*NOT FINANCIAL ADVICE: DYOR - This idea is IMO for personal use only*
============================================================
Updated chart with some Fibonacci confluence zones one the hourly.
Meanwhile, we broke out nicely from that parallel channel on my last chart.
Am still very bullish on MATIC, and remains a buy & HOLD strategy for me. Will continue to load up on any dip, while we are still in the strong buy zone..
At the time of writing this, MATIC is up 1 spot to #14 on CoinmarketCap.
As mentioned in my last chart, while other Cryptocurrencies were dragged down with BTC's dip we had last week, we saw MATIC (Polygon) growth outperforming other coins/tokens in recovery.
Why?
🔹 Yield Farmers are migrating to Matic (Polygon) for low fees & faster transactions.
🔹 Ethereum-native protocols such as Aave, SushiSwap, and Curve led the way for Ethereum users to migrate to the Matic network (as we know, Eth gas fees are mind-blowing).
🔹 An increasing number of users on Polygon, with the Layer 1 scaling solution recently surpassing Ethereum in the number of daily transactions.
🔹 Polygon is an Ethereum scaling solution and is a competitor to Binance Smart Chain.
As always, watch for volume. Do your own research. This is not Financial Advice. Always be watching BTC.
Good chat.🤖
My last MATIC chart on 25th May:
My last MATIC chart on 15th April:
============================================================
Updated chart with some Fibonacci confluence zones one the hourly.
Meanwhile, we broke out nicely from that parallel channel on my last chart.
Am still very bullish on MATIC, and remains a buy & HOLD strategy for me. Will continue to load up on any dip, while we are still in the strong buy zone..
At the time of writing this, MATIC is up 1 spot to #14 on CoinmarketCap.
As mentioned in my last chart, while other Cryptocurrencies were dragged down with BTC's dip we had last week, we saw MATIC (Polygon) growth outperforming other coins/tokens in recovery.
Why?
🔹 Yield Farmers are migrating to Matic (Polygon) for low fees & faster transactions.
🔹 Ethereum-native protocols such as Aave, SushiSwap, and Curve led the way for Ethereum users to migrate to the Matic network (as we know, Eth gas fees are mind-blowing).
🔹 An increasing number of users on Polygon, with the Layer 1 scaling solution recently surpassing Ethereum in the number of daily transactions.
🔹 Polygon is an Ethereum scaling solution and is a competitor to Binance Smart Chain.
As always, watch for volume. Do your own research. This is not Financial Advice. Always be watching BTC.
Good chat.🤖
My last MATIC chart on 25th May:
My last MATIC chart on 15th April:
