jazerbay

MATIC-USDT(Possible shooting star bull candles and Fundamentals)

Long
BINANCE:MATICUSDT   MATIC Network / TetherUS
๐ŸŒŸโญ๐ŸŒŸ

Depicted above ๐Ÿ’น, we have MATIC on a 4 hour chart, MA cross gap is pretty big at the moment which is a bullish sign๐Ÿฎ, we also see our possible shooting star candles ๐Ÿ˜โญ

Keep in mind it is possible we do a nice little correction โ†˜๐Ÿค๐Ÿป, before more blast-off.๐Ÿ˜„๐Ÿ˜…๐Ÿ๐Ÿš€



FUNDAMENTAL OVERVIEW : ๐Ÿง๐Ÿ’ญ๐Ÿ“โฌโฌ


Polygon(Matic) is a very successful 2-layer scalability engine, which has been around since 2017๐Ÿ’ฒ๐ŸŽ‰

Layer2๏ธโƒฃ scalability allows for gas prices๐Ÿ’ฒ๐Ÿš“on Marketplaces like OpenSea (one of the largest markets for NFTs๐Ÿ‰‘, Dapps๐Ÿ•น๐ŸŽฎ, etc., which runs on POLYGON network,) to be little๐Ÿค to none๐Ÿš“๐Ÿ˜„

Polygon is now even getting it's cut out of UNISWAP๐Ÿฆ„ V3 positions on OpenSea, where in the past 7 days UNISWAP V3 positions have moved up 2,060% to it's 25th place position of top NFTs sold on OpenSea.๐Ÿ‘‡

Wow that is ironic, MATIC and UNISWAP are competitors in a sense. Not to mention, SUSHISWAP๐Ÿฃ (successful reinvention of UNISWAP๐Ÿฆ„,) is now available on MATIC network (as of about 2 months ago ๐Ÿ•˜๐Ÿ“†๐Ÿ“Œ) ๐Ÿ˜Š


๐Ÿ˜€๐Ÿ‘‹๐Ÿ‘‹ Here is more good news ๐Ÿ˜„๐Ÿ˜๐Ÿ”ฝ๐Ÿ“ฐ๐Ÿ“ฐ:

The MATIC network just came out with QuickDuck๐Ÿฆ† ( a Network yield optimizer,) which uses a compounding farming strategy.. what does this mean ? ๐Ÿฅฑ๐Ÿค”โฉโฉโฉ Let's take a look ๐Ÿง๐Ÿ”โฌโฌ:

Users who invest on the POLYGON(MATIC) network, will soon be able to invest into the 100 and some QuickDuck๐Ÿฆ†farming pools๐ŸŸฆ that the Network plans to release. QuickDuck๐Ÿฆ† technology is coming out this Sunday๐Ÿ“Œ๐Ÿ“†. โฉโฉ (investors on the QuickSwap, SushiSwap๐Ÿฃ and Cometh exchanges will earn more money through compounding interest, etc...)

This is an upgrade no doubt for the POLYGON network๐Ÿ‘Œ๐Ÿ†—, which previous to QuickDuck๐Ÿ•˜๐Ÿฆ†, investors could only withhold profit rather than just reinvesting the profits earned (compounding.)๐Ÿ‘

This chart is just for funโญ and I believe MATIC will increase in price long-term๐Ÿ†™๐Ÿ†—. Networks like POLYGON are a good alternative to save on crazy GAS fees๐Ÿš“๐Ÿ’ฒ on overclocked networks like ETH.๐Ÿ‘Œ





โœ…๐Ÿ†’๐Ÿ’—๐Ÿ”๐Ÿ“ˆ
If you enjoy more technical approach rather than fundamentalโœŒ๐Ÿ’นโฌโฌ:

Take a look at MATIC chart WEEKLY on a logarithmic scale. It paints a pretty bullish picture ๐Ÿฎ๐ŸŒ„, if history is to repeat itself.

If we maintain bullish momentum, I will post an update with more (possible) accurate targets short-term! ๐Ÿ˜€

๐Ÿ›‘๐Ÿ›‘๐Ÿ›‘This is never financial advice๐Ÿ›‘๐Ÿ›‘๐Ÿ›‘ I always recommend looking at multiple charts when making a big investment, thank you!

Always have a stop loss โœ‹๐Ÿ›‘๐Ÿ’ฒ set

Any thoughts ๐Ÿ’ญ๐Ÿ’ก, questions ๐Ÿ™‹โ€โ™€๏ธ๐Ÿ™‹โ€โ™‚๏ธโ“, good ๐Ÿ‘, bad๐Ÿ‘Ž, happy ๐Ÿ˜„ or sad ๐Ÿ˜ฅ, in the comments always welcome.

Thank you so much!!!

Jazerbay ๐Ÿถ
Comment: Short-term possible price action let's see guys!!
Thank you so much.
Jazerbay โ˜ฏ
Comment:
Above we have what could be a potential flag / triangle

my targets are listed on this chart

Note we also have a potential inverse head and shoulders pattern visible here

Thank you โญ
Comment: Good day traders and investors ๐Ÿ‘‹๐ŸŒž

Thank you for understanding, this update is because we seem to be taking the red path! Unless we turn around quickly. this looks like a bear-ish update ๐Ÿ˜„๐Ÿป, let's take a look ๐Ÿ”

If price breaks above small white rectangle depicted here, I think we will see more bullish run. If we fail to do so, I see likely, the red path. Additionally, we have broken down from triangle, this looks like a sell. ๐Ÿ†—๐Ÿ˜„Thank you!!
Comment:
Thank you, lets see!