Bearish mid-term, Bullish long-term

MATIC appears to be forming a clear Cup against BTC. It's also in a Rising Wedge pattern (bearish). We've recently seen bearish divergences on the daily and 4-hour charts. Buyers appear exhausted. I'm not interested in longing MATIC at these levels and I'm expecting a cooling off (Handle) before breaking out higher. I'll be looking for bullish divergence at least on the 4-hour before this is tempting for me.

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These are my personal views and not financial advice. Please do your own research before investing.

I'd love to hear your thoughts, ideas and feedback. Feel free to comment and I'll try and get back to you quickly.
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