Daily, 4-hr and 1-hr charts depict that MATIC remains in an overall uptrend with support expected to hold on dips. Short term bias is bullish, with scope for a rally on a break above 4-hr and 1-hr resistance zones within the defined channels.
For a more in-depth technical analysis across different timeframes, please click the link to view the identified levels of support and resistance, trends, and reversal patterns on the weekly charts.
Daily Timeframe
- Daily chart shows MATIC trading within an uptrend channel with support at 0.7206.
- Key resistance is supply zone #1 from 0.9616-1.0333.
- Bullish fair value gap from 0.8445-0.8821 signals potential upside.
- Daily timeframe points to a possible continued uptrend as long as support holds.
Support and Resistance Levels
Support Zone #1 | 0.7206 |
Resistance Zone #1 | 0.9277 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 0.9616 | 1.0333 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG #1 | 0.8445 | 0.8821 |
4 Hour Timeframe
- 4-hr chart in an overall bullish configuration with support at 0.8270.
- Fibonacci retracement levels point to possible bounce zones between 0.8182-0.8902.
- Demand zone 1 from 0.8654-0.8317 and bullish gap from 0.8654-0.8821 signal buying pressure.
- The 4-hr chart indicates upside potential on a break above resistance at 0.9327.
Support and Resistance Levels
Resistance Zone #1 | 0.9327 |
Fibonacci Retracement Levels
0.382 | 0.8902 |
0.50 | 0.8692 |
0.618 | 0.8483 |
0.786 | 0.8182 |
0.882 | 0.8009 |
Demand Zone
Zone Number | High | Low |
Demand Zone 1 | 0.8654 | 0.8317 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG 1 | 0.8654 | 0.8821 |
1 Hour Timeframe
- 1-hr chart finds strong support at 0.8270 and bids emerging at demand zone 1 of 0.8961-0.8821.
- Upside favors a break of resistance at 0.9292 within the channel.
- Bullish gap from 0.8961-0.9002 reinforces support base.
- 1h timeframe depicts a bullish bias as long as 0.8270 support holds.
Support and Resistance Levels
Support Zone 1 | 0.8270 |
Fibonacci Retracement Levels
0.382 | 0.9292 |
0.50 | 0.9202 |
0.618 | 0.9112 |
0.786 | 0.8983 |
0.882 | 0.8910 |
Demand Zone
Zone Number | High | Low |
Demand Zone 1 | 0.8961 | 0.8821 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG 1 | 0.8961 | 0.9002 |