MATIC Polygon: 1D Chart Review

Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Polygon (MATIC).

The chart is self-explanatory. Polygon's price is in a multi-month Rising Wedge Pattern and the current price recently made an all time high and currently retracing down to the support trend line (Support 1). The chart shows a few other support trend lines to keep an eye on in case the price starts to fall. The RSI bounced off of the support trend line, which may help the price move up further. The Stoch RSI is oversold and has potential to move up. Also noted in the chart is the 200 EMA (moving average) as well as Volume.

If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.

Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk

Commentaire:

Just broke Support 1. Keep an eye on Support 2.