MATICUSDT-A MASSIVE TRIANGLE THAT WILL LEAD TO AN EXPLOSIVE MOVE
Hello global traders and investors!
- A brief overview of the MATICUSDT price chart reveals over 750 days of sideways movement since the peak in December 2021, forming an Elliott Wave Triangle(contracting) Pattern.
- The Elliott Wave Triangle, a corrective pattern, features converging trendlines forming a contracting shape. Comprising five labeled waves (A, B, C, D, and E), each wave is subdivided into three smaller waves. Triangles usually appear in the fourth wave of an impulse or wave B of an ABC zigzag.
- A breach above the (d) triangle extreme at 1.0930 indicates the pattern's conclusion. The post-triangle thrust measurement suggests a potential price movement to $6.5 in the upcoming weeks.
- As always if you find this analysis helpful, please don't forget to leave a like, comment and hit the follow button. Till next time, trade safe and may the market favor you
