MATIC's chart is scary
MATIC Network / USD BINANCEUS:MATICUSD
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 (https://thepatternsite.com/dt.html) there’s a 53% chance it breaks upwards. The question is, are you feeling lucky?
