Home POLYGON PRICE PREDICTION 2021?MATIC PRICE PREDICTION -LARGE BOUNCE & VOLUME INCREASE! – WHAT’S NEXT?

POLYGON PRICE PREDICTION 2021?MATIC PRICE PREDICTION -LARGE BOUNCE & VOLUME INCREASE! – WHAT’S NEXT?

by smart

what’s good what’s good and welcome back to invest and trade with jax so we have seen the largest bounce four polygon that we’ve seen in over a month we have seen a large spike in volume which is a beautiful sign that the bulls are stepping up to the plate we’re sitting at 1.34 billion i believe we’re around 600 million in 24 hour volume so over the last day we’ve increased significantly we’re sitting in a market cap of 5.27 billion and the current price is 82 cents we’re up almost 30 in the last 24 hours guys so we’re gonna pop into the chart here so we’re here on the one hour chart now there wasn’t much support in this area but we were selling off quite significantly here we can look on the rsi on the hourly and we were incredibly oversold no not the rsi strategy here and you can see here we’re just incredibly oversold all the way down to seven on the rsi and we had not been that low on this on the rsi for months and we’ve just had an absolutely massive bounce we’ve broken through all these levels of resistance 70 cents 74.78 so i’m just going to take these out so our next key level of resistance is up here at 87 cents which was our breakdown target from our symmetrical triangle and why i believe that’s a key level here i’ll show it to you here on the daily because if we were to come up and break that 87 level of resistance it would bring us back above the 20 ema currently the 20 ema is sitting at about 92 cents so if the bulls were to continue to push the price upwards and we got back above the 20 ema that would be a beautiful signal you can see here that has been the most significant bounce for basically almost two months that’s the most significant green candle that we’ve seen in a 24 hour period which is a good sign we’re seeing that increase in volume we’re back above the emas here on the daily let’s quickly look at the four hour chart so you can see we’re even back above the 20 ema on the four hour chart and we haven’t been above the 20 ema we were a little bit here in back in june june 29th however before that the last time we were back above the 20 ema was back on june 15th so over a month ago so if the bulls can continue this we get back above the 55 ema we break through 87 cents and we get back above the 20 ema on the daily that would be a beautiful signal of continuation here so a nice little increase in volume but i do think it’s very very key for us to get back above 87 cents if we get rejected here let’s put it back onto the one hour where we come up we hit 87 cents we get rejected we hit resistance and that’s when you can just see that continuation and it’s just a little bit of a bounce before more continuation to the downside and i had dropped in that level of support let’s put it back onto the four hours so it’s more visible for you guys which was a previous swing high down here at about 54 cents so we’ll quickly pop over to ethereum so we did have that bear flag we did break down a little bit but there was a throwback and we broke back above that key level of resistance here at 1815. now your next key level is back up here at 2034 if we quickly pop it open here on the daily chart you can see all the support we had in that area also acted as a level of resistance at 2034 and same with matic if we were to break that level of resistance we’d get be getting back above the 20 ema on the daily which would be absolutely crucial here for continuation to the upside because because if we come up and we hit as resistance and we get rejected once again or we break above and we fall back through it that’s when you see that continuation here to the downside but what may happen is we create a double bottom where we come down we have our bottom we come up we have our second bottom so we can drop in this neckline if you do see the bulls continue to push the price up and you were to break through this neckline here at two three three two and you see a large increase in volume that would be a beautiful long trade opportunity here that would bring you up wow that would be a continuation of the boron we’d be breaking through so many kilos of resistance at 2934 you can see it would bring us right back up to breaking this level of resistance of our ascending triangle which would be an incredible signal of a continuation in the bull run but let’s not get too excited just yet guys what can happen is we bounce we come up we bounce we fail to create a higher high and we roll over once again that is a possibility here so let’s take it day by day and see if we can break back above the 20 ema here on the daily for ethereum so we’ll end the video with matic 87 cents in my opinion is a major level to break through here and that will lead us to getting back above the 20 ema on the daily and that would be a strong sign of continuation but until then if we get rejected if we start hitting resistance at that 87 cents if we get rejected on the 20 ema on the daily as we’ve been getting rejected for two months now then you’ll see that rollover and that continuation to the downside but this is the most significant green candle the most significant pump here that we’ve seen in the last 24 hours in over a month and a half so that is a strong signal we are seeing that increase in volume so look for us to break above 87 cents and break above the 20 ema for continuation and then if we do hit resistance then do expect that rollover and that continuation to the downside all right guys just a quick update for polygon hope it brought you some value make sure to smash that like button check out buy bit receive up to 600 in bonuses check out the discord follow me on instagram and i’ll see you in the next one much love take care


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POLYGON PRICE PREDICTION 2021?MATIC PRICE PREDICTION -LARGE BOUNCE & VOLUME INCREASE! - WHAT\'S NEXT?
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