JWagnerFXTrader

$MATIC has held up well and may be poised for more gains

Long
COINBASE:MATICUSD   Polygon
$MATIC has held up well over the summer of 2022 while the rest of crypto fell.

Here are 2 possible counts I'm considering that imply another rally. The first is a triangle pattern (black labels) and the second is a w-x-y combo (blue).

If its the triangle, this rally is wave (d), then a brief setback in wave (e) that leads to a powerful rally.

If its the combo, then the rally may have already started.

There is a bearish count (not shown) that is active so long as MATIC holds below the black horizontal line.

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