JoelCupeles

Acending Wedge Breakout and What We Can Expect

Long
COINBASE:MATICUSD   Polygon
Ascending Wedge most of the time means incoming falling in price and in this case is what happens (the breakout happens in the red circle). We can expect more falling in price depending on the selling pressure for that reason DONT panic sell. Matic is an awesome project with a lot of potentials, Matic can reach $7 in the long-term. MACD still below the 0.0 line, the price can go down until reaching the ema 200 in the 30m chart and that can be good support.

Wish you all a profitable weekend!

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