CryptoPatel

MATIC/BTC Bearish Analysis ( Adam & Eve Pattern ) Expecting -70%

BINANCE:MATICBTC   MATIC Network / Bitcoin
#MATIC/BTC Technical Analysis:-

#Matic Chart currently trading around 5142 Satoshi
And Also Trading at Strong and All time High Resistance level.

As Per chart Adam & Eve chart Pattern Forming on TOP so IMO it’s bearish Because Adam & Eve Chart max Form at Bottom for Bullish confirmations.
So IMO this will be Trap so Be aware at this Level if you are Planning to Buy/Long in BTC Pair.

If I am talking about Long Term MATIC/BTC price analysis then I am bearish and Expecting -70% more down from this Level.

We can see max 10-20% Upward spike before Big Down Move.

Exit Points:- 5200-6200 Satoshi
Targets:- 3600/2500/1800 Satoshi

This Is Spot chart Analysis so don’t try to Enter in Leverage trade.

Support:- 3600/2500/1800 Satoshi
Resistance:- 6000 Satoshi

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