Just like many other cryptos, MATIC is currently facing a strong bearish move after hitting the $2.15 area late October.
Over the course of several months now, MATIC has formed a nice bullish channel chart pattern. Assuming that BTC will not see a strong dump, I'd wager that MATIC will see a bullish reversal from the bottom of the channel.
So, in case we see more bearish price action in the near future, expect a high probability of reversal from the channel's support.
First target placed at $2.15, second at $2.45.
Happy trading!
Over the course of several months now, MATIC has formed a nice bullish channel chart pattern. Assuming that BTC will not see a strong dump, I'd wager that MATIC will see a bullish reversal from the bottom of the channel.
So, in case we see more bearish price action in the near future, expect a high probability of reversal from the channel's support.
First target placed at $2.15, second at $2.45.
Happy trading!
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