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ZenTradesRW
Dec 29, 2021 4:09 AM

Moon Time Long

Polygon / United States DollarCoinbase

Description

MATIC forming a series of HHs and HLs. Despite the recent pullback, MATIC just retesting the breakout here and looks primed to squeeze into price discovery in coming days (if Bitcoin can hold here). Hidden bullish daily RSI divergence as price made slight higher low and RSI made a lower low.

2021 has been a huge year for MATIC as its been one of the top 5 best performing coins. The past few weeks, MATIC has shown huge relative strength and wouldn't be surprised to see this end the year w/ fireworks 💥
Comments
SabahEquityResearch
Nice chart
ZenTradesRW
@CountLikeWallStreet, Much appreciated 🙏
MajinJoe
How low do you think it will dip?
ZenTradesRW
@MajinJoe, Bulls defending $2.50 really well. Depends on how far BTC pulls back, but if it stabilizes at the 200 day, the dip is over
hxmzaaaa
@RTrader20, the 200 day? What's that
ZenTradesRW
@hxmzaaaa, The 200 daily moving average. Plot it and you'll see the Bitcoin price straddling it the past couple weeks
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