Hello everyone MATIC / USDT is in a medium term downtrend with low buy volume return on wedge breakout.
This session shows us an attempt by buyers to climb resistance is in the price, possible pull back down on the SMA 38. The bearish signal will come to the resistance zone with sellers picking up for a powerful drop.
The non-growth of SMAs will confirm the trigger. We can see a bearish divergence on the chart and a bullish divergence on the rsi .
So the trend line will break down to resume on a new short term uptrend. Strong potential to start again on the lower support level to test the support zone .
These are not investment advice but usage recommendations.
Thank you for taking the time to read my analysis. I hope you enjoyed it.
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