MATIC, Determining Descending-Triangle, Destinies Once Complete!

Hello,

Welcome to this analysis about MATIC and the daily timeframe perspectives. In recent times the divergence between certain cryptocurrencies is increasing more and more and this is why it is highly pivotal to differentiate the different setups as there are more bullish setups while there are also higher likelihood bearish setup determinations. With MATIC I detected that it is forming a interesting formation that can show up with bullish determinations once completed. Therefore as when looking at my chart we can watch there how MATIC develops this main descending-triangle-formation with the coherent wave-count within almost completed and the final wave E remaining to appoint to the finalization of the wave-count approaching the major lower-boundary support-zone marked in my chart in orange within the lower boundary. Once MATIC reaches out this zone and manages to bounce within there this will be the appropriate origin of a breakout above the upper boundary of the formation and when this finally happened it will point to the completion of the formation as well as activate the further target-zones marked in my chart within the 2.35 USD level, once these targets have been reached it has to be elevated how MATIC moves on from there and if there comes a continuation in the structure and how this can evolve. For now MATIC is showing some great potentials especially when the whole formation finally completes as expected, it will be an interesting dynamic ahead.

In this manner, thank you for watching the analysis, all the best!
"Good fortune is when opportunity meets preparation."

Information provided is only educational and should not be used to take action in the markets.