Falling wedge and bullish divergence on the daily
There is a falling wedge pattern formed on the daily with a bullish divergence on the RSI.
RSI is converging so we could see a nice breakout very soon.
The same wedge pattern is being played on the MATIC/ETH chart.
Depending on how the market performs as a whole in the coming weeks, we could see a resume of the bullish trend for matic or atleast a nice leg up to form a lower high, take caution since everything can be invalidated if the Ukraine/Russia crisis has a negative impact on the market this week.
RSI is converging so we could see a nice breakout very soon.
The same wedge pattern is being played on the MATIC/ETH chart.
Depending on how the market performs as a whole in the coming weeks, we could see a resume of the bullish trend for matic or atleast a nice leg up to form a lower high, take caution since everything can be invalidated if the Ukraine/Russia crisis has a negative impact on the market this week.