Platon Trading Academy presents a brief overview of what will be today’s daily trading session about.

MATIC/USD

Matic is facing some selling presure towards the 1.0 USD support. Looks like the breakdown is in the play. Or if we get a nice reversal from 1.0 USD supoport following by the break of the trendline we might be on the way up to the 1.2 USD area again:

BTC/USD

BTC is accumulatiing into smaller and smaller ranges. In cases like this usually the break of the very small range will be the start of the bigger move upwards or downwards and the support of the larger range is not going to stop this move. Its still too early to say but if we want to be catching big moves we need to have plan ready ahead of time:

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Disclaimer: This is not an offer for concluding a contract. Trading cryptocurrencies is a highly risky business and as such you are the only person bearing the risk and responsible for your own decisions. Do not engage in trading unless you do your own research and are fully knowledgeable of the risks.