$MATIC Rising Wedge to Return to Major Support at $0.80 or less

MATIC Rising Wedge to Return to Major Support at $0.80 or less
Matic is reversing to test prior support at $0.58-$0.80. See the rising wedge pattern in a bearish reversal pattern.

Is a Rising Wedge Bullish or Bearish?
A rising wedge is generally a bearish signal as it indicates a possible reversal during an uptrend. Rising wedge patterns indicate the likelihood of falling prices after a breakout through the lower trend line.

DYOR.