflag (green lines). A daily candle close above the resistance line would cause a breakout to $0.98 once the 0.786 is closed above. Then our target would be $1.14 (1.618) and a potential bullflag target of around $1.50 if the flagpole extrapolation is reached.