Short
Altcoins bleeding (MATIC)
Matic also looks like it is about to correct. The current level has a lot of support relative to other recent areas. After rejecting the .5 fib the token could fall rather harshly here. 2 EMAs are alrdy fully pointing downward and the longer term averages are coiling. RSI broke long-term trend and volume has fallen harshly. Matic could fall as low as 65 cents.
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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.