Polygonusdt
Polygon (Matic) Buy Opportunity! Potential 68% Gain to ATH*Update* Matic has hit our 161.80% Fibonacci Target @ $0.58. Great buy for everyone that got in and accumulated more coins at the critical buy zone areas.
Polygon (Matic) Buy Opportunity! Potential 68% Gain. Great Performance throughout the past month from Matic, this cryptocurrency is showing very strong continuation bullish momentum with HH and LL in a bullish range growing just over 240% over the past month. Matic seems to have found some resistance short-term between the 61.80%-78.60% showing indications of a weak retracement. Buy zone from current price level at 50% ($0.37) Fibonacci level for a sniper entry, but will also be looking to accumulate more coins around the 50% Fib level. Wait for price action, further confirmation from Stochastics showing oversold market before entering any Buys. Potential 68% Gain from Buy Zone 1 to 127.20 Fibonacci Level @ 0.68. The road to $1 Polygon (Matic) is clear. Use buy zones to map out your buys and DCA to accumulate more coins.
What is Polygon?
Previously known as Matic Network, Polygon is a framework for building interconnected blockchain networks.
It seeks to address some of Ethereum’s major limitations—including its throughput, poor user experience (high speed and delayed transactions), and lack of community governance—using a novel sidechain solution.
Rather than being a simple scaling solution like its predecessor Matic Network—which uses a technology known as Plasma to process transactions off-chain before finalizing them on the Ethereum main chain—Polygon is designed to be an entire platform designed for launching interoperable blockchains.
Through Polygon, developers can launch pre-set blockchain networks with attributes tailored to their needs. These can be further customized with a growing range of modules, which allow developers to create sovereign blockchains with more specific functionality.
Key Notes:
The race is on to be the first interoperability solution to go fully live. Polygon’s proof-of-stake chain and Plasma scaling solution are live, but developers can’t yet launch their own standalone or shared security chains on Polygon until these features are released. Likewise, neither ZK-rollups nor optimistic rollups have been launched on the network, with Plasma currently the only scaling solution available on Polygon.
Polygon’s rivals are also rushing to go live with their offerings. As of March 2021, Polkadot has yet to launch public parachains; and while Cosmos’ Stargate upgrade has seen the launch of its Inter blockchain Communication Protocol ( IBC ), it won’t become fully operational until IBC transactions are enabled on the network.
Possible Bullish Flag Build & ConsolidationI'm still very bullish on Matic/Polygon despite it rallying for over 500% in the last few weeks, especially with the new listing on Coinbase (the Coinbase Effect). It's possible it could be consolidating and forming a bullish flag at the moment. It's found good support around the 100 ema on the 30min chart around $0.279-$0.28. There's a chance that it could break out when it becomes tradeable tomorrow on Coinbase or it could be dumped. I find it strange that a coin would pump and dump a day before touching the 2nd largest exchange by volume in the world. Before traders on Coinbase can trade it. If we see a drop below the 100ema on the 30min chart then the next supports down are at the 25ema 12hr chart. A break below that would land us on the 100ema 4hr chart which is incredibly strong support and it hasn't closed beneath that support in over 3 months.
Urgent: polygon matic 📉Polygon (Matic) It's arrived to Top so now have a few days for correction. It's time to sell and buy around 0.15 to 0.16
