🔥 MATIC Rising Wedge: Time For Bearish Break?

٢٥ مارس ٢٠٢٣

MATIC has been trading inside this rising wedge for nearly a year now. Rising wedge are classically bearish, so the assumption is that we break out bearish in the future.

However, we can very well bounce from the current resistance. In case we get a decent reversal candle, I look at the top resistance as my initial target. In case we fall through the support and close below it, see blue lines as bearish targets.