$MATIC has held up well and may be poised for more gains
MMATIC has held up well over the summer of 2022 while the rest of crypto fell.
Here are 2 possible counts I'm considering that imply another rally. The first is a triangle pattern (black labels) and the second is a w-x-y combo (blue).
If its the triangle, this rally is wave (d), then a brief setback in wave (e) that leads to a powerful rally.
If its the combo, then the rally may have already started.
There is a bearish count (not shown) that is active so long as MATIC holds below the black horizontal line.
Here are 2 possible counts I'm considering that imply another rally. The first is a triangle pattern (black labels) and the second is a w-x-y combo (blue).
If its the triangle, this rally is wave (d), then a brief setback in wave (e) that leads to a powerful rally.
If its the combo, then the rally may have already started.
There is a bearish count (not shown) that is active so long as MATIC holds below the black horizontal line.
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seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
EW Express - bit.ly/elliottwaveexpress
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