Top Trader Warns of Possible Crypto Pullback, Says Polygon (MATIC) and Cosmos (ATOM) Have Clean Bearish Setups

Top Trader Warns of Possible Crypto Pullback, Says Polygon (MATIC) and Cosmos (ATOM) Have Clean Bearish Setups


An analyst who continues to build his following with timely altcoin calls is predicting a correction across the crypto markets while eyeing Polygon (MATIC) and Cosmos (ATOM).

Pseudonymous analyst Cheds tells his 276,700 Twitter followers that crypto markets is flashing multiple bearish signals after witnessing a relatively strong week.

“Today, the crypto market put out many outside bars, high wave candles and dark cloud covers etc. You’d be asleep at the wheel not to look for short setups in case we pause and follow through on that.” 

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Outside bars, high wave candles and dark cloud covers are all candlestick patterns indicating either indecisiveness among market participants or a possible shift in momentum after a rally.

One altcoin on the trader’s radar is blockchain scaling solution

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