✴️ Polygon Bullish Consolidation Pattern |Bearish Potential Weak
Updated
It's been 42 days since Polygon hit a wall and we have not seen lower prices.
➖ On 14-November MATICUSDT peaked and went on a small retrace; bearish potential did not developed any further.
➖ Currently we can see a bullish flag which works as a continuation pattern.
➖ MATICUSDT is trading above EMA10 & EMA21 (short-term) as well as MA200 & EMA200 (long-term). Bullish all across.
➖ The RSI is trending higher and above 58, really strong.
All the signals are bullish and the bears failed to pushed prices lower.
➖ The main support stands at EMA200 (0.7427).
Any trading above this level and Polygon continues 100% bullish. If it moves lower, more red can happen.
👉 On last note: One billion ($1,000,000,000) USDT has been minted just now, which normally translate into —the whales and exchanges are about to push Cryptocurrency higher.
Namaste.
➖ On 14-November MATICUSDT peaked and went on a small retrace; bearish potential did not developed any further.
➖ Currently we can see a bullish flag which works as a continuation pattern.
➖ MATICUSDT is trading above EMA10 & EMA21 (short-term) as well as MA200 & EMA200 (long-term). Bullish all across.
➖ The RSI is trending higher and above 58, really strong.
All the signals are bullish and the bears failed to pushed prices lower.
➖ The main support stands at EMA200 (0.7427).
Any trading above this level and Polygon continues 100% bullish. If it moves lower, more red can happen.
👉 On last note: One billion ($1,000,000,000) USDT has been minted just now, which normally translate into —the whales and exchanges are about to push Cryptocurrency higher.
Namaste.
Trade closed manually
The drop 3-Jan. invalidates the consolidation pattern.A new analysis is needed.
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