this is a one week look at matic or polygon. the green boxes are buy the dip boxes with the white or grey boxes support and blue resistance or points of interest and or lack of trading volume n action at that level.
hope this helps
In addition to the giant triangle pattern formed on the weekly chart, MATIC has also formed a nice upward channel since mid-July. If this breakout plays out, the next MAJOR target would be $4+ in the next month or two. It can go higher, but for now, let's focus on reaching the 1.618 fib level.
This is not financial advice. These are just my ideas and opinions.
MATIC has found support in the $1.54 range.
Assuming BTC is near the end of dumping, we could see a steady climb to challenge the RED trendline.
Good Luck
This is my prediction of MATIC….Chart looks extremely bullish to me. I also see increased volume following that upwards trend into a nice wedge “triangle”. Let me know what you guys think… I posted yesterday and nothing but upwards from where I posted.
A rising wedge can be established against the 1/1 Gann line
I have come to the conclusion that this rising wedge will act bullishly
Due to the presence of consistent higher lows, and a trendline that can be drawn against Fib circles, leaving price sitting right above the trendline, ready to go
Matic is a good pick for the portfolio
Honestly I missed the recent breakout to the upside. Yet still in a value zone. I entered with just 1/2 position now since it is not at a strategic entry level. If you are already holding, then look for profit taking around $3. Buying on any weakness going forward is a good thing to do. Good luck.
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TLDR: Matic breaks out on December 29th after completing a full Fibonacci retracement and Wyckoff accumulation sequence.
Most of us have been frustrated by Matic not going to the moon yet. Why hasn't it broken out yet, we ask. This model could explain why. I have been drawing the Fibonacci retracements/extensions for the last few weeks and I think I landed on...
Polygon (Matic) Update 03/11/21: The last breakout from this tweezer chart formation gave us 77% gains, if this trend continues we can expect to see Polygon (Matic) above $3.69 and heading towards our target at the 161.80% fibs @ $4.22 (104% away from the current price).
Our current price Targets for Polygon from the current price:
127.20% Fibs at $3.47 (68%...
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