$MATIC has held up well and may be poised for more gains
MMATIC has held up well over the summer of 2022 while the rest of crypto fell.
Here are 2 possible counts I'm considering that imply another rally. The first is a triangle pattern (black labels) and the second is a w-x-y combo (blue).
If its the triangle, this rally is wave (d), then a brief setback in wave (e) that leads to a powerful rally.
If its the combo, then the rally may have already started.
There is a bearish count (not shown) that is active so long as MATIC holds below the black horizontal line.
Here are 2 possible counts I'm considering that imply another rally. The first is a triangle pattern (black labels) and the second is a w-x-y combo (blue).
If its the triangle, this rally is wave (d), then a brief setback in wave (e) that leads to a powerful rally.
If its the combo, then the rally may have already started.
There is a bearish count (not shown) that is active so long as MATIC holds below the black horizontal line.
Are you ready to learn Elliott Wave? Take our Free Elliott Wave Readiness Assessment: bit.ly/EWreadinessquiz2
seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
EW Express - bit.ly/elliottwaveexpress
seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
EW Express - bit.ly/elliottwaveexpress
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.