this chart polygon usdt 4h
strong sell
The price has reached the ceiling of the channel, there is a high possibility of a strong sale
The market is correcting and this correction can be 20%
Be a seller
I hope you benefited from this analysis
Polygon cryptocurrency on the 4-hour time frame
This cryptocurrency was able to reach its last support level after Bitcoin's correction and at this stage it has the possibility of changing its character
The 0.5 Fibonacci range is the reversal correction of this cryptocurrency, meaning the price will react to 0.465 and enter the next resistance level
You can...
Price Action Analysis:
Parallel Channel:
The chart is framed within an ascending parallel channel, which suggests an overall bullish trend. The price appears to respect the channel boundaries with multiple touches on the upper resistance and lower support lines.
The channel shows a clear Elliott Wave structure labeled with (A), (B), and (C) corrections.
Elliott...
