A Leading Cryptocurrency Analyst Warns Polygon Holders
Login

A Leading Cryptocurrency Analyst Warns Polygon Holders That MATIC May See Drastic Corrections

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Owners of Polygon are being addressed by a crypto analyst who has recently gained popularity for making correct predictions about Bitcoin and other cryptocurrencies (MATIC). According to analyst Capo, who goes by the pseudonym of Capo, MATIC is most likely set to have a 68.75% decline after respecting supply level at $1.24.

Capo notes that unless MATIC falls under $0.30, there is no strong support level. Regarding the cryptocurrency markets in general, Capo claims he anticipates a harsh decline phase during which cryptocurrencies will often lose 40% to 50% of their value.

Key MATIC Levels to Watch – November 14

Three black crows have formed to reveal the selling pressure of the bulls to seek liquidity. Relatively equal lows at $0.720 appear to be a close target for Bears.
A Leading Cryptocurrency Analyst Warns Polygon Holders That MATIC May See Drastic Corrections The Parabolic SAR (Stop and Reverse) has formed a few points above the last candles to signify bearishness in the market. The daily candles have also dropped below the Moving Averages (periods nine and twenty-one) to indicate bearishness in the market.

The first major level at $0.940 has been violated by an impulsive move downward. Bears would seek to drive the price to a lower demand level at 0.720.

Polygon Key Levels

Resistance Levels: $0.940, $1.300
Support Levels: $720, $0.320

Total Market Capitalization: $811.8B
Polygon Market Capitalization: $7.6B
Polygon Volume: $708.3M
Market Rank: #10

You can purchase Lucky Block here.  Buy LBLOCK

NoteLearn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News