$MATIC 's chart looks bearish in mid term

Short

MATIC Network / TetherUS (BINANCE:MATICUSDT)

BINANCE:MATICUSDT MATIC Network / TetherUS

trendanalysis chartpattern indicator matic polygon polygonusdt polygonmatic maticusdt l2 eth ethereum layer2

#MATIC #POLYGON 's long term bearish channel continues.Tried a fake out 1 month ago but the price 1.30 #usdt declined at top of the channel.With this weakening, retraces to mid of the channel is necessary, this means at least 1/2 of the price.If news emerge and break 1 #usd again, that is the invalidation of this scenario. Not financial advice.

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