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ZenTradesRW

MATIC Breakout Imminent

Long
Polygon (COINBASE:MATICUSD)  
ZenTradesRW Updated   
COINBASE:MATICUSD   Polygon
Chart Patterns Technical Indicators
13
2
chartpattern indicator
MATIC coiling under resistance on declining volume and getting tight. Looks ready to breakout any day now. Strange that I haven't really seen much talk about this setup as Ethereum and a few others have taken the spotlight. Makes me more confident that it'll follow through.

Once we break over $1.25, FOMO will start to creep in.
Comment:
MATIC broke out, formed a higher high and is now retesting the breakout area. Ideal scenario is an inside day today and continuation of the uptrend into next week. The infrastructure bill is being voted on tonight around 8pm apparently, so expect volatility.

Worse case scenario is a false breakout, and breakdown below the pennant.
Comment:
Broke through key resistance on huge volume so far. Think this moves to ~$1.65 and pauses there. Maybe break above towards $2 before consolidating, but would think that's less likely. The GOAT is back
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