quantmaven

Polygon: Completed a giant regular flat structure

COINBASE:MATICUSD   MATIC/USD
Polygon seems to have completed a giant flat structure in 3-3-5 waves as shown on the chart and is ready to go higher if it successfully breaks the downward channel in blue. The next couple days are critical. Usually flat structures appear on wave 2 so I labeled that Polygon completed a cycle wave 2. Seems like Polygon ecosystem can thrive despite Optimism and ETH 2.0 so it might still have a bright future ahead. However this scenario would get invalidated if price fails to go above the dynamic resistance.

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