MATIC/USDT Wave C of Corrective Wave Formation
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We are in the final phase of MATIC's corrective wave formation (or at least I hope).
The next few days will see a descending wave formation. RSI was heading downwards on the day charts but turned upwards slightly the last couple of days to accommodate Wave B of the corrective wave formation
I foresee this turning down again today/tomorrow to accommodate the downtrend.
Review the trend for longer-term investment when RSI reaches 0 on the 1D chart.
There may be good chances for downtrend trading over the next few days.
The next few days will see a descending wave formation. RSI was heading downwards on the day charts but turned upwards slightly the last couple of days to accommodate Wave B of the corrective wave formation
I foresee this turning down again today/tomorrow to accommodate the downtrend.
Review the trend for longer-term investment when RSI reaches 0 on the 1D chart.
There may be good chances for downtrend trading over the next few days.
Nota
I don't think it can get any more accurate than this. :)
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