Polygon (MATICUSDT) - Coin of the Week
Polygon (formerly Matic Network) is the first well-structured, simple-to-use Ethereum scaling and infrastructure development platform. Polygon SDK, the framework's basic component, is a modular, versatile framework that can be used to create a variety of apps. Polygon basically turns Ethereum into a fully functional multi-chain system (aka Internet of Blockchains). This multi-chain system is similar to others such as Polkadot, Cosmos, Avalanche, and others, but with the security, lively ecosystem, and openness of Ethereum.
Technically, Polygon now moves between 2 areas, one of support and one of resistance. The higher probability move that we forecast now for this pair is a move to the upside to reach at least the resistance area marked on the chart at 2,20 USDT.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Technically, Polygon now moves between 2 areas, one of support and one of resistance. The higher probability move that we forecast now for this pair is a move to the upside to reach at least the resistance area marked on the chart at 2,20 USDT.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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