MATICBTC analysis on daily timeframe:
MaticBTC is situated into a rising wedge which means a breakdown from this channel will happen. Now is sitting exactly on the support line
RSI is going down which is a sign that bulls are exhausted and also you can see a big bearish divergence (Price vs RSI indicator)
MACD +611 which is very much and it s still laggish.
The...
MACD could cross to the upside, its moving nicely within the triangle, the movements are getting less aggressive compared to the past couple of days.
Volume is down a bit i hope to see buyers regain control and make a new highs.
# I am not a financial advisor, i do this for fun :) Trade at your own risk, remember ALOT of people lose their money.
