Possible Bullish Flag Build & Consolidation

11 Mar 2021

I'm still very bullish on Matic/Polygon despite it rallying for over 500% in the last few weeks, especially with the new listing on Coinbase (the Coinbase Effect). It's possible it could be consolidating and forming a bullish flag at the moment. It's found good support around the 100 ema on the 30min chart around $0.279-$0.28. There's a chance that it could break out when it becomes tradeable tomorrow on Coinbase or it could be dumped. I find it strange that a coin would pump and dump a day before touching the 2nd largest exchange by volume in the world. Before traders on Coinbase can trade it. If we see a drop below the 100ema on the 30min chart then the next supports down are at the 25ema 12hr chart. A break below that would land us on the 100ema 4hr chart which is incredibly strong support and it hasn't closed beneath that support in over 3 months.

11 Mar 2021

İşlem aktif

I'm new at posting on here, I didn't realize I had it on the 1hr chart instead of the 30min chart until after posting. It broke out of the flag on the 30min chart now and is heading toward the upside either to retest the $0.33 price or to new ATH.