MATIC downtrend shows head and shoulders although sloppy

21 May 2019

IF this plays out as a head and shoulders pattern, the breaking of the neckline along with the 0.5 fib could take us back to the 0.618 fibonacci. this drops us to 0.023 give or take. if support at the 0.5 fib holds and we get a bounce or rise above the 0.382 I believe we make a new ATH over 0.045 within 12-36 hours. If not, sell what you have and enter in a new bottom around 0.02-0.023