✴️ Polygon Revisited | Long-Term Bullish Potential Revealed!
I am removing my caution/precaution filters... We will have a fresh look at Polygon (MATICUSDT), the chart deserves an unbiased and updated analysis and so we zoom out and focus on the long-term.
Looking at MATICUSDT on the weekly timeframe, we can see that the current session hit the highest price level since April 2023.
Back to basics:
➖ Bear-market bottom June 2022 (low).
➖ Recovery year bottom September 2023 (higher low).
I don't know if you remember a few months back but we would go through hundreds of charts together and signals would start to repeat. Initially it was all about moving above EMA10 daily and a strong volume breakout. Then it evolved to a break of EMA50 daily as resistance, this was a big one together with the classic MACD bullish cross.
A bullish divergence with the oscillators such as RSI and MACD is another signal we looked at frequently and it helped us predict support levels and bottoms; helped us predict a trend reversal but these are not as relevant as before because we've been bullish for month. We are now looking for continuation signals such as rising channels, ascending channels, triangles, flags and... Keep reading below!
As the action continues to develop, we are now looking at it weekly and the main signal across all bullish charts is a break of EMA100 as resistance; this is present here for MATIC as well as the rest of the chart we've been looking at lately.
This is a strong development because massive, long-term growth action can only happen above this level; we are super bullish long-term and for the entirety of 2024.
The bull-run phase will happen in 2025 but still, higher highs and higher lows.
The strong target is $2.22. There are several resistance levels before reaching this price as is normal, on the way up; such as $1.33 and $1.55 but this is a wave that can take months.
👉 After $2.22 we have $2.65 and $3.33 is also possible in 2024.
A new All-Time High can push prices beyond $7.65 but it can go higher, much higher who knows but it is still early for us, so we are happy with the close targets and we will focus on the higher ones after June/July 2024.
A super-cycle as in the early days of Crypto can break all patterns and send prices off the chart.
Namaste.
Looking at MATICUSDT on the weekly timeframe, we can see that the current session hit the highest price level since April 2023.
Back to basics:
➖ Bear-market bottom June 2022 (low).
➖ Recovery year bottom September 2023 (higher low).
I don't know if you remember a few months back but we would go through hundreds of charts together and signals would start to repeat. Initially it was all about moving above EMA10 daily and a strong volume breakout. Then it evolved to a break of EMA50 daily as resistance, this was a big one together with the classic MACD bullish cross.
A bullish divergence with the oscillators such as RSI and MACD is another signal we looked at frequently and it helped us predict support levels and bottoms; helped us predict a trend reversal but these are not as relevant as before because we've been bullish for month. We are now looking for continuation signals such as rising channels, ascending channels, triangles, flags and... Keep reading below!
As the action continues to develop, we are now looking at it weekly and the main signal across all bullish charts is a break of EMA100 as resistance; this is present here for MATIC as well as the rest of the chart we've been looking at lately.
This is a strong development because massive, long-term growth action can only happen above this level; we are super bullish long-term and for the entirety of 2024.
The bull-run phase will happen in 2025 but still, higher highs and higher lows.
The strong target is $2.22. There are several resistance levels before reaching this price as is normal, on the way up; such as $1.33 and $1.55 but this is a wave that can take months.
👉 After $2.22 we have $2.65 and $3.33 is also possible in 2024.
A new All-Time High can push prices beyond $7.65 but it can go higher, much higher who knows but it is still early for us, so we are happy with the close targets and we will focus on the higher ones after June/July 2024.
A super-cycle as in the early days of Crypto can break all patterns and send prices off the chart.
Namaste.
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followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
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