Polygon course brings the golden ratio support, but recovers over the 50-monthema

Polygon course brings the golden ratio support, but recovers over the 50-monthema

Polygon (Matic) Course - Current Development and Outlook

The polygon (Matic) course has undergone some interesting developments in the past few weeks. In this article we will take a close look at the course of the course and discuss possible future scenarios.

In order to understand the current status of the course, we first look at the daily type. Here is a so-called "Death Cross" of the EMAS, which indicates a short to medium-term bear trend. The MACD lines, on the other hand, are over -crossed and the histogram of the MacD is currently ticking bullly. These signals could indicate that the course will experience an upward movement in the near future.

Furthermore, polygon is currently in a parallel upward channel, which could also indicate a potential continuation of the upward trend. However, a bearish resistance could prevent the course at around 0.7624 USD and the 50-week MA at around $ 0.95.

In the 4-hour chart we see that the EMAs are also over-crossed and thus confirm the short-term trend bear. However, these EMAs are closely approaching, which could indicate an early “Golden Crossover”. Such a crossover would confirm the short -term trend bullish. The histogram of the MacD is already ticking bullly and the MacD lines are crossed bullish. The course is also about to break through the resistance of the 200-4h EMAS at around $ 0.7.

In terms of the course in Bitcoin (BTC), Polygon has achieved horizontal support between around 0.00002118 BTC and 0.00002493 BTC. Here the course was able to bounce off the 50-monthema at around 0.00002025 BTC Bullisch and is currently in a support zone. However, the histogram of the MacD has been showing a bearish tendency for several months and the MacD lines have been crossed in the monthly tart. The RSI does not give any clear signals. If the current support breaks, the course could be strong. If the levels of support, on the other hand, have the possibility of a new increase in the resistance area between around 0.00005 BTC and 0.000065 BTC. This resistance has already rejected the course four times in the past two years.