MATIC - strong bullish structure
After massive pump of 13000% and classic ABC correction MATIC is building bullish structure.
Since C wave and capitulation Polygon/MATIC is forming higher lows and higher highs.
BTC is still struggle to break upwards, while MATIC is already at ATH level.
When MATIC enter into price discovery mode, price targets are ungrateful to predict but my are fib. extension 1.618 and 2.618 for now. When we get some more price action I will evaluate them again.
You can check my last MATIC analysis with more target details or zoom out this chart to find them.
I took some profit at previous HH and buy back more of it at around 1.9$ to increase my position. If we get another dip I will ad my last Polygon allocation at level market on chart as "minor D support".
Volume is only thing I don't like here. Hope we will get more of it when MATIC reach new ATH.
Previous analysis:
Since C wave and capitulation Polygon/MATIC is forming higher lows and higher highs.
BTC is still struggle to break upwards, while MATIC is already at ATH level.
When MATIC enter into price discovery mode, price targets are ungrateful to predict but my are fib. extension 1.618 and 2.618 for now. When we get some more price action I will evaluate them again.
You can check my last MATIC analysis with more target details or zoom out this chart to find them.
I took some profit at previous HH and buy back more of it at around 1.9$ to increase my position. If we get another dip I will ad my last Polygon allocation at level market on chart as "minor D support".
Volume is only thing I don't like here. Hope we will get more of it when MATIC reach new ATH.
Previous analysis:
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