$MATIC
MMATIC - Head & Shoulders Pattern leading to - Price drop as expected.
It had broken the Red zone.
It might further drops down to touch the Green Dotted line - IMO.
It will break the red box if and only if., it touches the green line as it has done previously (bilateral rejections can be seen).,
Either :
Scenario 1:
It breaks Green dotted to drop further down entering - Bearish zone (from H & S - Pattern).,
Scenari0 2 :
It accumulates and Consolidates at Green dotted line zone ( +/-)., & picks up a heavy volume over MA
to enter - Bullish Zone.
Both scenarios depend on how BBTC/USDT behaves over the next week's close.
It had broken the Red zone.
It might further drops down to touch the Green Dotted line - IMO.
It will break the red box if and only if., it touches the green line as it has done previously (bilateral rejections can be seen).,
Either :
Scenario 1:
It breaks Green dotted to drop further down entering - Bearish zone (from H & S - Pattern).,
Scenari0 2 :
It accumulates and Consolidates at Green dotted line zone ( +/-)., & picks up a heavy volume over MA
to enter - Bullish Zone.
Both scenarios depend on how BBTC/USDT behaves over the next week's close.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.