Hodl, dear members of LeoFinance!
Today, I would like to comment on the price chart of Polygon.
In the monthly chart (MN), MATIC/USD recorded the highest closing price in October:
As can be seen from the chart, the closing price is higher than the one of the previous local high. So, this is a bullish signal confirming the uptrend.
Similarly, in the weekly chart (1W), last week, MATIC/USD recorded the highest closing price as well:
So, this is an additional bullish signal in the weekly chart (1W), confirming the uptrend.
Moreover, in the daily chart (1D), MATIC/USD has started to draw an Ascending channel (uptrend):
In my view, as long as the price remains in the channel the uptrend will remain in place.
To be continued ...
As of the time of writing, one MATIC costs $1,889 on the Binance crypto exchange, according to TradingView.
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last 15 years, and as a cryptocurrency analyst for the last 4 years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.
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