Long
✴️ Polygon Bullish Consolidation Pattern |Bearish Potential Weak
Updated
It's been 42 days since Polygon hit a wall and we have not seen lower prices.
➖ On 14-November MATICUSDT peaked and went on a small retrace; bearish potential did not developed any further.
➖ Currently we can see a bullish flag which works as a continuation pattern.
➖ MATICUSDT is trading above EMA10 & EMA21 (short-term) as well as MA200 & EMA200 (long-term). Bullish all across.
➖ The RSI is trending higher and above 58, really strong.
All the signals are bullish and the bears failed to pushed prices lower.
➖ The main support stands at EMA200 (0.7427).
Any trading above this level and Polygon continues 100% bullish. If it moves lower, more red can happen.
👉 On last note: One billion ($1,000,000,000) USDT has been minted just now, which normally translate into —the whales and exchanges are about to push Cryptocurrency higher.
Namaste.
➖ On 14-November MATICUSDT peaked and went on a small retrace; bearish potential did not developed any further.
➖ Currently we can see a bullish flag which works as a continuation pattern.
➖ MATICUSDT is trading above EMA10 & EMA21 (short-term) as well as MA200 & EMA200 (long-term). Bullish all across.
➖ The RSI is trending higher and above 58, really strong.
All the signals are bullish and the bears failed to pushed prices lower.
➖ The main support stands at EMA200 (0.7427).
Any trading above this level and Polygon continues 100% bullish. If it moves lower, more red can happen.
👉 On last note: One billion ($1,000,000,000) USDT has been minted just now, which normally translate into —the whales and exchanges are about to push Cryptocurrency higher.
Namaste.
Trade closed manually
The drop 3-Jan. invalidates the consolidation pattern.A new analysis is needed.
🔥 PREMIUM Trade-Numbers
lamatrades.com (Since 2017)
🏆 Results: t.me/alansantana1111/5935
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
lamatrades.com (Since 2017)
🏆 Results: t.me/alansantana1111/5935
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
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.