MATIC copying ETH's previous bullish action?
I knew I saw this pattern already in other charts, mostly in a bigger timeframe, 2 fractals, forming higher lows and lower highs, hovering above the 200 EMA and the 21 EMA briefly visiting the 100 EMA. Quite identical scenario between Matic, 4H chart vs ETH, 8H chart on the left chart is visible..
Matic/Polygon is one of the few, or maybe only coin that is hovering above the 21 daily EMA (here not so clear as this is the 4hr timeframe).
If we won't break below the yellow ascending trendline and below the 100 and 200 EMA, we could see a bullish continuation, together with Bitcoin being the catalyst.
This is still a scenario, and not a guarantee of-course.
Matic/Polygon is one of the few, or maybe only coin that is hovering above the 21 daily EMA (here not so clear as this is the 4hr timeframe).
If we won't break below the yellow ascending trendline and below the 100 and 200 EMA, we could see a bullish continuation, together with Bitcoin being the catalyst.
This is still a scenario, and not a guarantee of-course.