Despite Bearish Market Polygon (MATIC) Still Testing Resistance Of Triangle As Support For Next Move


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    Published on Jan 10, 2022
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    Hi dear friends, hope you are well and welcome to the new update on Polygon (MATIC).

    A wedge and triangle:
    On a weekly time frame Matic has broken out an ascending triangle and now it is testing the previous resistance of the triangle as support, moreover, it is also testing support of a huge rising wedge pattern. There is also a support of exponential moving average 21 below the priceline. Therefore, there is a very high probability for price action to start a bullish reversal move from here. This expected move can be at least upto the resistance of the wedge which is approximately at $3.30.


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    hodlcommunity leofinance hive polygonmatic matic bitcoin cryptocurrency crypto

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