Can Matic reach a new all-time high in December?

Polygon (MATIC/USD) is one of the few coins that has survived the market-wide correction. This is shown by the Stärke of Matic and that Matic, as soon as the correction is over, could start a huge rally. Holding in a market where many coins have fallen by over 50% is a big sign that the banks are very strong and the coin is in a very bullish phase. Investors are now looking for an entry into Matic, hoping for a new all-time high soon. Matic has also formed a bullish hammer in the weekly timeframe, suggesting that a bullish rally could soon be seen. However, investors are now considering whether it is too late to buy Matic. Should you buy Matic now?

Here’s what the charts indicate:

  • After a sharp rally earlier this month, it looks like würde Matic will correct itself before resuming its rally and before reaching a new all-time high.

  • Matic has made up for all its losses that occurred when Bitcoin (BTC/USD) fell in early November. This suggests that Matic is in a very bullish phase and could soon start a bullish rally. Therefore, the probability that Matic fällt, for the Verkär banks is very low.

A look at the weekly timeframe:

  • Matic has formed a very bullish pattern known as a volatility contraction pattern. This indicates a very soon massive Upwärts movement.

  • In addition, a bullish hammer has formed, which shows that the Verkäbanks have failed and the Käbanks are currently very strongly represented.

  • Investors can set a new all-time high as a goal.

  • Investors should still be careful and set a stop loss.

Can Matic reach a new all-time high in December? appeared first on Coin Hero.

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