MATIC.D has been consolidating within this triangle.
Watch for MATIC price action based on the dominance exit.
I am expecting this to be a bullish exit and very soon cause MATIC to pump in price.
Good Luck
Hey Traders!
As you can see on the Weekly Candles of MATIC.D (Matic Dominance), there is a classic Cup and Handle Pattern. Current Dominance is at 0.68%, a potential breakout target is 2.24%! If we see a Market Bounce we can possibly see Matic 3 or 4 fold from here in terms of price. The dates you need to watch for a Breakout is late February to early March. If...
As we approach the next fib for MATIC dominance. we will see profit taking. If you are long, HODL. It might come right underneath that line so be ready.