Polygon

Coin

<ul class="news-points"> 
 <li>JB has spotted significant patterns in multiple time frames on the Polygon (MATIC) price chart.</li> 
 <li>The analyst identified a 5-wave pattern on the MATIC weekly chart that suggests a potentially significant rally.</li> 
 <li>According to JB, MATIC has entered the typical retracement area between $0.87 and $1.36.</li> 
</ul> 
JB, an analyst on the Cheeky Crypto YouTube channel, has spotted significant patterns in multiple time frames on the <a href="https://coinedition.com/tag/polygon-matic/">Polygon (MATIC)</a> price chart. The analyst identified a 5-wave pattern on the MATIC weekly chart that suggests a potentially significant rally under certain conditions. 
In an uploaded <a href="https://www.youtube.com/watch?v=8k5zLgIjPjA" target="_blank" rel="nofollow">video</a>, JB explained that MATIC performed well recently, with an impressive upside movement that tested the 50 EMA and the 50 SMA. However, he observed that the price has yet to find support on the 50 SMA, per his expectations. 
The Cheeky Crypto analyst narrowed it down to the daily timeframe, explaining that MATIC has entered the typical retracement area between $0.87 and $1.36. Despite that setup, he noted the possibility of another upside push by MATIC before the retracement sets in. 
Most of JB’s focus was on the MATIC 1-hour timeframe, where he showed that the ma…
The post <a href="https://coinedition.com/analysts-spots-significant-patterns-on-the-polygon-matic-price-chart/">Analysts Spots Significant Patterns on the Polygon (MATIC) Price Chart</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Analysts Spots Significant Patterns on the Polygon (MATIC) Price Chart

Coin Edition

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