Matic has been confirmed to have a downtrend for the following reasons and has not shown any sign of a change in trend at the moment.
1- RSI negative divergence: As can be seen in the chart on the right side, the MATIC has a negative divergence, which is a sign of a downward trend.
2- Bearish crossovers of Brick indicator and brick zone indicator.
3- Bearish crossover of MA 20 and MA 40 indicators on Renko chart
All of these indicate a confirmed downtrend
Matic is now faced with the resistance of Ma20. I expect the downtrend to continue in the future
1- RSI negative divergence: As can be seen in the chart on the right side, the MATIC has a negative divergence, which is a sign of a downward trend.
2- Bearish crossovers of Brick indicator and brick zone indicator.
3- Bearish crossover of MA 20 and MA 40 indicators on Renko chart
All of these indicate a confirmed downtrend
Matic is now faced with the resistance of Ma20. I expect the downtrend to continue in the future
Trade active:
Metic is above the support level. Metic's reaction to this level is important. In case of breakdown the the next target will be $ 0.9
