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.
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.
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