Matic is moving in symmetric triangle. Keep an eye on it for breakout
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.
The token has now re-entered into its primary uptrend trend line with volumes. If breaks the 1.70 resistance and sustains it, a good move is expected.
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
Polygon (Matic) Soon will Break the Descending Trendline
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. DYOR 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...
IF BREAKOUT FROM THIS BULLISH PATTERN THEN LONG MATIC FOR EASY GAINS
Matic forming bullish pattern in 15m. Long for gain after breakout!
Matic is going to breakout, long it for possible gains!