✴️ Polygon Goes Bearish

17 Des 2023

There is no need to speculate here as the move that I am about to describe is already happening.

Polygon (MATICUSDT) is dropping below EMA10 on a Sunday (bad news).
Monday can start as full red.

➖ Trading volume stopped completely after the 14-November high.
➖ Even worse, the peak that followed mid-December is a lower high.
➖ The RSI is bearish...

👉 Prepare for the drop!

The main two levels are mapped on the chart but it can go lower... It doesn't make much difference. After the correction Polygon will resume growing and do great in the second part of 2024.

This is a normal correction that we have been expecting, 2024 will be a great year overall but there is some pain to go through at the beginning, in the latter parts it will be great.

👉 Prepare before hand.

With tends of thousands of Altcoins and trading pairs, there will be many, many, many growing while the big ones retrace. Each chart/pair needs to be looked at individually, we cannot generalize in this market phase.

Thank you for reading.
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Namaste.