MATIC looks bearish

Hello, everyone!

Let's take a look at the MATICUSDT chart. After the huge downside impulse price is printing the clear upward sloping trend channel. We can also notice that it formed the deviation below this channel. It was the fake breakdown to stimulate traders open short trades.

In such cases price usually tends to create the same deviation to the upside. It could perfectly coincides with the supply zone above. Therefore I expect the MATIC price a little bit higher at $1.8 and crash after that.

Best regards, Ivan

________________________________________________________________________________________________
If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!