Hello traders 🐺 .

I hope you fine my dear friends , specially who’s are currently in Ukraine and I wish the best for you guys ; and I’m really sad because of that .
But actually I didn’t post anything for weeks and that because of I was in the travel and during that time had not enough time for publish a new idea ; but now I’m back stronger than any time before and in this idea I want to analyze the MATIC so stay with me until the end of the idea :

about the MATIC I have two different scenario and as you might know usually one of them is bearish , but this is not mean I’m bearish on MATIC or I’m over bullish on it , this is just my two scenario ; because always remember guys you must have two plan and when A happen do A and when B happen do B : so let’s start with the bearish one :

in the chart above you can see that we have a H&S pattern and in the bigger picture MATIC is on the very big rising wedge pattern and the rising wedge pattern is a bearish pattern and this is means that there is more chance to break below rather than break to the upside but the rising wedge pattern still not complete and the time of the break out must neat to the corner of the wedge ; but about the H&S pattern I should to be honest with you my friends there is not a good chance for play out because of the fundamental data and more importantly we have a bullish divergence in the daily candle which means that the market is bored from the current situation , so I just want to show you this pattern to be aware of that , but let’s look at the bullish scenario :

in the chart above we have a clear bullish divergence in the RSI and in my opinion if price success to break the resistance line there is good chance to test the higher trend line of the rising wedge ( red resistance line ) .