CryptoDoc91

MATIC Bearish Signals

Short
FTX:MATICUSD   Matic
-For 30 days MATIC price is bouncing off lower BB band up to 20-day SMA and back to the lower band.
-BB getting tighter with strong signals of price consolidation in a downtrend.
-RSI is constant in a predictable pattern for the last 30 days
-StochRSI is more sensitive but noisier, going above 0.8, a possible signal for overbuying and reversal of price to lower levels
-Expect the price to hit lower BB and bounce off in the next 3-4 days, signaling a possible buy if StochRSI ~0.2

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