Polygon(POL) bull market has not ended yet!Recently, Polygon had reached $0.768 which is the highest price during last few months.
Now the price is dropping pretty much from the highest point, but I still believe this is not the end of altcoin season, also the season of Polygon.
I think the recent price drop was inevitable since RSI was in overbuy area for few days. The point is, If the price continues to be supported at the 0.382 level of $0.55, I think the upward trend could continue, leading to a rally up to the 1.0 or even the 1.272 level. And in that case, price would be between $0.97 ~ $1.08.
Moving average golden cross has just appeared. It is still worth to wait and look.
Polusd
POL/USD 1W !Hello everyone, I invite you to review the POL/USD chart taking into account the interval of one weekend.
As we can see, the price has been moving in a downtrend channel for a long time, where there is still room for price increases.
Additionally, it is worth mentioning that a positive upward exit from the channel may result in a strong increase close to the channel height around $1,89. However, before this happens, the price must overcome the strong resistance zone from $0.78 to $0.91, and then the resistance at $1.09 near the upper border of the channel, which will open the way towards strong resistance levels at $1.58 and then $2.38. Currently, we can see the price staying above the support at $0.59 and further protected by a strong support zone from $0.47 to $0.28.
you're not ready yet MATIC, chill in the triangle for now It reaches and hits exactly the major line going from its old peak of 2021. Unless it convincingly breaks out and flips this major line, the path of least resistance for MATIC is to continue accumulating for a few more weeks in the triangle before a path opens to a massive rally
Hypothetical inverse head&shoulders pattern will materialize…. . .-if- Polygon decides to correct here for even a few days we will officially start forming a right shoulder and then we get the benefit of having an even higher target than the current $1.06 target we are heading towards for the falling wedge breakout. There is also 2 double botto breakouts and a channel breakout on the horizon too just above those 2 targets so it should create a bunch of bullish momentum as all these overlapping bullish patterns start falling like a domino effect. Of course if Polygon instead chooses to continue pumping towards the $1.06target without correcting for a day or few then the inverse head and shoulders will not materialize. *not financial advice*
Hypothetical inverse head&shoulders pattern will materialize…-if- Polygon decides to correct here for even a few days we will officially start forming a right shoulder and then we get the benefit of having an even higher target than the current $1.06 target we are heading towards for the falling wedge breakout. There is also 2 double botto breakouts and a channel breakout on the horizon too just above those 2 targets so it should create a bunch of bullish momentum as all these overlapping bullish patterns start falling like a domino effect. Of course if Polygon instead chooses to continue pumping towards the $1.06target without correcting for a day or few then the inverse head and shoulders will not materialize. *not financial advice*
POL 1$ TargetLike I said earlier, any rebranding is a green flag for investors and an indicator to buy the asset. POL was no exception. 1$ is exactly the target that big investors are waiting for. I think it's no secret that along with Bitcoin, Ethereum and Solana, a major market maker was accumulating POLYGON, which eventually became POL. Bullish!
Horban brothers.
POL/MATIC is bullishNote: The name of the MATIC project has been changed to POL.
It seems that wave E is diametrically over and price is entering wave F. Wave F is bullish.
The main target can be the red box.
Closing a daily candle below the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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MATIC to POL upgrade was done on the Ethereum mainnet.
(POLUSD 1D chart)
There are many coins and tokens in the MATIC ecosystem.
Therefore, I think MATIC has a high potential for development.
When choosing an altcoin, it is a good idea to check how the ecosystem it belongs to is formed.
That way, it will not be delisted.
To check the coin ecosystem, you can check it on a site that shows the coin market cap ranking.
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(MATICUSD 1M chart)
The key is whether it can rise above the psychological volume profile range of 0.6221-1.0839.
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(1W chart)
The key is whether it can rise above 0.4965 and receive support.
If not, we need to check whether it can receive support near 0.2950.
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(1D chart)
The key is whether it can receive support in the HA-Low (0.4166) indicator of the 1D chart and the HA-HIgh (0.5142) indicator range of the 1D chart and rise above the M-Signal indicator of the 1M chart.
Currently, the StochRSI indicator is showing signs of entering the overbought zone, so support around 0.3837 is important.
If it is not supported, it is likely to lead to further decline.
Therefore, the time when we can trade is when it shows support near the HA-Low indicator point.
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The fact that the HA-Low indicator was created means that a low point zone has been formed.
Therefore, if it is supported by the HA-Low indicator, it is a buying period, and if it falls, it is likely to show a stepwise downward trend.
The fact that the HA-High indicator was created means that a high point zone has been formed.
Therefore, if it is resisted by the HA-High indicator, it is a selling period, and if it rises, it is likely to show a stepwise upward trend.
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Have a good time.
Thank you.
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- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
Since I think it can create a new trend in the overshooting section, I need to check the movement when this section is touched.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to create a pull back pattern and start after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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long trem polthe domain has good support and its price is likely to increase
buy only with capital management...
pol/usdt swing ~The POL token (Proof of Liquidity) serves as credits for Pool-X, helping to record the flow of liquidity certificates and working as the payment method for liquidity bids in the aforementioned trading market. Ultimately, POL was created to cope with the inadequate liquidity of staked crypto assets.
this is an essential token in the world of staking on Kucoin.
i'm picking up some pol right here, as it retests this long bear channel.
been consolidating for weeks now, and we're about to get a weekly algorithmic buy signal using our proprietary system.
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wave 5 target = $1.6