Long
Is MATIC (in 2021-22) following ETH's path (2017-2018) ?
It's fascinating to see how MATIC's weekly chart has remarkable similarities to ETH's 2017-18 run.
If it continues following the same pattern, what comes next should be a 'blow off top' run to the peak of the cycle.
Taking some cues from ETH, it looks like Matic broke out the consolidation range, retested it and is bouncing off nicely.
As long as BTC doesn't nuke and the breakout and retest of prior resistance holds, Matic bulls look like they're back in the driving seat.
If you like the analysis, please give us a like, share, comment and follow so that we keep more good content with the crypto community.
Cheerz and happy trading! :-)
If it continues following the same pattern, what comes next should be a 'blow off top' run to the peak of the cycle.
Taking some cues from ETH, it looks like Matic broke out the consolidation range, retested it and is bouncing off nicely.
As long as BTC doesn't nuke and the breakout and retest of prior resistance holds, Matic bulls look like they're back in the driving seat.
If you like the analysis, please give us a like, share, comment and follow so that we keep more good content with the crypto community.
Cheerz and happy trading! :-)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.