Matic (Polygon) Preparing for Huge Breakout

I love this action from MATIC here. It's showing incredible resilience and strength against BTC and ETH.

After a beautiful move from 0.51 to 0.99, we're in a consolidation phase. Triangular consolidation that is serving as a bull flag is attempting to break out and when it does, we're going to rocket higher.

There is a lot of action in the parallel channel I've highlighted from 0.75 to 0.96. We should break this pretty easily once the triangle breaks.

Target: +32%
Stop Loss: -20%

Best of luck

- Sultan of Chart

Kommentera:

Breakout has begun! Don't be surprised to see a pullback to 0.965 given all the prior action there. If it does, it would be a great buying opportunity

Kommentera:

As expected, we pulled back to 0.96, a little farther than I predicted but no harm done. Stay the course