The MATIC price flipped into a bearish trap and strikes at $1.61. In the early hours, MATIC was positioned at $1.82 and witnessed a downtrend from $1.82 point to reach $1.7. Currently the movement has shifted from the parallel range, quoted and is falling as a downtrend. In coming hours, the price may slump further at $1.55. In Contrast, gaining some bulls it...
--> Breakout with Buildup
--> Retraced to 50% of Fib levels
-->Trend line Breakout
-->Flag and Pole breakout
--> VSA Zone successfully tested with High volume
-->Support from 50 EMA
Target 1 = 2.5 USD
Target 2 = 3 USD
I am making profits btw.
dont believe me....see my previous charts
come to the point,
breaking that downward red channel will send matic to atleast 100% up.
MATIC is about to break the bullish triangle. But if it didn't break, and fall, it will store enough energy to not only break the trend but to go high to 0.045 USD. Observe the trend. Moreover, it is not overbought.
