MATIC Network Moving Within Ascending Channel | Path Mapped

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MATIC Network (MATICBTC) is trading within an ascending channel and gaining momentum to the upside.

The chart for MATIC is completely bullish but a retrace might be coming up next.

We can see that MATICBTC is reaching the upper side of the channel as well as bearish divergence showing up on the MACD and RSI.

Prices are moving higher and things are looking good but remember that the markets move in waves, so each time there is a wave up, the move that follows is a retrace.

Previous chart:

Namaste.