Short
🔥 MATIC Perfect Rising Wedge: Time For Correction?
MATIC has been seeing very good returns over the past weeks. However, during it's uptrend it has formed a rising wedge on the chart, which is classically a bearish reversal pattern.
BTC is showing some weakness, so it might be that this pattern will play out. Wait for the price to close below the wedge's support to confirm the reversal.
Targets in blue. I'm not expecting a longer term trend change, so might actually be a decent idea to buy in from the blue areas.
This signal will be invalidated if MATIC will break through the top resistance. Be patient!
BTC is showing some weakness, so it might be that this pattern will play out. Wait for the price to close below the wedge's support to confirm the reversal.
Targets in blue. I'm not expecting a longer term trend change, so might actually be a decent idea to buy in from the blue areas.
This signal will be invalidated if MATIC will break through the top resistance. Be patient!
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