Polygon (MATIC) Making Another Attempt To Breakout Huge Channel

Polygon (MATIC) Making Another Attempt To Breakout Huge Channel

By moon333 | moon333 | 24 Dec 2021


 

Hi dear friends, hope you are well and welcome to the new trade setup of Matic Network


Broke out big triangle:

In Oct 2021 Matic broke out big triangle and started a big move:

FKz8CwIu_big.png

 

2 significant resistance levels:
After breaking out $2.22 resistance level now the priceline is trying to breakout the next price level resistance at $2.57:

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Big channel:
While the priceline is struggling to breakout price level resistances at the same time MATIC has also reached the resistance of big channel on the weekly time frame.

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No bearish divergence:
There is no bearish divergence on the weekly time frame, therefore there will be a high probability of big breakout.

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Don't forget to upvote/tip and share the post, thanks

 

You can also support my work at Patreon for more ideas:

https://www.patreon.com/moon333

 

In order to play and watch the current performance of the chart you need at least a free account on tradingview:

https://www.tradingview.com/gopro/?share_your_love=moon333

KuCoin is one of the best exchange to find crypto gems:

https://www.kucoin.com/ucenter/signup?rcode=rJSDVT3

 

Link for Binance exchange, to trade crypto:

https://www.binance.com/?ref=11256882 

 

 

Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.

   

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moon333
moon333

Hi, My name is Atif Akbar and I am a trader and trading charts author


moon333
moon333

Hi my name is Atif Akbar and i am trading charts author of different assets like crypto, forex, commodities, CFDs Stocks e.t.c.

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