MATIC inside rising wedge
#MATIC/USDT
$MATIC rejected from upper line of rising wedge pattern and heading down toward lower line that will be around $0.51.
🐻 break down from lower line of this wedge will drop price more to support zone around $0.35.
🐮 but holding the lower line that is the same with descending trend line and break out from upper line will increase price to higher trend line and resistance zone around $0.85.
$MATIC rejected from upper line of rising wedge pattern and heading down toward lower line that will be around $0.51.
🐻 break down from lower line of this wedge will drop price more to support zone around $0.35.
🐮 but holding the lower line that is the same with descending trend line and break out from upper line will increase price to higher trend line and resistance zone around $0.85.
Trade closed: target reached:
#MATIC/USDT
#update
$MATIC hold the lower line of wedge as support and pumped to broke out from upper line of wedge, and now faced a resistance zone.
🐮 possibly price will have a pullback to support zone around $0.6 and then will continue its rally to resistance zone between $0.8 and $0.9
🐻 break down from support zone will invalid bullish scenario and price can drop to descending trend line.
#update
$MATIC hold the lower line of wedge as support and pumped to broke out from upper line of wedge, and now faced a resistance zone.
🐮 possibly price will have a pullback to support zone around $0.6 and then will continue its rally to resistance zone between $0.8 and $0.9
🐻 break down from support zone will invalid bullish scenario and price can drop to descending trend line.
