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Matic SHORT, 180 day Rising Wedge
Matic has formed a nice Rising Wedge top formation, where after a sharp selloff which marked the first top price slowly climbed towards it for almost 6 months.
Also we have a nice false breakout above previous ATH, which wasn't accepted by the market. We can expect a breakout of support trendline to the downside, and after retest of it we can expect price to reach our target towards yellow line.
Also risk is very small relative to reward, price has barely moved from ATH relative to other altcoins, which are down much more from ATH (xrp, bch and others).
Also we have a nice false breakout above previous ATH, which wasn't accepted by the market. We can expect a breakout of support trendline to the downside, and after retest of it we can expect price to reach our target towards yellow line.
Also risk is very small relative to reward, price has barely moved from ATH relative to other altcoins, which are down much more from ATH (xrp, bch and others).
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