POLONIEX:MATICUSD   Polygon / US Dollar (calculated by TradingView)
possible targets for polygon

in the 2016 bull run ethereum sailed from .50 to $1500 which was a mere 3000 X
not 100X
not 1000X
3000X !

the current polygon network transactions have now exceeded ethereum and binance

how will the market price polygon moving forward?

who can say?

not financial advice
Comment: sure is hugging that single digit fib channel

when she pops it will go high

obviously the channel did not hold

a return to the channel bottom line is likely at this point

Comments

Thanks for the analysis. Remind me to look back at this post in fall-winter 2021 when Matic is resting comfortably on the moon. :)
+2 Reply
so now its broken downwards? can we expect down trend to .40 $?
+1 Reply
@rav169, hard to say. possibly the .786 could act as channel support until such time bitcoin recovers. but there is always the .618 and the .5 as back ups. we will never know until it happens.
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If you're right, we'll rebound at about $1.10
+1 Reply
damn bro ๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚
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HI! One update is pending...don't you think? Thanks! ๐Ÿ˜„
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very possible to go down
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