MATIC/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this MATIC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Polygon (MATIC) Polygon (MATIC) snapped a three-day losing streak on Thursday, following a crossover of moving averages (MA).
The 10-day (red) MA crossed its 25-day (blue) counterpart in today’s session, sending the price to a peak of 0.8974.
This comes following Wednesday’s low at 0.8787, which saw MATIC hit its weakest point since May 25.
market volatility in polygon remains significantly high, with earlier gains almost fading.
MATIC is trading at 0.8934, with the RSI at a reading of 46.03, which is close to a ceiling of 48.00.
Should this aforementioned point of resistance be broken, bulls could force a move toward 0.9000.
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Thank you
Btcmatic
MATIC/BTC DominanceOn the fundamental part is Polygon always delivering but the next few weeks could be special.
They will introduce new zkrollups and they will be integraded in smartphones from HTC and Phone1 from "nothing".
Besides that is the polygon network running a beta version for nft on facebook and instagram wright now.
Dominance will moon cause I think Bitcoin will go sidewise for a wile.
Matic will repeat what it did twice already.
Greetz dikka.eth
No financial advice.
BTC TO THE MOON #BTC
Trading is not about entering in the middle of the range and waiting for a drawdown. This is work from levels. Even if you have to wait a week, just place orders and wait.
I advise you to place short orders at 45 *** and wait. Stop Loss 48 *** ... It may take several weeks, the market does not move in an hour, please be patient.
My local long, open to the BUSD pair and spot, I fixed 50% at 42100, the rest I converted to plus.
I keep short with 52,000, I will fix below 34,000.
Matic on it's important support* Matic forms a Descending triangle pattern, making a important support zone around $2.42 and above descending trendline as resistance.
* Descending triangle pattern is considered to be either trend continuation or trend reversal pattern, depending on the pattern breakout.
* If price breaks the above trendline we can expect a bullish move till $2.9
* Price below the support zone is Bearish
