🔥 MATIC Bullish Triangle After Capitulation

May 17, 2022

Last week we experienced a massive capitulation of both BTC and alts. Generally, after such a capitulation the market will rebound and trade sideways.
In my view, this is what we're going to see this week.

As for MATIC, we're currently seeing a bullish triangle emerge on the chart. If we see further bullish price action today, it's likely we're going to break it on the bullish side.

For the near term, $0.80 is my target. If the bullish market keeps strong for the next couple of days, $0.95 should be a realistic target in the longer-term.

May 18, 2022

Note

Price didn't break out on the top side, trade invalidated