Long
Polygon MATIC falling into a nice entry zone
Polygon is in an accumulation phase since the downfall in may 2021.
Last time we stated that this coin is a nice buy in the 2$ region.
That's where we are now and it still looks like a nice pickup zone.
The RSI dropped a little bit below the triangle and we expect it to bounce back into it within the next weeks.
The bullmarket supportband is around 1.8$ and usually acts as support within a bullmarket.
Currently around 7 billion MATIC tokens out of 10 billion possible are in circulation.
This is ok from an inflation standpoint.
Feel free to comment or ask anything you like.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers Ctumbler
Last time we stated that this coin is a nice buy in the 2$ region.
That's where we are now and it still looks like a nice pickup zone.
The RSI dropped a little bit below the triangle and we expect it to bounce back into it within the next weeks.
The bullmarket supportband is around 1.8$ and usually acts as support within a bullmarket.
Currently around 7 billion MATIC tokens out of 10 billion possible are in circulation.
This is ok from an inflation standpoint.
Feel free to comment or ask anything you like.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers Ctumbler
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