Polygon (MATIC)

Polygon needs no introduction; a versatile platform which offers various solutions. Recent news about collaboration between Google Cloud and Polygon shows where this project is headed. Technical-wise, Polygon is moving in a upward inverted wedge. Have to wait and see if price can break the all time high (the double top level). Let's see what happens.

Nota

MATIC broke the descending triangle pattern.

Nota

MATIC also broke the major downtrend line and is going up.

Nota

So, MATIC couldn't break the major downtrend line before and made a false breakout. Let's see if this time, MATIC can break this line or not.

Nota

So, MATIC went down and reached the major horizontal support area. It seems a big triangle pattern is unfolding and currently MATIC is at the bottom. Jasu have to wait for MATIC to break the minor downtrend line. Let's see what happens.

Trade ativo

So, MATIC broke the downtrend line and is going up toward the big triangle's upper line. Let's see if MATIC can break this triangle upward or not.

Nota

So, MATIC made another visit to the bottom of the big triangle pattern; hopefully, this is the last. There are two minor lines that MATIC' has to break first to go toward the triangle's upper line. Let's see what happens.

SaeedSalehinia

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