Symmetrical triangle on Matic/Polygon
On Matic has there been a symmetrical pattern formed which shows a 50/50 of the price breaking to the upside of the downside. This said does the price trend show that the price is more likely to break to the downside as the market trend is bearish.
Entry price: In the apex at 0.65.
Stop loss: At 0.67, which is inside the triangle so when the triangle breaks to the downside but after the break to the downside starts trending upwards and is stopped by the stop loss.
Target price: Is extrapolated from the triangle height/the upper trend line and this target price set at 0.349.
This is also 45% gain if the prediction is successful.
Entry price: In the apex at 0.65.
Stop loss: At 0.67, which is inside the triangle so when the triangle breaks to the downside but after the break to the downside starts trending upwards and is stopped by the stop loss.
Target price: Is extrapolated from the triangle height/the upper trend line and this target price set at 0.349.
This is also 45% gain if the prediction is successful.
Trade closed: target reached:
Successfully reached target
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