See how Polygon (MATIC) tagged 0.75$ before a strong bullish push the last 24 hours or so!
Is this the beginning of a crypto resurgence after the flash crash?
Keep an eye on Bitcoin. We are looking for a break above 40k USDT for more potential bullish movement!
Medium Term analysis on MATIC USDT, based on the idea that Bitcoin will not sustain the downward ranging pattern we are forming at the moment.
MATIC found strong support at 61.8% fib level and Anchor VWAP from the lows off 0.3 cents, meaning that bulls want to take control of the chart.
An AB=CD harmonic pattern is not out of the picture, putting us testing the...
MATIC is another one to have hit the 0.886 retracement. Could be a real home run to the downside. I do have a stop loss at $2.5 on this one as this is a very explosive crypto, but if it gets triggered I may consider to re-enter.
As we can see on the daily timeframe, a symmetrical triangle has formed, which can be broken both up and down. If the price breaks the triangle up, there is a potential for growth to $ 2.2 or $ 2.4, but if it breaks down, the price may fall to $ 1.07. The upside potential of the coin is great, in the near future it should show good growth.
Like the idea, like and...
Triangular price action took about two weeks to unfold. Pardon my excitement about it! Looks like we may have an upswing soon. Stochastic bullish divergence formation lends confidence that third bottom is in (higher high), a challenge of the most immediate resistance level likely in play.
Hello to you all. Mars Signals team wishes you high profits at all times.
The price is on a downward path and will continue to fall if it can not reach the top of the resistance. We have identified a support and purchase area for you
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!