Despite Bearish Market Polygon (MATIC) Still Testing Resistance Of Triangle As Support For Next Move

Hi dear friends, hope you are well and welcome to the new update on Polygon (MATIC).

A wedge and triangle:
On a weekly time frame Matic has broken out an ascending triangle and now it is testing the previous resistance of the triangle as support, moreover, it is also testing support of a huge rising wedge pattern. There is also a support of exponential moving average 21 below the priceline. Therefore, there is a very high probability for price action to start a bullish reversal move from here. This expected move can be at least upto the resistance of the wedge which is approximately at $3.30.

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