MATIC BTC Trend reversal?
Updated
MATICBTC analysis on daily timeframe:
MaticBTC is situated into a rising wedge which means a breakdown from this channel will happen. Now is sitting exactly on the support line
RSI is going down which is a sign that bulls are exhausted and also you can see a big bearish divergence (Price vs RSI indicator)
MACD +611 which is very much and it s still laggish.
The problem with Matic are:
-BTC dominance is about to breakout from falling wedge = Altcoins in satoshi will go down , so matic will break this support line and also the wedge and will go to the hell
-Tomorow (1 january) will close Daily,2days,3days,4days,5days candles,4 months and in 3 january weekly,two weeks,three weeks,monthly,2 months,3 months. This means a powerfull MOVE will happen
-MATICUSDT on daily if will close below 2.532$ the price will go down.
Play safe and Happy New year!!
MaticBTC is situated into a rising wedge which means a breakdown from this channel will happen. Now is sitting exactly on the support line
RSI is going down which is a sign that bulls are exhausted and also you can see a big bearish divergence (Price vs RSI indicator)
MACD +611 which is very much and it s still laggish.
The problem with Matic are:
-BTC dominance is about to breakout from falling wedge = Altcoins in satoshi will go down , so matic will break this support line and also the wedge and will go to the hell
-Tomorow (1 january) will close Daily,2days,3days,4days,5days candles,4 months and in 3 january weekly,two weeks,three weeks,monthly,2 months,3 months. This means a powerfull MOVE will happen
-MATICUSDT on daily if will close below 2.532$ the price will go down.
Play safe and Happy New year!!
Trade active
Soon the target will be reached. You can close your trade here with big profits. Good luck
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