MATIC- breakout failure
Hello everyone
In the past couple of days we have seen some good momentum in the market , but sadly we can see divergence in 4 hours chart (green candle peaks on 20 Apr & 22 Apr),And we have a big shadow on the daily candle so far, Plus we had a half hearted rejection on our weekly trend line(The big red one).Consider this too, market been making higher lows on daily,but until I see a breakout on the red trend line, I think it's going down.
So far, my observation shows a possible breakout of the current channel on daily and maybe we have the price in between 1.3$ and 1.225$( It depends on today's candle very much).
Hope you guys make good money anyway.
In the past couple of days we have seen some good momentum in the market , but sadly we can see divergence in 4 hours chart (green candle peaks on 20 Apr & 22 Apr),And we have a big shadow on the daily candle so far, Plus we had a half hearted rejection on our weekly trend line(The big red one).Consider this too, market been making higher lows on daily,but until I see a breakout on the red trend line, I think it's going down.
So far, my observation shows a possible breakout of the current channel on daily and maybe we have the price in between 1.3$ and 1.225$( It depends on today's candle very much).
Hope you guys make good money anyway.
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