$MATIC
MMATIC - Head & Shoulders Pattern leading to - Price drop as expected.
It had broken the Red zone.
It might further drops down to touch the Green Dotted line - IMO.
It will break the red box if and only if., it touches the green line as it has done previously (bilateral rejections can be seen).,
Either :
Scenario 1:
It breaks Green dotted to drop further down entering - Bearish zone (from H & S - Pattern).,
Scenari0 2 :
It accumulates and Consolidates at Green dotted line zone ( +/-)., & picks up a heavy volume over MA
to enter - Bullish Zone.
Both scenarios depend on how BBTC/USDT behaves over the next week's close.
It had broken the Red zone.
It might further drops down to touch the Green Dotted line - IMO.
It will break the red box if and only if., it touches the green line as it has done previously (bilateral rejections can be seen).,
Either :
Scenario 1:
It breaks Green dotted to drop further down entering - Bearish zone (from H & S - Pattern).,
Scenari0 2 :
It accumulates and Consolidates at Green dotted line zone ( +/-)., & picks up a heavy volume over MA
to enter - Bullish Zone.
Both scenarios depend on how BBTC/USDT behaves over the next week's close.
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