MATIC solves the interoperability and scaling problem of Etheruem. Has the lowest transaction fee of most blockchains at $0.13. It will enable NFT and DeFI transactions for the masses. It already did a 15x in 2021, now it could do 60x.
Has already partnered with and been the platform of choice for:
- Meta
- Disney
- Reddit
- Adobe
- Starbucks
- Adidas
- NFL
-...
I believe a macro target would be ~$2.35, which is around the previous all time high. There is strong hidden monthly bullish divergence as you can see. This is one of the original Defi coins that has stood the test of time.
Macro cup and handle pattern in play on XMR. A good long-term target would be around the 1.618 fib extension, which is a 5x from the current price of $160.
Descending Triangle Elliot Wave ABCDE Correction forming a bull flag on the DBC/ETH chart. I believe it's a fake-out to the downside with low volume and Shortening of Thrust.
Also sitting on the 0.618 Fibonacci.
Set stop loss below at around 0.0000035.
Target around 250%, with a Risk/Reward = 9
New to Elliott Wave Theory but trying to learn. I think ETH shall outperform BTC for sometime as BTC does it's A B C correction and slow bleed. Please tell me what you think. Thanks! :)
