MATIC/BTC TA Update (Another 30% drop?)

١٥ مارس ٢٠٢٠

MATIC/BTC

MATIC closed below 200D MA this signals a bearish action is likely to happen in the coming days or weeks.
Important key support is also broken, now the downside target is between 150-120 sats regions before we might see a strong rally up.
By the time MATIC reaches the next key support, the RSI is mostly in the oversold conditions.
This is a good chance for the whales to accumulate again before a large pump.