Matic has been confirmed to have a downtrend for the following reasons and has not shown any sign of a change in trend at the moment.
1- RSI negative divergence: As can be seen in the chart on the right side, the MATIC has a negative divergence, which is a sign of a downward trend.
2- Bearish crossovers of Brick indicator and brick zone indicator.
3- Bearish crossover of MA 20 and MA 40 indicators on Renko chart
All of these indicate a confirmed downtrend
Matic is now faced with the resistance of Ma20. I expect the downtrend to continue in the future
1- RSI negative divergence: As can be seen in the chart on the right side, the MATIC has a negative divergence, which is a sign of a downward trend.
2- Bearish crossovers of Brick indicator and brick zone indicator.
3- Bearish crossover of MA 20 and MA 40 indicators on Renko chart
All of these indicate a confirmed downtrend
Matic is now faced with the resistance of Ma20. I expect the downtrend to continue in the future
For more of my on-chain analyses, visit my CryptoQuant profile:
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
For more of my on-chain analyses, visit my CryptoQuant profile:
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.