Description
⋅ We can see that MATIC is showing a little resistance at the top side of this descending channel.
Here on the Daily we can see three drives bearish divergence! Three is a party! Let's party bears!
But it gets better! Daily RSI is already sloping down and has crossed below the moving average!
To confound things further, we can see that the bears are failing to push through the middle of the rising wedge formation!
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Not financial advice. It is imperative everyone conduct their own research prior to any trade and/or investment! Comment
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Comment
⋅ Upon further examination, I see the sloppy rising wedge can also be charted as a sloppy rising channel!
Comment
⋅ Interestingly, MATIC/BTC is in a very similar disposition! If MATIC/USD and MATIC/BTC drop, then I'll be looking to catch some epic shorts!
Conversly, if the bulls come out to play, I'll be long like Donkey Kong!!!
Let's get this crypto!