Hello traders, MATIC / USDT is in a secondary upward trend with a further slowdown.
It is stabilizing for the moment in a compression zone which looks like a pennant see symmetrical triangle, we can notice a recovery leg and today a strong refusal but the market is pushing hard.
MATIC / USDT is on a recent trendline if it breaks out then there will be a strong signal that the market is going down to test its last previous uptrendline.
The second signal will confirm a new momentum or a collapse in the price or even a lack of interest for the moment of this crypto market.
These are not investment advice but good session recommendations. Be careful the market can change at any time.
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