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Polygon (MATIC)

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Polygon needs no introduction; a versatile platform which offers various solutions. Recent news about collaboration between Google Cloud and Polygon shows where this project is headed. Technical-wise, Polygon is moving in a upward inverted wedge. Have to wait and see if price can break the all time high (the double top level). Let's see what happens.
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Snapshot

MATIC broke the descending triangle pattern.
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MATIC also broke the major downtrend line and is going up.
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So, MATIC couldn't break the major downtrend line before and made a false breakout. Let's see if this time, MATIC can break this line or not.
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So, MATIC went down and reached the major horizontal support area. It seems a big triangle pattern is unfolding and currently MATIC is at the bottom. Jasu have to wait for MATIC to break the minor downtrend line. Let's see what happens.
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Snapshot
So, MATIC broke the downtrend line and is going up toward the big triangle's upper line. Let's see if MATIC can break this triangle upward or not.
Chart PatternsCryptocurrencymaticpolygonTrend Analysis

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