[polygon] by elo.The odyssey of Matic (Polygon) commenced at a mere 0.0025, back in 2019.
It ascended in what appears to be an impeccable 5-wave sequence, reaching an impressive 2.9255 at the peak.
Remarkably, it is one of the few tokens in this pervasive bear market that has not experienced any significant deterioration.
Such a characteristic could be construed as exceedingly bullish—
or,
merely an elongated phase of distribution preceding the eventual re-accumulation phase.
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I admonish any prospective investor in this coin,
as it may undergo a substantial depreciation once Wave B has concluded later this year.
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A conservative estimate for Wave C's termination resides within the 0.08-0.1 vicinity—
however,
it is more plausible that it descends into the 0.03-0.05 region,
signaling the ultimate capitulation phase of the bear market.
👇
Subsequent to this event,
I envision Matic soaring to a minimum of $15.
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Wave B target = 2.22
Wave C target = 0.03
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