Long
ðĨ MATIC Bullish Triangle After Capitulation
Last week we experienced a massive capitulation of both BTC and alts. Generally, after such a capitulation the market will rebound and trade sideways.
In my view, this is what we're going to see this week.
As for MATIC, we're currently seeing a bullish triangle emerge on the chart. If we see further bullish price action today, it's likely we're going to break it on the bullish side.
For the near term, $0.80 is my target. If the bullish market keeps strong for the next couple of days, $0.95 should be a realistic target in the longer-term.
In my view, this is what we're going to see this week.
As for MATIC, we're currently seeing a bullish triangle emerge on the chart. If we see further bullish price action today, it's likely we're going to break it on the bullish side.
For the near term, $0.80 is my target. If the bullish market keeps strong for the next couple of days, $0.95 should be a realistic target in the longer-term.
āļāļąāļāļāļķāļ
Price didn't break out on the top side, trade invalidated
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