MATIC Polygon Downward Price Target
Today I am reviewing the 1D (daily) chart for Polygon (MATIC) on a linear scale.
The price has been dropping with the overall crypto market dropping led by Bitcoin (BTC) and Ethereum (ETH).
I am showing the Fibonacci level of 0.382 around $1.17-$1.18, where the price may also meet the trendline (in red). This would be a 22% drop from current price levels.
Also keep an eye on the RSI ( relative strength index ) as we may have potential to get back to touch the trendline.
What are your opinions on this? I love reading your comments below.
Check out more below for recent Altcoin, Bitcoin , Stock and Commodities Ideas.
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
The price has been dropping with the overall crypto market dropping led by Bitcoin (BTC) and Ethereum (ETH).
I am showing the Fibonacci level of 0.382 around $1.17-$1.18, where the price may also meet the trendline (in red). This would be a 22% drop from current price levels.
Also keep an eye on the RSI ( relative strength index ) as we may have potential to get back to touch the trendline.
What are your opinions on this? I love reading your comments below.
Check out more below for recent Altcoin, Bitcoin , Stock and Commodities Ideas.
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
I chart on Tradingview: www.tradingview.com/symbols/BTCUSD/?aff_id=25106
I hold crypto on Ledger Hardware: shop.ledger.com/?r=9f683f228f19
I find value in the data from LuxAlgo:
www.luxalgo.com/pricing?rfsn=6252565.5f61bd
I hold crypto on Ledger Hardware: shop.ledger.com/?r=9f683f228f19
I find value in the data from LuxAlgo:
www.luxalgo.com/pricing?rfsn=6252565.5f61bd
