The Matic Network (MATICUSD) has been on an impressive run as of late. On this chart we see the relative strength of Polygon against Bitcoin (BTCUSD) on the MATICBTC pair. As you see the price is about to test the December 2021 High, which along with the May 2021 High form the long-term Resistance Zone.
It is obvious that this draws comparisons to the pair's previous Cycle. A first test of the Resistance level at the time, failed but a second one only a week later, established the Resistance as a Support and started a parabolic rally. The Gaussian Channel seems to indicate that we are about to see this break-out.
Do you think this can be enough to trigger and if already, confirm, the start of a new Alt Season?
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It is obvious that this draws comparisons to the pair's previous Cycle. A first test of the Resistance level at the time, failed but a second one only a week later, established the Resistance as a Support and started a parabolic rally. The Gaussian Channel seems to indicate that we are about to see this break-out.
Do you think this can be enough to trigger and if already, confirm, the start of a new Alt Season?
-------------------------------------------------------------------------------
** Please LIKE ๐, SUBSCRIBE โ , SHARE ๐ and COMMENT โ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. **
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You may also TELL ME ๐โโ๏ธ๐โโ๏ธ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! ๐๐
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๐ฐFree Channel t.me/tradingshotglobal
๐คตContact info@tradingshot.com t.me/tradingshot
๐ฅNew service: next X100 crypto GEMS!