Long
Polygon (MATIC) technical analysis: Symmetrical Triangle
MATIC is currently trading in a symmetrical triangle with a clear buildup—creating two distinct lower highs AND higher lows that took several month to form. I foresee a bullish continuation (higher timeframe is in an uptrend) and since the price is trading above the 200MA, I consider a long position.
Wait for the price to break above the triangle (candle close 4h) or wait for a pullback to occur (e.g. bull flag pattern) or a potential re-test) before entering this trade.
This is a golden opportunity!
-If you agree with this, like and share.
Cheers.
Wait for the price to break above the triangle (candle close 4h) or wait for a pullback to occur (e.g. bull flag pattern) or a potential re-test) before entering this trade.
This is a golden opportunity!
-If you agree with this, like and share.
Cheers.
Note
Matic is close to breaking out this triangle!Trade active
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Related publications
Disclaimer
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.