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MATIC Analysis:

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MATIC breaks the 1supportaftermultipleretests.WealreadywarnedyouaboutMATICinpreviousposts.MATICisnowheadingtowardsthemajorsupportzonefromwheretherallystarts.Thesupportzoneis1 support after multiple retests. We already warned you about MATIC in previous posts. MATIC is now heading towards the major support zone from where the rally starts. The support zone is0.75 - 0.82area.MATICneedstoholdabove0.82 area. MATIC needs to hold above0.75 otherwise we will see a new downtrend that will lead MATIC to 0.5orbelow.Goodlongopportunityatthesupportzoneof0.5 or below. Good long opportunity at the support zone of0.75 - 0.82withastoplossofbelow0.82 with a stop loss of below0.74. MATIC may retest the $1 resistance zone in the coming days.


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