Matic not looking bullish, but might be divergence
After a minuscule Bitcoin correction, ALTS overreacted again, as it may look perhaps.. 15-30% corrections might seem big, but we also had bullish activity preceding of 10-30x. Everything in it's context, it looks scary of-course, but as long we won't get below a 50 or 61.8% correction we are still bullish, and we are just around the 38.2% FIB level. Above we are still playing with the 21% EMA and the 50 EMA in green hasn't even been touched: on the contrary I changed the EMA level to 42%, where it got rejected during this correction. This also seems to be exactly half of the most important 21% EMA .. !
I do think we could see a magnification in the chart and fractals. Pink rectangular indicates a magnification from the smaller one. It is of-course never a certainty, but in my opinion I cannnot believe Matic/Polygon to stop here at not yet a 2B usd level, while Polygon should be the future of Layer 2 and Ethereum bridge, I repeat..
Above bitcoin was rejected from the side of a large ascending parallel and if we remain in it, we could have a big chance to get above the 60K level for good.
It is not easy to be opportunistic at this moment, but we have made it so far already and bitcoin dominance is decreasing. Of-course the total value must stay intact and steadily increasing.
I can foresee in the near future a Polygon with a market share of 5B usd or a round 1 usd value / token.
There are plenty of projects in the top 20 which are far from important.
I hope the majority gets to understand after Theta, that Matic is actually even more important.
I do think we could see a magnification in the chart and fractals. Pink rectangular indicates a magnification from the smaller one. It is of-course never a certainty, but in my opinion I cannnot believe Matic/Polygon to stop here at not yet a 2B usd level, while Polygon should be the future of Layer 2 and Ethereum bridge, I repeat..
Above bitcoin was rejected from the side of a large ascending parallel and if we remain in it, we could have a big chance to get above the 60K level for good.
It is not easy to be opportunistic at this moment, but we have made it so far already and bitcoin dominance is decreasing. Of-course the total value must stay intact and steadily increasing.
I can foresee in the near future a Polygon with a market share of 5B usd or a round 1 usd value / token.
There are plenty of projects in the top 20 which are far from important.
I hope the majority gets to understand after Theta, that Matic is actually even more important.
Comment:
target almost reached