Three Most Likely Scenarios

MATIC is inside a channel as it is correcting but there is also a symmetrical triangle playing out here as well. I see three likely options as I show with the arrows below. We may stay in the channel all the way down to the $1.30 range or we may hit the bottom of the triangle and start moving up again. Watch for the breakout of the channel its currently in before opening a trade. Remember that if we break out of the channel we are currently in we will still be inside the triangle.