POL (ex-MATIC) Approaching the 200-Day Moving Average
Hello, dear readers, and happy Thursday!
As the week comes to an end, I hope you’re all making the most of it.
Today, we’re looking at the Polygon Ecosystem Token on the daily chart. The price is approaching the 200-day moving average (200MA) and the 0.236 Fibonacci retracement level. While upside volume is beginning to lose momentum, this could be a positive sign if we consider the bull flag pattern forming with support along the black line. Typically, volume tends to drop before a significant move triggered by price patterns.
This one is definitely worth monitoring in the future.
Thank you for reading, and happy trading!
As the week comes to an end, I hope you’re all making the most of it.
Today, we’re looking at the Polygon Ecosystem Token on the daily chart. The price is approaching the 200-day moving average (200MA) and the 0.236 Fibonacci retracement level. While upside volume is beginning to lose momentum, this could be a positive sign if we consider the bull flag pattern forming with support along the black line. Typically, volume tends to drop before a significant move triggered by price patterns.
This one is definitely worth monitoring in the future.
Thank you for reading, and happy trading!
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