What if you could have bought MATIC in red box before a 9000% run?
Or indeed Sandbox before a 12000% run?
Or Even Solana before a 8000% move.
Would that be worth something to you?
Should this post receive 100+ likes before mid-week next I’ll share the big movers of 2022 below matching the conditions of those above. Tick tock..
Look at this chart, the MATICBTC (Polygon) chart is identical to the SOLUSDT (Solana) chart.
The only difference is that Polygon (MATICBTC) is more advanced.
We see it trading above EMA50 while SOLUSDT is still below it... See it here!
We know what follows for Solana (UP!).
The same for Polygon; Time to grow!
Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.
There is a falling wedge pattern formed on the daily with a bullish divergence on the RSI.
RSI is converging so we could see a nice breakout very soon.
The same wedge pattern is being played on the MATIC/ETH chart.
Depending on how the market performs as a whole in the coming weeks, we could see a resume of the bullish trend for matic or atleast a nice leg up to...
The breakdown from the Rising Wedge happened a little sooner than expected (see linked idea). From here I'm expecting a short-term bullish move off the 50 EMA and then a retouch of the SUPPORT-TURNED-RESISTANCE line. From there I'm expecting the "Handle" of the Cup & Handle pattern to develop. I'll be looking for a buy opportunity at the end of the handle. ...
MATIC appears to be forming a clear Cup against BTC. It's also in a Rising Wedge pattern (bearish). We've recently seen bearish divergences on the daily and 4-hour charts. Buyers appear exhausted. I'm not interested in longing MATIC at these levels and I'm expecting a cooling off (Handle) before breaking out higher. I'll be looking for bullish divergence at...
MATICBTC analysis on daily timeframe:
MaticBTC is situated into a rising wedge which means a breakdown from this channel will happen. Now is sitting exactly on the support line
RSI is going down which is a sign that bulls are exhausted and also you can see a big bearish divergence (Price vs RSI indicator)
MACD +611 which is very much and it s still laggish.
Matic has shown strong momentum gaining another 8% today breaking down her the resistance trend line we pointed out in yesterday’s video. Now the price has gone up a distance equal to the distance between the entry price and the stop loss price. The rule is, but when this happens, you raise your stop loss to the entry price. Now if the trade reverses and starts...