VOLUME : The transaction volume on Polygon’s reached 14,780.
The decline in activity on the Polygon protocol could impact MATIC as well. At press time, however, Polygon’s usage and MATIC’s price were not directly co-related.
RESISTANCE LEVEL : The resistance level of $1.056 on 26 April, MATIC’s price fell by 19.43%.
MATIC was trading at $0.851. Its RSI had...
inverse Head and Shoulders pattern
A Trading Signal is seen in the MATICUSDT Polygon
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.7296
⭕️SL @ 0.686
🔵TP1 @ H&S Target 0.866
🔵TP2 @ 0.94
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger...
Look like Uptrend ! Channel patter formation on MATIC COIN on a daily timeframe ! Target should be around 3$ ! 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