MATICUSDT | A Decisive Level
Disclaimer on,
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
Currently, MATICUSDT is at the crossroads between continuing its strengthening to the 2.42xx area which is a classic resistance area or will reverse down (False Break) and penetrate the lower trendline as confirmation of the formation of the Rising Wedge pattern.
Rising Wedge pattern is a bearish pattern with confirmation of its formation when the lower trendline is broken. The downside target of the confirmation of this pattern is the 1.9xx area.
Then what do you think?
Give your opinion in the comments column.
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
Currently, MATICUSDT is at the crossroads between continuing its strengthening to the 2.42xx area which is a classic resistance area or will reverse down (False Break) and penetrate the lower trendline as confirmation of the formation of the Rising Wedge pattern.
Rising Wedge pattern is a bearish pattern with confirmation of its formation when the lower trendline is broken. The downside target of the confirmation of this pattern is the 1.9xx area.
Then what do you think?
Give your opinion in the comments column.
Trade closed: target reached