Polygon (MATIC): Reversal or more downside?

2021年9月27日

MATIC is forming a descending triangle—most likely a bearish continuation.

Wait for the breakout to be confirmed either above the upper line (reversal—long) or below the support line (breakdown—short) before entering this trade.

Any thoughts, please share with us!

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Cheers.

2021年9月29日

註釋

Instead of a descending triangle, MATIC is forming a bearish pennant.

2021年9月30日

註釋

Matic just broke out of the "descending" triangle. Price has broken the prior highs at $1.112. Wait for the pullback to see if price will be resisted or supported before taking a reversal trade. Reversal could take us back to $1.35, so absolutely worth keeping an eye on!

2021年10月1日

交易進行

2021年10月2日

交易結束：目標達成

Target of $1.35 has been reached.