Polygon Analyze (Road Map, 03/14/2023)!!!๐บ๏ธ
Today let's take a look at Polygon project ๐บ๏ธroadmap๐บ๏ธ in daily time frame.
First, let's take a look at the fundamental.
Fundamental:
Polygon is a layer-2 scaling solution for Ethereum which aims to address the scalability issues on the Ethereum network by providing faster and cheaper transactions. Polygon utilizes a network of sidechains to enable fast and secure transactions, allowing users to transfer assets between Ethereum and other networks.
Polygon has a strong development team that is dedicated to improving the network and expanding its capabilities. This is evidenced by the frequent updates and upgrades to the network that are aimed at improving its scalability, security, and functionality.
It also has strong partnerships with notable players in the blockchain industry, such as Aave, Curve, and Chainlink, which increases its credibility and reputation.
Overall, the combination of strong partnerships, a dedicated development team, and impressive growth make Polygon a promising project in the blockchain industry.
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Technical:
It seems that Polygon has started to form a zigzag correction(ABC/5-3-5) after completing its 5 impulse waves in the ๐ดresistance zone($1.488-$1.249)๐ด, so that wave A has ended on the important uptrend line.
๐ขCurrently, the Polygon is moving in the Time Reversal Zone (TRZ) and near the resistance zone.
๐ขPolygon can also form the fan principle at top pattern.
๐ขIn addition, the sell signal is created by the 50-SMA and 50_EMA.
๐ขThe RSI indicator is also rejected from the 50% line and above the descending channel.๐
๐I expect the Polygon to decrease to the ๐ขsupport zone($0.77-$0.69)๐ขafter the important uptrend line breaks.
Polygon Analyze ( MATICUSDT ) Daily Time frameโฐ.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
First, let's take a look at the fundamental.
Fundamental:
Polygon is a layer-2 scaling solution for Ethereum which aims to address the scalability issues on the Ethereum network by providing faster and cheaper transactions. Polygon utilizes a network of sidechains to enable fast and secure transactions, allowing users to transfer assets between Ethereum and other networks.
Polygon has a strong development team that is dedicated to improving the network and expanding its capabilities. This is evidenced by the frequent updates and upgrades to the network that are aimed at improving its scalability, security, and functionality.
It also has strong partnerships with notable players in the blockchain industry, such as Aave, Curve, and Chainlink, which increases its credibility and reputation.
Overall, the combination of strong partnerships, a dedicated development team, and impressive growth make Polygon a promising project in the blockchain industry.
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Technical:
It seems that Polygon has started to form a zigzag correction(ABC/5-3-5) after completing its 5 impulse waves in the ๐ดresistance zone($1.488-$1.249)๐ด, so that wave A has ended on the important uptrend line.
๐ขCurrently, the Polygon is moving in the Time Reversal Zone (TRZ) and near the resistance zone.
๐ขPolygon can also form the fan principle at top pattern.
๐ขIn addition, the sell signal is created by the 50-SMA and 50_EMA.
๐ขThe RSI indicator is also rejected from the 50% line and above the descending channel.๐
๐I expect the Polygon to decrease to the ๐ขsupport zone($0.77-$0.69)๐ขafter the important uptrend line breaks.
Polygon Analyze ( MATICUSDT ) Daily Time frameโฐ.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
์ฝ๋ฉํธ:
TRZ worked
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๐if you want to learn Technical Analysis = Please Contact me
๐if you want to learn Technical Analysis = Please Contact me