Panjang
Matic making momentum for launch

As many coins have already had a serious bullish momentum after a build up with similar structures, mostly double fractal with small retracements following each other, forming in an ascending pennant. A similar set-up is forming, not so clear, as Matic is always very volatile, which is a good thing for a build up.. On the right upper chart, Cardano (ADA) which is having a break-out from a double fractal structure, and below Ethereum which has a beginning of a break-out of that ascending wedge.
I have no clear idea of where Matic would go eventually, but the price and trading range between 0.015 and 0.04 we have I'm quite sure left behind, and has formed a long support and momentum for much higher levels. I would say this volatility is a pattern that will change over time with higher volume. Matic/usdt has atm not yet 30M usd volume, which is peanuts. I can't imagine if volume would go to 500M usd or even more.. which is certainly possible.
In every build up so far tokens have gone up with a significant leap after structures explained before and they haven't had large retracements afterwards, which I believe most alts have been undervalued for quite some time and had the chance to shake the weak hands.
I have no clear idea of where Matic would go eventually, but the price and trading range between 0.015 and 0.04 we have I'm quite sure left behind, and has formed a long support and momentum for much higher levels. I would say this volatility is a pattern that will change over time with higher volume. Matic/usdt has atm not yet 30M usd volume, which is peanuts. I can't imagine if volume would go to 500M usd or even more.. which is certainly possible.
In every build up so far tokens have gone up with a significant leap after structures explained before and they haven't had large retracements afterwards, which I believe most alts have been undervalued for quite some time and had the chance to shake the weak hands.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.