MATIC Finally Awaken: Here's It's NEXT MOVE ??

Matic started it's downward move since 19th MAY which was confirmed on 21st JUNE as it broke it's uptrend line which it was following since December 2020. In it's previous update we saw how it was trying to breakdown but when it finally did it crumbled below 50-Day EMA further trying to break below 200-Day EMA but surprisingly bounced back to the upside.

Since then, it has been moving upward as it grabbed quite some volumes and liquidity down there making the final break-through past the downward sloped trendline. As of now, it is charging towards upside with strong moves and we may possibly witness the formation of a strong bullish pattern, i.e, Inverse Head & Shoulders pattern only if it manages to stay above the 50-Day EMA otherwise the pattern may be invalidated.

Let's see how it goes (DYOR)

Here's the previous analysis on MATIC :-

Here's another analysis on MATIC :-

CryptoCuriousOfficial 📥

Kommentar:

Matic Following the Pattern, the neckline is almost broken.

Trade ist aktiv:

The formation of Inverse H&S completed and price is pumping since then