MATIC/USDT - H&S Neckline Was Broken !
MATIC/USDT is showcasing a classic bearish head and shoulders pattern
with a defined neckline that has recently been broken. As Price has had a nice breakdown, it did not have any re-tests of that same broken zone of neckline.
We are seeing a good chance of our target zone still being reached, but we might see a slight bullish movement, maybe to re-test that same neckline zone.
Swallow Team
with a defined neckline that has recently been broken. As Price has had a nice breakdown, it did not have any re-tests of that same broken zone of neckline.
We are seeing a good chance of our target zone still being reached, but we might see a slight bullish movement, maybe to re-test that same neckline zone.
Swallow Team
Comment:
After the Re-test, the price has had a very nice movement to lower zones getting rejected from upper resistance
After the Re-test, the price has had a very nice movement to lower zones getting rejected from upper resistance
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Re-Test has happened to neckline zone which mean we are going to look for a potential rejection here!