As many have noticed Matic has gone through a several month long cooling off period after reaching ATH (all-time highs) at 2.70 earlier in the year. After much consolidation and investor accumulation, it looks like it's time for a mark up and we're already seeing the initial moves begin. I'm not a fibonacci guy so I have no targets, but just wanted to let everyone know that I'm long for MATIC!
Comment:
Matic bounced off the next support area of 1.45 and is currently consolidating under an even bigger bull flag. Time will tell if it holds this support level before finally marking up.
Comment:
Bull flag still forming but now on a much longer timeline. This will actually be good news as the continued consolidation should give us more gas for the markup.
