Polygon MATIC - Bullish flag! A huge breakout is imminent.
- Matic is preparing for a huge uptrend if the bulls break the bullish flag. It's a pretty good opportunity, so you don't want to miss it!
- The bullish flag on the daily chart is supported by an ABC correction (ZigZag), so it makes the bullish flag much stronger.
- Also, we have started this uptrend with a strong impulse wave, which indicates massive buying pressure from the bulls.
- The next resistance is at the top of the massive parallel channel on the weekly chart. You can zoom out this chart to see this channel in all its full beauty.
- I strongly recommend waiting for a breakout above the flag, because, of course, the bears can step in at the resistance of the downward trendline.
- Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc. with the advantages of Ethereum’s security, vibrant ecosystem and openness.
- This is a pretty strong setup for the bulls. Let me know in the comment section what you think about MATIC.
- I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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