We are def. oversold! I'm looking at a upward bounce on Tuesday, hopefully we can break out of the channel and stop this horrible downward momentum. I think we will at the least test the top of the channel, hoping for the best.
We rejected the long term bear market trend line, looks like we are heading towards the 7k range. Hopefully we can bounce from there and start the real long term #Bull #Market! If 7k support level doesn't hold, 5-6k price range is a possibility.
By the looks of it, we are staying within the same channel we have been trading in since June 2019! The volume on this pump even looks weaker compared to the last 2 pump. $5000-$6000 looks very possible! I would give it 55-60% chance of happening. Don't get excited and jump in on top of the channel, wait for confirmation of bull trend.
Matic has finally broken out of the downward pattern. It looks like we're creating a upward pattern now, need to hold $0.021 - $0.022 as resistance.
It looks like another similar channel is forming again to the upside. If it continues in this pattern we can hit new all time highs. I give $ 0.03 + a more than 50% chance to happen.