Short

Matic Will We See Another Bearish Move ?

Updated

Hi traders:

Also on my watchlist for short term crypto bearish move is MATIC.

We can see a clear, higher time frame double tops,
and price move up to the highs correctively within the ascending structure.

After hitting the ATHs. no bullish continuations,
instead, a bearish reversal from the top.

Now that price is pushing down impulsively, watch for the break of the current structure,
and confirm with a lower time frame continuation correction before looking for the sell entry down to previous lows.
Comment
Price indeed impulse down, look for bearish continuation correction
snapshot
Comment
snapshot
Chart PatternscorrectionFlagimpulseParallel ChannelpatternpriceactionstructureWedge

Also on:

Related publications

Disclaimer