After selling off hard the first two weeks of July down to 70 cents, Matic put in a reversal candle at that support level and bounced. That bounce looks to be running out of steam short of the $1 area resistance. Until I see that level attacked I'm gonna assume the bears are still in control. ### Follow through or No? ![image.png](https://images.hive.blog/DQmSAaVG3BoPGYQg6BbAfJpMPcQMA9yuR5pcP7b5jwWFFF5/image.png) Looking at the chart you can see what I was talking about above. You can also notice that price not only bounced off support, but the 200 day moving average at the same time. As the 200 day creeps up toward the 70 cent area support it will be interesting to see if price can maintain above it. We saw this price action with ETH back in late June when it rallied off the 200 day moving average before piercing it a couple weeks later after it failed to take it's most recent high. Whether Matic price will do the same remains to be seen, but unless price gets to 1.20 then all we have is a bounce without a higher high. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@scaredycatguide/the-price-of-matic-bounced-off-key-support)
author | scaredycatguide |
---|---|
permlink | the-price-of-matic-bounced-off-key-support |
category | hive-167922 |
json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["matic","crypto","trading","alchemist","palnet","leofinance"],"canonical_url":"https://leofinance.io/@scaredycatguide/the-price-of-matic-bounced-off-key-support","image":["https://images.hive.blog/DQmSAaVG3BoPGYQg6BbAfJpMPcQMA9yuR5pcP7b5jwWFFF5/image.png"]} |
created | 2021-07-25 01:24:03 |
last_update | 2021-07-25 01:24:03 |
depth | 0 |
children | 1 |
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root_title | "The Price of Matic Bounced Off Key Support" |
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voter | weight | wgt% | rshares | pct | time |
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gerber | 0 | 13,514,858,269 | 3% | ||
daan | 0 | 52,476,198,288 | 8% | ||
ezzy | 0 | 421,258,574 | 3% | ||
ssjsasha | 0 | 495,149,400,381 | 100% | ||
exyle | 0 | 26,589,641,397 | 3% | ||
alz190 | 0 | 4,030,277,738 | 100% | ||
miketr | 0 | 19,029,187,058 | 10% | ||
anarcist69 | 0 | 2,842,851,275 | 4% | ||
shanghaipreneur | 0 | 20,164,220,443 | 25% | ||
scaredycatguide | 0 | 37,519,744,894 | 100% | ||
animaya | 0 | 3,279,710,588 | 100% | ||
themonetaryfew | 0 | 900,804,880,001 | 100% | ||
carrinm | 0 | 861,752,395,359 | 100% | ||
doitvoluntarily | 0 | 323,626,244,900 | 100% | ||
clayboyn | 0 | 5,522,016,896 | 4% | ||
r0nd0n | 0 | 240,173,721,251 | 100% | ||
mitchelljaworski | 0 | 17,367,563,932 | 100% | ||
builderofcastles | 0 | 24,324,086,636 | 25% | ||
blockchaincat | 0 | 2,153,517,848 | 100% | ||
steemitboard | 0 | 7,171,822,040 | 2% | ||
denmarkguy | 0 | 250,998,538,818 | 100% | ||
ambyr00 | 0 | 9,309,210,764 | 6.25% | ||
pouchon | 0 | 3,445,780,541,201 | 100% | ||
danielsaori | 0 | 837,106,787,632 | 100% | ||
preparedwombat | 0 | 327,824,814,548 | 35% | ||
choogirl | 0 | 24,006,572,911 | 30% | ||
ma1neevent | 0 | 8,843,978,785 | 35% | ||
dune69 | 0 | 18,052,137,780 | 2.55% | ||
iansart | 0 | 6,141,752,552 | 3% | ||
opinizeunltd | 0 | 11,837,624,947 | 75% | ||
followbtcnews | 0 | 86,924,715,319 | 8% | ||
scooter77 | 0 | 47,303,534,136 | 100% | ||
leontr | 0 | 806,719,938 | 40% | ||
crimsonclad | 0 | 69,810,017,046 | 8% | ||
spectrumecons | 0 | 1,056,153,127,424 | 20% | ||
vachemorte | 0 | 56,920,901,506 | 50% | ||
forexbrokr | 0 | 58,068,345,520 | 100% | ||
toofasteddie | 0 | 67,921,887,198 | 13.5% | ||
jpederson96 | 0 | 810,780,736 | 25% | ||
shitsignals | 0 | 1,409,264,058 | 3% | ||
themarkymark | 0 | 3,502,854,664,919 | 10% | ||
fatherfaith | 0 | 631,019,163 | 10% | ||
msp-shanehug | 0 | 36,753,967,852 | 30% | ||
resiliencia | 0 | 202,636,752,267 | 100% | ||
buggedout | 0 | 2,683,776,167,901 | 100% | ||
schubes | 0 | 1,781,034,528 | 95% | ||
nortjenn | 0 | 652,412,636 | 85.5% | ||
duekie | 0 | 1,727,180,923 | 100% | ||
valchiz | 0 | 1,600,700,682 | 30% | ||
htotoo | 0 | 2,404,592,423 | 100% | ||
felander | 0 | 14,594,028,940 | 3% | ||
nadhora | 0 | 1,873,520,979 | 100% | ||
stickchumpion | 0 | 40,573,832,564 | 100% | ||
buildawhale | 0 | 7,746,891,200,601 | 10% | ||
bobokyaw | 0 | 4,071,932,159 | 100% | ||
yogacoach | 0 | 2,786,516,492 | 3% | ||
makerhacks | 0 | 35,440,508,662 | 10% | ||
meno | 0 | 113,456,592,379 | 15% | ||
sebas04 | 0 | 614,510,392 | 100% | ||
jondoe | 0 | 422,106,814 | 100% | ||
vegoutt-travel | 0 | 15,862,457,134 | 20% | ||
sahil07 | 0 | 2,284,702,022 | 100% | ||
caladan | 0 | 8,436,175,894 | 2.55% | ||
coyotelation | 0 | 51,445,437,431 | 50% | ||
diverse | 0 | 368,932,935 | 100% | ||
emrebeyler | 0 | 56,372,621,837 | 3% | ||
dashroom | 0 | 1,593,781,631 | 80% | ||
kaniz | 0 | 4,881,547,759 | 100% | ||
not-a-bird | 0 | 4,919,014,918 | 20% | ||
funt33 | 0 | 798,508,765 | 100% | ||
andyblack | 0 | 30,172,877,733 | 50% | ||
hungryhustle | 0 | 1,711,597,626 | 50% | ||
upmyvote | 0 | 7,287,969,721 | 10% | ||
elbrava | 0 | 3,062,584,074 | 30% | ||
not-a-gamer | 0 | 528,183,570 | 40% | ||
edicted | 0 | 7,215,547,155,995 | 100% | ||
leslierevales | 0 | 2,642,721,305 | 25% | ||
steemboat-steve | 0 | 2,715,948,219 | 50% | ||
videosteemit | 0 | 51,398,954,763 | 100% | ||
newageinv | 0 | 3,563,307,647 | 20% | ||
investyourvote | 0 | 4,960,188,696 | 10% | ||
investprosper | 0 | 1,048,236,785 | 50% | ||
letshodl | 0 | 841,792,787 | 100% | ||
moeenali | 0 | 6,468,223,712 | 1% | ||
pkocjan | 0 | 1,411,351,528 | 2.4% | ||
annabellenoelle | 0 | 6,297,516,605 | 100% | ||
thebluewin | 0 | 225,702,828,530 | 100% | ||
auminda | 0 | 152,122,818,875 | 100% | ||
liberviarum | 0 | 1,108,156,109 | 33% | ||
bozz | 0 | 41,609,298,404 | 5% | ||
citimillz | 0 | 70,584,106,501 | 100% | ||
yann03 | 0 | 687,131,413 | 100% | ||
movement19 | 0 | 1,125,337,529 | 2.5% | ||
ladysalsa | 0 | 544,696,400 | 3% | ||
anthrovegan | 0 | 3,438,835,290 | 50% | ||
reazuliqbal | 0 | 17,433,286,901 | 3% | ||
josemalavem | 0 | 20,245,481,036 | 50% | ||
p-props | 0 | 18,218,700,088 | 100% | ||
bestboom | 0 | 743,818,931 | 3% | ||
onepercentbetter | 0 | 1,257,554,098 | 1% | ||
stmdev | 0 | 397,255,541 | 10% | ||
freddio | 0 | 40,224,131,727 | 15% | ||
jemmanuel | 0 | 15,522,434,392 | 50% | ||
gadrian | 0 | 33,981,231,125 | 20% | ||
gogreenbuddy | 0 | 227,094,008,636 | 10% | ||
rollandthomas | 0 | 6,550,401,563 | 5% | ||
acesontop | 0 | 104,537,312,826 | 100% | ||
meanbees | 0 | 129,513,375,181 | 50% | ||
enm1 | 0 | 26,717,957,140 | 100% | ||
trumpman2 | 0 | 3,294,587,841 | 30% | ||
silveringots | 0 | 246,272,630,804 | 100% | ||
steem.services | 0 | 3,138,960,994 | 0.75% | ||
pladozero | 0 | 28,365,159,082 | 10% | ||
nateaguila | 0 | 323,867,526,207 | 8% | ||
therabbitzone | 0 | 612,995,960 | 50% | ||
merlion | 0 | 16,510,111 | 1% | ||
linco | 0 | 5,070,511,929 | 2.4% | ||
swisswitness | 0 | 1,833,880,610 | 3% | ||
winifredhiggs | 0 | 585,824,497 | 100% | ||
shortsegments | 0 | 58,807,602,367 | 50% | ||
emsonic | 0 | 804,165,693 | 1.5% | ||
investorsclub | 0 | 21,894,641,735 | 100% | ||
dalz | 0 | 213,705,571,334 | 30% | ||
dlike | 0 | 19,695,847,163 | 3% | ||
kofie | 0 | 224,597,292 | 100% | ||
oakshieldholding | 0 | 777,960,233 | 30% | ||
blarchive | 0 | 9,642,593,529 | 8% | ||
berthold | 0 | 1,876,773,431 | 6% | ||
steempope | 0 | 475,332,982 | 70% | ||
conectionbot | 0 | 1,520,452,228 | 37.5% | ||
followjohngalt | 0 | 9,262,588,302 | 2.7% | ||
cakemonster | 0 | 1,807,675,140 | 1.5% | ||
svirus | 0 | 320,276,696 | 100% | ||
devann | 0 | 71,874,836,885 | 25% | ||
samsemilia7 | 0 | 1,588,223,510 | 40% | ||
mrsbozz | 0 | 12,714,930,113 | 50% | ||
permaculturedude | 0 | 1,244,091,014 | 3% | ||
goodcontentbot | 0 | 809,626,255 | 15% | ||
blockbeard | 0 | 2,073,050,913 | 100% | ||
limka | 0 | 15,185,722 | 36.67% | ||
leeyh2 | 0 | 24,453,995,373 | 100% | ||
hungrybear | 0 | 0 | 1% | ||
mister-eagle | 0 | 2,182,263,671 | 100% | ||
dknkyz | 0 | 13,968,082,072 | 40% | ||
ambifokus | 0 | 81,978,374,109 | 25% | ||
mfblack | 0 | 1,471,382,096 | 2.85% | ||
d-company | 0 | 294,919,544,203 | 100% | ||
krunkypuram | 0 | 1,513,294,618 | 100% | ||
crazydaisy | 0 | 354,890,195 | 100% | ||
isiahwalt | 0 | 612,437,191 | 100% | ||
gadrian-sp | 0 | 999,017,901 | 20% | ||
haxxdump | 0 | 123,201,564 | 10% | ||
bagofincome | 0 | 2,409,407,252 | 100% | ||
dalz1 | 0 | 755,257,978 | 50% | ||
hamza-sheikh | 0 | 175,828,564 | 100% | ||
milu-the-dog | 0 | 1,363,097,741 | 3% | ||
steem-key | 0 | 4,125,132,088 | 100% | ||
triplea.bot | 0 | 823,272,543 | 3% | ||
steem.leo | 0 | 19,537,626,534 | 3% | ||
plook | 0 | 4,019,194,202 | 100% | ||
pal-isaria | 0 | 930,160,923 | 25% | ||
leovoter | 0 | 2,457,650,351 | 100% | ||
penpals | 0 | 1,098,017,610 | 100% | ||
vxc.leo | 0 | 87,711,611 | 25% | ||
leoaction | 0 | 289,057,978 | 100% | ||
leoup | 0 | 60,216,630 | 100% | ||
good.game | 0 | 14,302,599,035 | 100% | ||
scaredycatcurate | 0 | 6,295,115,010 | 100% | ||
babytarazkp | 0 | 9,444,638,114 | 85% | ||
botante | 0 | 669,548,599 | 0.45% | ||
johnhtims.leo | 0 | 534,930,973 | 100% | ||
revise.leo | 0 | 3,915,109,779 | 100% | ||
brutoken | 0 | 2,153,967,186 | 100% | ||
urun | 0 | 61,468,942,661 | 100% | ||
maxuve | 0 | 130,359,796,098 | 20% | ||
bruleo | 0 | 702,841,690 | 100% | ||
chris-uk | 0 | 9,886,542,880 | 100% | ||
oelgniksivart | 0 | 898,987,096 | 30% | ||
rosa.leo | 0 | 1,931,181,282 | 100% | ||
gerbo | 0 | 0 | 3% | ||
javb | 0 | 2,873,691,333 | 65% | ||
snoochieboochies | 0 | 3,498,145,820 | 30% | ||
pjansen.leo | 0 | 132,314,146 | 100% | ||
khalpal | 0 | 2,015,690,569 | 100% | ||
chireerocks.leo | 0 | 100,099,266 | 100% | ||
empoderat.leo | 0 | 74,963,062 | 50% | ||
ribary | 0 | 996,872,342 | 1.5% | ||
leomaniacsgr | 0 | 852,919,909 | 50% | ||
toni.pal | 0 | 140,631,885 | 15.62% | ||
beerlotto | 0 | 1,225,750,164 | 50% | ||
bilpcoinbpc | 0 | 513,935,324 | 5% | ||
mice-k | 0 | 777,253,007 | 3% | ||
davidlionfish | 0 | 91,731,700,268 | 100% | ||
platino94 | 0 | 0 | 50% | ||
achim03.leo | 0 | 1,909,886,624 | 100% | ||
dpend.active | 0 | 606,244,192 | 0.6% | ||
beewolf | 0 | 485,238,343 | 100% | ||
penned-bullshit | 0 | 629,878,455 | 80% | ||
polish.hive | 0 | 7,545,217,960 | 3% | ||
captainhive | 0 | 414,007,027,160 | 20% | ||
mynima | 0 | 23,743,325,617 | 100% | ||
jacoalberts | 0 | 6,268,811,279 | 100% | ||
dcityrewards | 0 | 106,566,753,945 | 3% | ||
holoferncro | 0 | 4,445,581,268 | 5% | ||
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hivelist | 0 | 906,369,321 | 0.3% | ||
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kiemis | 0 | 5,446,766,568 | 12.5% | ||
zemiatin1 | 0 | 692,006,947 | 65% | ||
brofund-leo | 0 | 2,026,924,996 | 100% | ||
poshbot | 0 | 2,786,009,851 | 10% | ||
hivecur | 0 | 5,706,658,738 | 3% | ||
zkalemiss.leo | 0 | 1,906,246,409 | 100% | ||
mercurial9 | 0 | 24,946,065,984 | 100% | ||
recoveryinc | 0 | 3,790,979,941 | 5% | ||
sevenoh-fiveoh | 0 | 660,162,692 | 5% | ||
rezoanulv.leo | 0 | 5,054,155,704 | 100% | ||
dying | 0 | 2,889,075,224 | 5% | ||
cmplxty.leo | 0 | 137,631,579 | 100% | ||
discohedge | 0 | 6,332,212,662 | 4% | ||
nolyoi | 0 | 6,274,050,396 | 50% | ||
curatorcat.leo | 0 | 3,218,085,900 | 100% | ||
resiliencia.leo | 0 | 1,877,554,855 | 100% | ||
minebb | 0 | 2,055,191,742 | 100% | ||
gungunkrishu.leo | 0 | 2,906,774,366 | 100% | ||
netaterra.leo | 0 | 933,909,806 | 25% | ||
nathen007.leo | 0 | 532,494,833 | 100% | ||
leoschein | 0 | 2,323,003,626 | 100% | ||
gualteramarelo | 0 | 27,050,413,127 | 100% | ||
eth2 | 0 | 2,051,760,875 | 100% | ||
he-index | 0 | 10,031,820,579 | 20% | ||
hodol | 0 | 1,998,142,129 | 100% | ||
emrebeyler.leo | 0 | 1,524,055,542 | 100% | ||
sharkleo | 0 | 574,370,504 | 25% | ||
dcrops | 0 | 3,579,253,892 | 1.5% | ||
ctpsb.leo | 0 | 708,713,470 | 100% | ||
ammonite.leo | 0 | 1,190,095,960 | 100% | ||
hykss | 0 | 1,848,783,438 | 20% | ||
ctpsb.cut | 0 | 715,311,848 | 20% | ||
shurbertum | 0 | 309,749,726 | 50% | ||
krishu.pal | 0 | 572,610,935 | 100% | ||
belemo.leo | 0 | 192,338,576 | 100% | ||
samrisso | 0 | 6,078,785,098 | 5% | ||
deliveries | 0 | 2,047,167,982 | 100% | ||
tfranzini | 0 | 10,099,301,143 | 25% | ||
jackedup | 0 | 2,003,036,113 | 100% | ||
meowcurator | 0 | 301,016,865 | 70% | ||
dugsix | 0 | 1,723,619,679 | 100% | ||
zdigital222 | 0 | 38,767,627 | 92% | ||
radiofreefutura | 0 | 18,058,133,141 | 40% | ||
ctrlyse | 0 | 846,780,559 | 30% | ||
phul | 0 | 7,148,485,950 | 50% | ||
brofi | 0 | 202,879,293,794 | 4% | ||
mayor333 | 0 | 13,132,776,843 | 100% | ||
bhealy | 0 | 2,071,136,076 | 100% | ||
thewing | 0 | 2,022,888,617 | 100% | ||
generatornation | 0 | 1,070,977,707 | 100% | ||
maurofolco | 0 | 1,722,575,690 | 100% | ||
hodlmi | 0 | 2,047,246,315 | 100% | ||
suzaku8 | 0 | 6,887,491,944 | 100% | ||
egistar | 0 | 4,443,958,010 | 100% | ||
hivebeliever | 0 | 10,459,242,135 | 35% | ||
lanngoc | 0 | 35,974,301,979 | 100% | ||
magic.leo | 0 | 1,025,335,036 | 100% |
Nice bounce, I guess now we wait. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@joefinance/re-scaredycatguide-2kaz8t)
author | joefinance |
---|---|
permlink | re-scaredycatguide-2kaz8t |
category | hive-167922 |
json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@joefinance/re-scaredycatguide-2kaz8t"} |
created | 2021-07-25 04:19:00 |
last_update | 2021-07-25 04:19:00 |
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root_title | "The Price of Matic Bounced Off Key Support" |
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