Recently I've made a couple of analyses on MATIC's massive triangle. See below.
As it stands now, we're currently on the verge of confirming a break out of the pattern. Chances are that the price is currently re-testing the top resistance in order to confirm the bullish break out. In that case, I'm looking at a $1.75 target in the near future, potentially $2.
In case of a bearish move of BTC, expect MATIC to fall down towards the lower bound of the triangle.
Happy trading!
As it stands now, we're currently on the verge of confirming a break out of the pattern. Chances are that the price is currently re-testing the top resistance in order to confirm the bullish break out. In that case, I'm looking at a $1.75 target in the near future, potentially $2.
In case of a bearish move of BTC, expect MATIC to fall down towards the lower bound of the triangle.
Happy trading!
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