Short
MATIC short-term downtrend
#MATIC/USDT
MMATIC broke down from ascending support and stayed below resistance zone.
🐻 so price can drop to support zone between 0.5 and 0.618 fib levels of swing high.
and it can continue its downtrend to 0.786 fib level where meet the descending trend line.
🐮🐻 be careful about the top price, where ascending and descending trend lines meet and price can touch it again.
MMATIC broke down from ascending support and stayed below resistance zone.
🐻 so price can drop to support zone between 0.5 and 0.618 fib levels of swing high.
and it can continue its downtrend to 0.786 fib level where meet the descending trend line.
🐮🐻 be careful about the top price, where ascending and descending trend lines meet and price can touch it again.
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