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dubai_kingpin
Oct 23, 2022 4:01 PM

Polygon MATIC - Bullish flag ! A huge breakout is imminent  Long

MATIC Network / TetherUSBinance

Description

Matic is preparing for a huge uptrend if the bulls break the bullish flag . It's a pretty good opportunity, so you don't want to miss it!
The bullish flag on the daily chart is supported by an ABC correction ( ZigZag ), so it makes the bullish flag much stronger.
Also, we have started this uptrend with a strong impulse wave, which indicates massive buying pressure from the bulls.
The next resistance is at the top of the massive parallel channel on the weekly chart. You can zoom out this chart to see this channel in all its full beauty.
I strongly recommend waiting for a breakout above the flag, because, of course, the bears can step in at the resistance of the downward trendline.
Polygon effectively transforms Ethereum into a full-fledged multi-chain system ( aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot , Cosmos, Avalanche etc. with the advantages of Ethereum’s security, vibrant ecosystem and openness.
This is a pretty strong setup for the bulls. Let me know in the comment section what you think about MATIC.
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
For more analysis, hit "Like" and "Follow"!

Trade active

Break out & Retest in progress ! as per plan

Comment

Printed 20% without leverage !!!
TP 1 0:99 ✅
TP 2 1.16 ✅
TP 3 1.40
TP 4 ....

Comment

50% profit ! dont leave profit on table guys !
manage your risk and profit
Comments
dubai_kingpin
I hope we al enjoyed the small Rally and got some profit . Now BTC on discount so start the accumulation 👍
salore20
lol no way
dubai_kingpin
@salore20, you sure ?
SwallowPremium
Nice potential trade, keep posting!!
WotanPruz
Nice chart, fully agree with your analysis
dubai_kingpin
@abartschat, thx
UnknownUnicorn31071404
Couldn’t agree more. Bullish on Polygon! Future top 5!
dubai_kingpin
@m10893, 100%
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