Matic (Polygon) Preparing for Huge Breakout
Updated
I love this action from MATIC here. It's showing incredible resilience and strength against BTC and ETH.
After a beautiful move from 0.51 to 0.99, we're in a consolidation phase. Triangular consolidation that is serving as a bull flag is attempting to break out and when it does, we're going to rocket higher.
There is a lot of action in the parallel channel I've highlighted from 0.75 to 0.96. We should break this pretty easily once the triangle breaks.
Target: +32%
Stop Loss: -20%
Best of luck
- Sultan of Chart
After a beautiful move from 0.51 to 0.99, we're in a consolidation phase. Triangular consolidation that is serving as a bull flag is attempting to break out and when it does, we're going to rocket higher.
There is a lot of action in the parallel channel I've highlighted from 0.75 to 0.96. We should break this pretty easily once the triangle breaks.
Target: +32%
Stop Loss: -20%
Best of luck
- Sultan of Chart
Note
Breakout has begun! Don't be surprised to see a pullback to 0.965 given all the prior action there. If it does, it would be a great buying opportunityNote
As expected, we pulled back to 0.96, a little farther than I predicted but no harm done. Stay the course
Never let the fear of striking out get in your way.
- Sultan of Chart
- Sultan of Chart
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