MATIC Long Opportunity 221%+ Breakout
Updated
CRYPTOCAP:MATIC is currently breaking out of a 3-year descending triangle pattern reversal, which is a bullish sign of continued upward movement. If the pattern is confirmed and plays out as expected, we can see a relatively swift 200%+ increase in Matic's price. 2.87 is my price target for this trade, which is just an under the ATH. However, I think this price target is low for Matic in the next 1-2 years. Although this pattern is looking to be confirmed, be careful with leverage and weigh your risk to reward carefully.
Polygon Matic is one of the best and most popular L2 tokens used as a scaling solution for Ethereum and is liked by old and new crypto investors. It's a "safe" bet on this bull market and a blue chip.
DYOR and bring home those gains!
Polygon Matic is one of the best and most popular L2 tokens used as a scaling solution for Ethereum and is liked by old and new crypto investors. It's a "safe" bet on this bull market and a blue chip.
DYOR and bring home those gains!
Note
The longer the CRYPTOCAP:MATIC consolidates, the more explosive the move. We have seen it time and time again in this market. Don't chase other coins after they pump, or you'll get left behind when CRYPTOCAP:MATIC does. Delayed gratification in crypto is one of the most successful strategies.Note
CRYPTOCAP:MATIC is doing well pushing up to 1.25 before a small pullback retesting some past highs around 1.13. The pattern still looks to be confirmed and holding would be the best course of action.
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