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.

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MATIC broke the descending triangle pattern.

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

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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.

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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.

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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.

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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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SaeedSalehinia