MATIC, where is wonderland?

MATIC!!!!! We love YOU! Most of us are wondering if we can make a reversal from this point forward. And we do indeed have some evidence that it can on our 4HR chart. We have our 200 SMA as strong support and got a nice bounce to the upside. Broke our of triangle and 12 EMA(Yellow line). Are we making a reversal or will Bears take back control?

Target 1) 300 Sats
Target 2) 350 Sats
Target 3) 400 Sats

I still believe it's possible we go lower to our 175-200 range whenever BTC breaks out as we're below our blue dottted trendline that was support for our uptrend. We will have to see how this bounce plays out.

Comment:

Looks like we haven't found the bunny hole just yet. Bears are taking back control and breaking some of our relative supports. We are getting a couple of sell signals here, one being that the 12 EMA(yellow) failed to hold as support for short term.

How far will we go? On our 4 hr chart, we can see the 100SMA(orange) creeping up near 250. At 249 sats we also see our .382fib retracement from our swing high. Those are my evidence of support at 250. From there we have our recent lows sitting at 236-240 sat range. I don't see enough evidence just yet to see if we can go any lower than that but as of right now, I think the bulls are sleeping and waiting.

Comment:

Here is some evidence on our VPVR that shows that if MATIC does fall below 230, we could see it go down to sub 200. There is strong support at 170 - 180 according to VPVR and our .236 Fib retracement. But if that fails, prices could potentially rip through to 135 as our most bearish scenario and we should have very strong support at 100-120.