MATIC is inside a channel as it is correcting but there is also a symmetrical triangle playing out here as well. I see three likely options as I show with the arrows below. We may stay in the channel all the way down to the $1.30 range or we may hit the bottom of the triangle and start moving up again. Watch for the breakout of the channel its currently in before...
We are getting ready to breakout, estimates are this will go over $1, maybe even $1.50.
I think we are going to make one more touch to the lower trendline today before continuing the upward trend. I think we will get resistance at .86 and .94 before finally breaking through for a new ATH. Good luck for all of us.
Looks like MATIC has broken out and found support at .90 cents. Now I think we can find the momentum to get to $1