Polygon (MATIC)- Huge setup forming (2nd part)

ok so matic is pretty popular. and i admittedly left off any arguments or chart analysis explaining my $2 PT.

And that has as much to do with the scaling limitations on TA but also fear of putting too much analysis in one idea.

Remember this is my personal research and reference. Consider this my personal diary for reference. Not an advisor. don't listen to me.

OK so i can't capture BOTH larger term measures for the $2.00 argument (which im actually revising to $1.70 to be more conservative). It could touch $2.00 for a micro second.

Here i've got the fib retracement analaysis demonstrating the prior to recent ATH did reach the 4.618 magenta top. Using the fib retracement tool on the most recent move, a future move from this level would put us at $1.70.

Now so price discovery fib analysis is good. But i always like to see the movement of the price within the cycles and identify points in between. If i see that the price is trading in a manner that appears consistent with the prior cycle AND it IS moving up and down WITHIN the other fib channel lines flipping them for support and/or resistance....Welllll...thats almost too good to be true.

I had arrows on this chart pointing at the micro price points where (so far) MATIC is moving VERY predictibly in conjunction with its prior action. It tested light green, bounced, retested, dropped to dark green bounced, flipped light green resistance as support, etc. etc. etc.

So if its trading in a similar pattern and there are three (in this case i found 5 so far) points of almost EXACT price movements, i'm going to go ahead and use the bars pattern chart (what alot of people are now incorrectly (imho) referring to as 'fractals).

It just so happens transposing the prior 'fractal' pattern to the remaining cycle were in is going to put us right at the 4.618 level (roughly $1.70). That said i'll probably start closing out of my position around $1.50.

LAST NOTE: MATIC does have a head fake if its limited history is any indicator. from here it might pop to $0.70 and then drop hard possibly back to $0.45, trade sideways for a week or two and THEN go big. IDK. just saying i might take some profit at 0.65-0.75, move into another alt for a week or so and buy it back at $0.45.

Again not advice. JUST speaking to myself.