Matic broke down out of the ascending broadening wedge in January of this year. It has now formed a descending triangle. A breakdown from this pattern has a target price of almost $.50.
Investing in MATIC right now is PURELY out of confidence in the fundamentals. The technicals look bearish in my opinion.
It could break upwards according to Bulkowski (thepatternsite.com/dt.html) there's a 53% chance it breaks upwards. The question is, are you feeling lucky?
Investing in MATIC right now is PURELY out of confidence in the fundamentals. The technicals look bearish in my opinion.
It could break upwards according to Bulkowski (thepatternsite.com/dt.html) there's a 53% chance it breaks upwards. The question is, are you feeling lucky?