In recent market activity for the Matic token, a reversal pattern known as a "head and shoulders" formation has emerged. This pattern typically signals a potential trend reversal, indicating a shift from bullish to bearish sentiment. The formation consists of three peaks, with the middle peak (head) higher than the two surrounding peaks (shoulders). In this context, sellers are gaining momentum, and there's a growing indication of a bearish market trend.
If the hanging man confirms, you can have the price going down to the next support around 0.79
If the hanging man confirms, you can have the price going down to the next support around 0.79
Trade closed: target reached:
target reached