MATIC BTC Trend reversal?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!!
Maticmoon
MATICUSDT UPDATE is still bullish MACD could cross to the upside, its moving nicely within the triangle, the movements are getting less aggressive compared to the past couple of days.
Volume is down a bit i hope to see buyers regain control and make a new highs.
# I am not a financial advisor, i do this for fun :) Trade at your own risk, remember ALOT of people lose their money.
