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Polygon

MATIC Polygon Downward Price TargetToday I am reviewing the 1D (daily) chart for Polygon (MATIC) on a linear scale. The price has been dropping with the overall crypto market dropping led by Bitcoin (BTC) and Ethereum (ETH). I am showing the Fibonacci level of 0.382 around $1.17-$1.18, where the price may also meet the trendline (in red). This would be a 22% drop from current price levels. Also keep an eye on the RSI ( relative strength index ) as we may have potential to get back to touch the trendline. What are your opinions on this? I love reading your comments below. Check out more below for recent Altcoin, Bitcoin , Stock and Commodities Ideas. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
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by MillionaireEconomics
1
🪀MATIC- Ready for Wave 5? reached dynamic supportThe price has been moving in a rising wedge formation and today during BTC dump reached the bottom trendline. We can assume that this move was either the end of wave (4), or wave (b) and (c) is yet to come, in which case it would replace the current (i) - (ii) projection. Either way what is the most important for now is to see the price break out from the descending channel, ideally above the area of resistance and then a small pullback to around ~1.69 which could give potential entries. Entries at current price are also viable but of course much more riskier. Feel free to share your thoughts in the comments. ---------------- About MATIC: Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. To learn more about this project, check out our deep dive of Polygon Matic. Using Polygon, one can create optimistic rollup chains, ZK rollup chains, stand alone chains or any other kind of infra required by the developer. Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc. with the advantages of Ethereum’s security, vibrant ecosystem and openness. The $MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance. Polygon (formerly Matic Network) is a Layer 2 scaling solution backed by Binance and Coinbase. The project seeks to stimulate mass adoption of cryptocurrencies by resolving the problems of scalability on many blockchains. Source: coinmarketcap
MLong
by V0VOLAN
Polygon (MATIC) Growth Incoming Looking Nice!Polygon Matic has been showing signs of gaining positive momentum. We're loosing negative momentum on our MACD histogram and still have yet to bullishy diverge. On the Stochastic RSI we're formed a nice trough starting to creep out of the oversold territory. Layer 2 Ethereum scaling cryptocurrencies will be rising with the growth of Ethereum. I believe move up to the 0.786 Fibonacci level at $2.25 is looking like a good short term possibility. We have a nice sturdy uptrend since July. I do believe we will be getting a re-test of $2.70 cents for Polygon in the weeks to come with the overall growth of the market. Keep a close eye on Polygon Matic as it has good fundamentals pushing it forward this cycle and still has room to grow. Much peace, love, health, and wealth!
MLong
by peacefuljustin
2