$MATIC - RC -
Added 2023-05-09 12:28:48 +0000 UTC$MATIC is not showing the same set up as $BTC, $ETH or $ADA, there was positive moves higher but the structure is not an impulse wave. It broke down from the channel and into our bear case, it also got firmly rejected by the 200 Day MA a number of times and then dropped, so the blue line is the likely spot next to reach. Between the blue line and my first target is a vital area to hold support....failure to hold this area and the second target is possible.
