The falling wedge pattern (Marked on the grey thick lines) is a continuation pattern that forms when price bounces between two converging and downward sloping trend lines. This is considered a bullish chart formation but can show both reversal and continuation patterns – depending on where it appears in the trend.
It breaks the falling wedge (red circle area)...
Double bottom pattern is forming on MATIC/USDT 1H Chart
After rebound on major support on $1.3, MATIC is forming a double bottom pattern
If MATIC managed to break the neckline on $1.4 , Target is on $1.5
S @ $1.3
R1 @ $1.5
R2 @ $1.67
