Polygon's macro formation is almost identical to the last cycle. The breakout at that time was shortly after bitcoin broke the ATH for good and its dominance began to fall. The current situation is very similar, with bitcoin dominance resistance possibly being reached within a few weeks. If history rhymes, polygon could take off to reach $10.
Confluence of Bullish Harmonic pattern and Elliot wave correction completion. We're done with the correction. Expect an explosive move up which would trigger an uptrend. Use good money management and take your profits off the table as Whales will manipulate.
I think that MATIC is waiting to make a bullish divergence on the rsi making a lower low on the price and higher low on the rsi. If that is the case then i think it might hit the targets on the short term but need further price action to validate. This is just an opinion all the best
Much speculation has circulated in the crypto press recently about Polygon’s prospects for a one-dollar valuation of its token MATIC. Can it perhaps even reclaim its all-time high of $3.00?
While the first question has been answered by the market already—the renewed bullishness of
Bitcoin and cryptocurrencies in general, has sparked a new rally—the second answer...
Matic may have been completed the 4h wave a Triangle pattern.
We need the price to stay above 0.4926 and clear 0.9499 to turn the price up for the wave 5
With the fall that just occurred, Groupings A and B of cryptos are going to want to rebound and rise. They’ve already made the reversal. But even long term. They purchased CDA to assist with the purpose they exist and if that isn’t enough to convince. They’ll be changing their name from matic/polygon to just Pol. 5am-7:45amEST WILL be the last chance fire for...
MATIC Polygon whatever, all I know is I’m reading a lot more projects comings out on polygon on moving to polygon. Just seen a post about POL just being ranked as a top 4 “pulse security most high-rankings” very active on Twitter, social media. This is another one I will be watching again. Just need it to hold up .8327 in the next couple of days.
Matic Dragon
We are below a zone of inflection so it is possible that we drop lower, the best case scenario would be to pump above the zone and backtest it as support. If we lose the current low we could head far lower, so it looks like a great opportunity.
Looks like a great entry get into Polygon before they release the Agglayer.
Polygon Agglayer can connect any chains, enabling unified liquidity and seamless transactions through zero-knowledge proofs.
So bullish on the Polygon team and the on-chain statistics with so many active users and so many new chains adding Polygon CDK.
There is great possibility of...
Trading this uptrend in MATIC. Polygon is the best blockchain in Web3 gaming and supports many other DAPPS. Disclosure... our project CroozeNFT. io web3 game is built on the Polygon Blockchain.
Over the last seven days, MATIC has plunged into our green Target Zone (between $0.921 and $0.790). We, therefore, locate the price on the last stretch of the green wave 2. Traders could use the price range of our Zone to establish long positions. Any stops for hedging purposes could be placed around 1% below the lower edge. Once the low has been established, we...
📉Hi Traders, Investors and Speculators of Charts📈
MATIC has been very profitable to us so far; watch my previous update HERE:
If you've been following, you'll know I'm fundamentally bullish on MATIC. And it gets better than fundamentals - you could possible see a low entry point soon!
Polygon is unique in that it's a blockchain platform designed to work with...
I am expecting to see the most recent bearishness in the market see a turn around. I use BTC as the guide. I like the support shown throughout the low 60s over the last night. The volume of for MATIC in the .95-1.00 range make is giving me evidence that if the 21 EMA starts to turn around that continued bullishness would support a 1.30-1.50 range for the next week.
After completed a triangle pattern wave 4, above 0.6909 we are looking to the upside to complete a 5 waves structure, wave 5.
Possible target 4.80 USD.
On this count we used log scale!
Polygon is looking like a real winner! If the daily price candle breaks out past the previous day's high, it could soar all the way up to $2.93! And the best part? It's currently at a support zone, which means it's a great opportunity to buy in. With the recent surge in Ethereum, Polygon is bound to follow suit and make some serious gains in the next month or so....
