Updates on previous chart after further studies. Repeated consolidation period of 10 days on 16th March and 20th September and again consolidating since 4th December, so might end on 14th December. Consolidating falls on the same area between 50% and 62% of Fibonacci retracement. Double bottom on September and December so price on my prediction will rise...
POLYUSD is in favour of the bulls at this point
After a period of consolidation and a minor downtrend, price has reached a point where it is time to move up again
This downtrend period can be displayed as a triangle pattern
Three lines can be drawn along trends in the downtrend, the third showing where price has placed itself right above
It is also sitting right...
triangle pattern evident. Good demand zone of accumulation. Holding key supports and poking and persisting resistance levels,
Probability is a breakout from this triangle. within 6 weeks is probable and plausible may retest lower supports before blast off.
Polygon is one of the altcoins, which has been on traders’ radar. The altcoin at press time is trading at $1.57 with gains of 1.1% for the last 24-hours. The market cap of the coin is $10,581,777,683. While the 24-hour trading volume hovers around $789,086,578.The MATIC price falls short of its ATH of $2.62.