Panjang
MATIC Fundamentals + Bull Flag Play - PT $1.50
Recently, energy has been cited as a concern for cryptocurrencies (IMO just FUD, but it only matters what people think), and Proof of Stake networks like ADA are in the spotlight for being eco-friendly. MATIC is just as eco friendly, being proof of stake, while supporting smart contracts along with a bit of ETH's network effect as a result of being a sidechain (AAVE, 1inch). MATIC could benefit from this out of the blue concern for the environment with respect to cryptocurrencies, as well as being a nice preview of ETH2.
Additionally, a nice clean bull flag has practically confirmed on MATIC with a price target of $1.53. MATICETH has been moving up in surges recently, and this could be another leg up.
Additionally, a nice clean bull flag has practically confirmed on MATIC with a price target of $1.53. MATICETH has been moving up in surges recently, and this could be another leg up.
Nota
Halfway to price target - hit TD 8 and is taking a short break.Nota
Went exactly as planned, and more! The minimum price target of $1.53 was easily broken after a retest on a TD 9 and shot to 1.80. $1.82 is the next resistance, and past that is $2.12. I am still bullish on MATIC's potential.
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.