MATIC longer correction ahead?

Expecting short term relieve.
First target is 1,2 extension of current range. This is at the red trendline.
If this trendline is breached, a retest of the trendline is likely followed by a next downward move.
This makes part of a bigger corrective move in terms of EW.
Target of 41cents. Starting point of current upward move.

Key reaction zone: red trendline
If trendline is breached I expect it to happen by the majority of crypto's.