Going Short on MATIC

MATICUSDT

Matic place an important top on July 31, by making a huge Shooting Star Reversal Pattern that day. It is making another smaller one today.

In Elliott Wave Terms, the up move seems corrective.

MACD Indicator has given a sell signal, something that didn’t happened before for about 39 days, with the blue line crossing below the orange line.

Entry: Now about $0.90 USDT.
Stop: $1.034 USDT.
Target: $0.65 - $0.60 USDT.

It should take several days to reach target.

Not a recommendation.

Good Luck to You.

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