If ppl really understood great chains from bad ones (like ADA)... this would be pumping...instead... ppl like sweet names and forget the underlying technology; the underlying tech always wins. Just need to be patient....
Expecting short term relieve.
First target is 1,2 extension of current range. This is at the red trendline.
If this trendline is breached, a retest of the trendline is likely followed by a next downward move.
This makes part of a bigger corrective move in terms of EW.
Target of 41cents. Starting point of current upward move.
Key reaction zone: red trendline
MATIC is still trading inside the triangle making LL. My feeling is it might break towards the downside, if it does so - I have buy limit orders sitting at 23.6 fib level.
I am very bullish on polygon as a project and would be loading up for long-term hodl pf.
Polygon (Matic) To Retest ATH , $4.22 Price Target @ 161.80% Fibs. Matic is looking extremely healthy currently trading just below the key support level at the 38.20% fibs. We are looking extremely healthy for a continuation trend back to the ATH at $2.87. Our target after a retest of the ATH is at the 161.80% Fibs at $4.22 (157% Gain from the current price...
MATIC has broken out of a cup and handle pattern and is currently retesting support. Upon successful retest, a reasonable price target would be $1.98, but it could go up to $2.80. Keep in mind that this could take days or weeks to play out.
This is a layer 2 solution for dApps built on Ethereum which allows traders to access, swap, exchange and stake ETH and ERC-20 tokens without the associated congestion and fees that plague the original smart contract platform. chart shows a lot of strength. We have been in a new accumulation zone since May and now it seems the price is now ready to go for new all...
taking a look at MATIC today. looks like MATIC has a motive wave up followed by an "abc" correction followed by another motive wave. At the moment i looks like MATIC is working on a "1-2". If price comes down on low volume to the .618 retrace, we have a potential set up for a move up. The .618 retrace is also located at the 50 MA on the 4 hour chart. If price...
MATIC bouncing hard off support and showing big relative strength today, hanging out near the high of the day, while the rest of the altcoins (incl. Ethereum) are near their lows of the day. Two large developments acting as catalysts:
September 14 - Announced partnership with EY's blockchain services division
September 17 - Announced that it will be listed on...
MATIC looks bullish to break ATH.
The convergence of the below two ideas to take us to ath:
1) expanding wedge
2) head and shoulders
When two ideas converge, there is a little more confidence in the TA. Anyways DYOR . BTC can be volatile and bull doze all gains.
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Short, brief and to the point.
The chart speaks for itself, as represented by indicators with validaty of fibs and contexualised with fundamentals.
Target - Re-assess trend sustainability at 1.67-1.68 region
Also eyeing MATIC's bullish price action for another long opportunity.
We can see from my previous outlook, price indeed reverse from the falling wedge structure, and bullish impulse up.
Price is hovering around the previous highs, but in a consolidation, which is a good indication for another move after the correction completes.
As always be...
Polygon (Matic) has found strong support @ $1. Since the May crash Matic has been on a slow downward trend from the top @ $2.85 and bottomed out @ $0.64. Currently Matic is trading @ $1.47 and if Matic can flip this key resistance above the 38.20% fibonacci level into support above $1.77, Matic looks poised for a big move (95% back to ATH ) from this support zone....