MATIC-USD: Trading the start of the Polygon bull market
Polygon/MATIC has completed a large Elliott wave triangle in completion of the Cycle wave four correction that has been in progress since the end of the 2021 bull market.
The first five-wave sequence in Cycle wave five has brought the market up to just over the one dollar mark, where it also broke the triangle trend line in confirmation of the end of the correction.
The market is now correcting the first bullish wave, in hopes of a reversal soon to start a new up trend for the 2024 bull market.
The first five-wave sequence in Cycle wave five has brought the market up to just over the one dollar mark, where it also broke the triangle trend line in confirmation of the end of the correction.
The market is now correcting the first bullish wave, in hopes of a reversal soon to start a new up trend for the 2024 bull market.
The assignment of wave E, the last wave of the large multi-year triangle correction has been confirmed and the fifth wave is clearly underway out of the correction area. The market has broken the psycological level of one dollar. Trading should continue for completion of wave 5 in intermediate degree and Primary One.