MATIC returning to equilibrium would be a 128% gain from here!MATIC is looking extremely undervalued at current levels. The price has pulled back considerably since the "Trump election pump" and is forming a nice wedge on the 4-hour chart, which is currently on a four-count. A price move back to equilibrium from the wedge's bottom trendline would, by itself, result in approximately a 128% gain.
Longer term, if the price breaks out of the monthly chart wedge pattern (see comments below for the chart), which is also currently trading at a four-count, we could see some incredible price appreciation over the next 6 to 9 months.
Good luck, and always use a stop-loss!
POLUSDC
POLUSDT - 1H - Critical point: $0.35 - $1POLUSDT - 1H - Critical point: $0.35 - $1
TRADEX BOT NEWS:
We are continuing to move forward with the development of the CEX autotrading bot. At the moment we are testing it on OKx accounts, but we are working to include other exchanges: binance, coinbase, krakken...
We have also added "all" of the exchange's trading pairs.
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We will have more news soon!
Thank you!
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POLUSDT - 1H - Critical point: $0.35 - $1
We are in the support zone of the current bullish trend. It should be a good support point to boost the price up to $0.98-$1.
On the contrary, if it continues to delve into its current bearish channel, it could lose all interest for the investor and could collapse to $0.34 - $0.35.
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I share with you my technical analysis assessments on certain values that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Inform yourself, educate yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)