Look like Uptrend ! Channel patter formation on MATIC COIN on a daily timeframe ! Target should be around 3$ ! incase BTC sudden crash this chart not valid !
I'm not an financial analyst! I'm sharing this with public! It just learning purpose only! If u find anything wrong with this post ! U can tell me ⬇️ comments!
A simple long idea for Polygon (MATIC)
1/ technical perspective, although its too early, MATIC is forming an ascending triangle
2/ the rate of adoption of Polygon network is unfathomable, which will be a key driving factor in the upcoming bull run.
Due to the formation of a symmetrical triangle pattern we may expect a breakout in a few hours or days. There is many chances for a breakout to the upper side but there is still a little possibility for a breakout to the lower side of the triangle
MATIC price shows a bearish bias
After the 227% rally in late May, there's a lot of unfilled trading range that will eventually get filled.
Although risky, waiting for a confirmation in the buy zone to go long.
What do you think?
Leave your thoughts in the comments!
Feedback or questions are appreciated.
Not Financial Advice (FA)
The MATIC price flipped into a bearish trap and strikes at $1.61. In the early hours, MATIC was positioned at $1.82 and witnessed a downtrend from $1.82 point to reach $1.7. Currently the movement has shifted from the parallel range, quoted and is falling as a downtrend. In coming hours, the price may slump further at $1.55. In Contrast, gaining some bulls it...