🔥 MATIC Ideal Reversal Point: Bullish Channel

MATIC has been one of the better performing alts over the last couple of weeks. With the most recent bearish move, MATIC is closing in on a perfect reversal area, which is the yellow marked area on chart.

An oversold RSI combined with a strong support might cause MATIC to bounce and resume it's longer-term bullish path. Top resistance of the channel is the bullish target.

However, since we get a lot of macro news this week we might see more bearish price action. In case of the price falling through the support, see the blue lines for bearish targets.