A couple of days ago I made an analysis on MATIC. Here I argued that there was a decent possibility for MATIC to reverse from the top of the channel and make a bearish move. Today was one of the most bearish days since the massive sell-off two weeks ago. During this period, MATIC has almost reached the yellow area around the channel's support.
Once the price reaches the yellow area I'll be scouting for a potential entry. Be aware that if BTC will remain bearish the price will fall right through the support. BTC is key.
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.