MATIC is currently forming a bear flag pattern. As we can see, the price is forming a short consolidation higher after a sharp price drop known as the flag pole.
The bearish move is forming and the price might continue downwards after the slow consolidation higher.
As another confirmation, we can see that volume is diminishing during the pattern forming.
Traders should now, watch out for a breakout with a significant volume that confirms the continuation of the downtrend
The bearish move is forming and the price might continue downwards after the slow consolidation higher.
As another confirmation, we can see that volume is diminishing during the pattern forming.
Traders should now, watch out for a breakout with a significant volume that confirms the continuation of the downtrend
Trade active:
The breakout from the bear flag has occurred with significant volume, and the price is continuing its downtrend.
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