Matic potential downside

12 ม.ค.

I understand with the BTC ETF hype and narrative pushing towards alts we could see more upside but based on technical analysis we are at some key areas.
- Potential triple top formation in the range.
- Potential head & shoulder formation
- A key descending resistance line that dates back to late 2021 and early 2023 - We have seen another rejection off the area around late December 2023 again.

Don't get me wrong I am still very bullish in this space but a healthy correction is not something we shouldn't sleep on