Matic broke down out of the ascending broadening wedge in January of this year. It has now formed a descending triangle. A breakdown from this pattern has a target price of almost $.50.
Investing in MATIC right now is PURELY out of confidence in the fundamentals. The technicals look bearish in my opinion.
It could break upwards according to Bulkowski (thepatternsite.com/dt.html) there's a 53% chance it breaks upwards. The question is, are you feeling lucky?
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