Matic repeating EW?
Not an advisor.
Matic has been dominant over the last month. It has truly been a wild rollercoaster, the strongest recovery in the crash too! I personally didn't think this crashed due to the news with bitcoin. This was over extended & was ready to cool down. I believe Polygon might be the strongest coin out right now, not just because of performance with price action. Polygon is solving the issues with ETH & ETH just shown so many flaws with the crash. Network Fees have been outrageous. I've see just shy of $1000.... just insane. Polygon is out to fix the fees!
So daily chart here, like previously stated we recovered nicely from the crash. RSI is chilling at about 65 with room to run before we become over bought. I think max run length would top us out at nearly $3.60 area (could go beyond depending on how technicals & more catalysts) I believe we are repeating Eliot Wave Theory just at a higher time frame level. MACD just crossed and is indicating a bullish movement upward.
Stoch indicator is rising up with a sure sign of strength to come. Quick side note, Mark Cuban just backed polygon.... This could be a huge deal. Time will tell with this.
Watching the bollinger bands closely, as well as my pitchfork to see what further validates price movement. Will update as needed, great things to come for Polygon.
Matic has been dominant over the last month. It has truly been a wild rollercoaster, the strongest recovery in the crash too! I personally didn't think this crashed due to the news with bitcoin. This was over extended & was ready to cool down. I believe Polygon might be the strongest coin out right now, not just because of performance with price action. Polygon is solving the issues with ETH & ETH just shown so many flaws with the crash. Network Fees have been outrageous. I've see just shy of $1000.... just insane. Polygon is out to fix the fees!
So daily chart here, like previously stated we recovered nicely from the crash. RSI is chilling at about 65 with room to run before we become over bought. I think max run length would top us out at nearly $3.60 area (could go beyond depending on how technicals & more catalysts) I believe we are repeating Eliot Wave Theory just at a higher time frame level. MACD just crossed and is indicating a bullish movement upward.
Stoch indicator is rising up with a sure sign of strength to come. Quick side note, Mark Cuban just backed polygon.... This could be a huge deal. Time will tell with this.
Watching the bollinger bands closely, as well as my pitchfork to see what further validates price movement. Will update as needed, great things to come for Polygon.
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