Similar to SKL - MATIC is setting up to break another resistant before we rocket up.
Compared to SKL, MATIC is about 24h behind.
Buckle up and enjoy the ride.
*DISCLAIMER: I am not a financial advisor and this is not financial advice or a recommendation to buy or sell as these are purely my opinions and speculations. I may also own or trade (long or short) any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any...
MATIC has been in a downward 🐻 channel for 2 weeks since the huge spike 🚀. It may have found the bottom over 24 hours ago (3/25) with RSI making a bullish divergence (red line) along with price bouncing off the 200 EMA (orange) and support line of this downward channel.
RSI also seems to be breaking out of the downward trend line (green line).
In the mean time,...
Looks like time to jump back in... Small targets here, not out of the woods yet... I'm long to .38 resistance area with tight stop below current levels. No pain no gain.
Ok there's a lot of pain in this one.
Many who chased the news of the MATIC network joining CoinBase are hurting.
Tho no capitulation per se it looks like this 50% plus retrace could be it.
A cool site i found.
www.screencast.com
which pennant are we in?
multiple pennant ideas on matic... of course the pennants can change with similar results if matic drops a bit more. this is at this very moment with where pricing is at. personally i am long on matic.
Which pennant are we in? The large blue one with huge upside or the white pennant with a $0.21 possibility? looking back at past history, which scenarios is likely and honest with crypto price action? If we fall into the 20's, it could be rocky for Matic, keep your stop loss tight. Keep in mind the BTC dominance is falling.
Polygon (Previously known as Matic) Update 25/03/2021) poised for another test of New ATH @ $0.67 (93% Gain)
Polygon (Matic) poised for another test of New ATH @ $0.67 (93% Gain). From Buy Zone 1 Matic has retraced 18% and is now sitting in our Buy Zone to DCA and accumulate. If we continue to retrace to the 23.60% Fibonacci level, expect an explosive move back...
Polygon (Previously known as Matic) Update 23/03/2021) poised for another test of New ATH @ $0.67 (93% Gain)
Polygon (Matic) poised for another test of New ATH @ $0.67 (93% Gain). From Buy Zone 1 Matic has retraced 18% and is now sitting in our Buy Zone to DCA and accumulate. If we continue to retrace to the 23.60% Fibonacci level, expect an explosive move back...
