✴️ MATIC's 10 Months Old Bull Market Continues | 5X

It's been ten months since Polygon (MATICUSDT) hit bottom, followed by higher highs and higher lows, technically speaking a bull market.

The last peak was hit in February with a higher low in March and now the chart candles and signals pointing to additional growth.

Continuing in the spirit of a bull market, a higher high comes next.

It should take around 2 months for the next high to hit circa $2.30... We can see $2 pretty quick though and there can be some variations but the above numbers can be used as reference.


Technicals?

✔️ The MACD is safely trading above 0 and bouncing of the signal line, plenty of room left available for additional growth.

✔️ The RSI is super strong above 54 weekly, trading above all resistance in a bullish trend since June 2022.

✔️ The 6-March weekly candle closed as a Dragonfly doji to end a correction, a strong bullish signal.

✔️ Last week closed as a higher low compared to 6-March and a common doji, this week prices moving above EMA10.

These are the technicals and all bullish.

✔️ Finally, the volume is average as a continuation signal.
As MATICUSDT start to challenge new resistance levels, the trading volume will grow.

This is an easy one.

Thanks a lot for your support.

Namaste.

Yorum:

LONG MATICUSDT

Leverage: 5X

Buy-in: $1.0920 - $1.1700

Targets:

1) $1.2333
2) $1.3100
3) $1.4210
4) $1.5555
5) $1.7000
6) $1.8000
7) $1.9300

Stop-loss: Close daily below $1.0500

Liq. price: $0.9549

Potential profits: 333%

Capital allocation: 3%

Shared: 5-Apr-2023