This is a quick update.
MATIC is one of the strong projects alive in cryptoverse with extremely low fees.
My view on MATIC is like on this chart.
Let's see what will happen next.
May the force be with you.
MATIC longterm consolidation might be coming to and end with ready to breakout of the wedge.
IF there is a breakdown for any reason the look for supports at $1.5 and $1.35 to buy the dip
Breakout to the upside will push it higher
Breakout Target $2.00
matic recently came down in 5 wave, and has seen a mean retracement into the local inversed golden zone.
not sure yet weather it was a wave A or a wave 1, but i'm swinging this in the same style as the last few setups i shared today.
100% extension target = $1.25
Watch this spring!!! 🏹 Range contraction leads to range expansion and this coin is winding up for a big move!
With Polygon's daily users surpassing Ethereum, we are seeing real adoption... and it's not slowing down. You only need to look at their Medium page to see the plethora of partnerships rolling in.
With BTC's break to all time highs, this projects...
Daily chart looking like it may bounce for a long inverse H&S to play out. Bought in @ 5% of my funds and waiting for a bullish engulfing candle before adding to my position. Stoch RSI is over sold territory. Also monitoring BTC on the daily for confirmation.
Looking for a short term trade here but considering a squeeze play soon as well.
The recent retracement on BTC has seen a few alt coins drop back to trend at good buy points to continue the trend.
Taking a position on Matic now as it offers a descent risk to reward even to previous resistance, and trending a break in trend as invalidation to get out of the...
MATIC looks to be flipping this level to support - now looking for a push up to the liquidity marked ('x') into the supply zone. For a trade based on the 1hr, I see this as a wedge breakout, therefore invalidation would be the low.
Matic could be due for a 60% dump real soon as it's been testing the neckline of a descending triangle as resistance for days now and has begun to show weaknesses on the MACD and RSI in the form of Hidden Bearish Divergence.