inv h&s on maticusd has a target of $3.21
after a huge 75% correction or so matic has made a v shaped bounce which also simultaneously turned into an inv h&s of which we have already blasted above the neckline of...this should lead to a target of $3.21. Mark Cubans recent support of polygon is likely also playing a role in this bullish surge.
Note
matic had a successful retest of the necline and price action has since bounced up from there...it should hopefully now continue upward to the measured move breakout target however we must remember that this being a 1hr timeframe increases the likelihood of a fakeout. I'd say if bitcoin can break out of the current inv h&s pattern it's in then matic should very likely reach its target.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.