Looking at the tea leaves, it appears the price action is repeating the same pattern it did prior to the previous bull run. If we repeat the next bull run with the same growth, MATIC is poised to hit $100. Could history repeat itself? We'll see!
Wassup guys! Polygon broke up this triangle📐 and I think there is chance for run to 1.1340 and even higher, but we could see some correction first. I traded the initial breakout but one can set BUY LIMIT order to previous range high to catch🎣 the potential pullback. As always ... don't chase the market, let the market come to you.
ENTRY : local high @ 1.0185
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MATICBTC broke out to the upside of its 18 month channel and is confirming support above it. If we get a strong move to the upside, we may have a repeat of 2021. I'm long here.
Looking at the 4 hr timeframe for MATIC, we can see a nice cup and handle forming. Price is in the upper haf of the bollinger bands with RSI hovering the 50% mark.
I am looking for the price to find support on the middle of the bollinger band which coincides with the intraday resistance of Eur 1,70 (USD 1.95).
If so, I expect that price will move up to around...
MATIC POLYGON
Important jump for MATIC, yesterday.
I invested a part of stake cryto on this interesting coin, due to the scalability potential of the blockchain connected to it, which speeds up what Ethereum still cannot do.
Ascent accompanied by excellent volumes.
I entered 0.97 on September 30, 2021 and after a near re-test of the important volumetric...
Looking at the 4 hr chart for MATICEUR, we can observe divergence between price and RSI.
Based on recent support, I expect price to drop to around 1,05. If that support breaks, we could see a drop to 0,85 or even 0,55.
