Is a double top forming on MATIC?

2023년 12월 20일

I want to draw your attention to the fact that a technical analysis pattern called a double top is forming on the MATIC chart.

In case the local neckline, which is at a strong Fibonacci level of 0.618, is broken, we can expect the price to drop to around $0.56.

I believe it may be a good idea to place buy orders for the asset in the zone of $0.58-$0.60.

Please note that this is not financial advice, and any actions you take are at your own risk!