RLinda ! MATICUSDT-> will the decline continue?

12 ott 2022

MATICUSDT in the global perspective is set to fall, after a slight rise to the 1.0547 mark, the chart shows the settings that portend a further decline in price.

On the global chart, after a correction from the 0.300 zone, an upward correction to 1.0500 is formed, after which the price forms a downward range with the goal of continuing to fall

On the local chart a "descending wedge" pattern is forming, but as we see, the price is not yet ready to break through resistance, after updating the local lows, the price is going to continue to fall

I assume that after the pullback to the resistance area, the fall will continue, and the price may reach the support area of 0.6900.

Regards R.Linda!