MATIC Update Now.
Hello, brothers! How are you? I hope you're now in profit because, if you've read all our market updates, you'll be aware of the market conditions and movements.
Today, we will dive into the analysis of MATIC (Polygon).
MATIC is currently trading around $0.8425.
According to the daily chart:
The D chart shows MATIC breaking out of the falling wedge pattern with a successful retest. According to my TA, MATIC can reach $1.50 in the short term, with a mid-term target of easily hitting $2.30. In the long term, it has the potential to go beyond $5 - $12 (nearly 6x to 10x).
According to the four-hourly chart:
📍4h Chart
- Resistance: $0.9832
- Support: $0.7768
If $0.7768 holds, MATIC could rise to $0.8528, $0.8740, $0.8999, and beyond.
In my opinion, MATIC might retest the support at $0.8148 - $0.8060 and then start pumping.
📍1h Chart
- Resistance: $0.8740
- Support: $0.7860
If $0.8148 holds, MATIC could rise to $0.8528, $0.8740, $0.8999, and beyond.
In my opinion, MATIC might retest the support at $0.8148 - $0.8060 and then start pumping.
Buy at the spot and hold for the next 3-4 weeks; you will likely get a good return. Come back to this post and give a tip when it happens! 😃
Follow for regular TA updates and comment on your opinion and what analysis you want next?
