MATIC - Bearish [ ]
-Timeframe: 4h-
MATIC is looking extremely bearish here, with head and shoulders being formed and support about to break very soon!
With the CEO stepping down and leaving the project, i can easily see it going down towards
$0.438, $0.42 - $0.32 Potentially wick down to
$0.26 We have also H&S being formed on the RSI and i believe in the upcoming week, we'll see the breakdown and start of the bleed and bearish movement.
Short term invalidation is right above right shoulder.
