polygon MaticScalable blockchain.
A great project to follow.
After the sidways, the matic will go to moon. n no t ciming back
Scalable
Solana creating descending pattern at $350 or $361crab harmonic pattern:
X=$946
AB=0.38 XA
BC=0.38 AB
1.6 BC=$13.87
2 BC=$25.69
2.24 BC=$37.85
2.6 BC=$69.67
0.78 XA=$155
3.6 BC=$350
0.88 XA=$361
4.23 BC=$949
1.13 XA=$2840
1.27 XA=$9434
1.41 XA=$30290
6.85 BC=$64507
1.6 XA=$175740
Near is going to $20 or needs correction to $4.5?butterfly harmonic pattern:
X=$15.66
AB=0.78 XA
BC~0.38 AB
0.78 XA=$7.56
0.88 XA=$10.6
1.6 BC=$20.2
1.13 XA=$24.37
2 BC=$37.17
1.27 XA=$39.5
2.24 BC=$54.45
$KSM/USDT 90m (Binance Fut.) Symmetrical triangle near breakoutKusama is accumulating for a week and just regained 50MA, seems to be ready for a local up-trend.
Self-described as "Polkadot's wild cousin,"that blockchain platform is designed to provide a massively interoperable and scalable framework for developers.
Current Price= 332.11
Buy Entry = 332.39 - 326.51
Take Profit= 349.97 | 373.21 | 395.29
Stop Loss= 312.97
Risk/Reward= 1:1.25 | 1:2.66 | 1:4
Expected Profit= +18.69% | +39.84% | +59.94%
Possible Loss= -15.00%
Fib. Retracement= 0.382 | 0.618 | 0.883
Margin Leverage= 1x
Estimated Gain-time= 1 week
A solution for scalability is really needed!On the long-term map of Ethereum (logscale/daily candles) I see signals for potential downturn. I am certainly a supporter of Ethereum, but I’m not very happy about the six months outlook.
I have a number of issues:
1: There is no prospect for a solution with regard to scalability.
2: Assuming that Wirth's law is also applicable to Ethereum, without scalability solution, the current success and popularity of Ethereum will also be its downfall. The more programs built on top of it, the slower it gets. Crypto kitties was a good example how easy Ethereum can get clogged. Some stupid app like crypto kitties is properly already in the making.
In terms of value the market has confidence in Ethereum but without a scalability solution support can decline fast.
Should Lightning Network (BTC) be successful (I suspect that this will not be the case) Ethereum will have to come up with an answer to LN fast.
On the other hand, Ethereum remains one of the better projects on the market, and I'm assuming there will be enough money in the coming months to roll into the market.
