Polygon can hit $3.50 in Q4 as MATIC’s 20% weekly rally triggers bull flag setup
MATIC retested the bull flag’s upper trendline as resistance Friday after its price rose by up to 30%. Polygon (MATIC) has the potential to reach $3.50 by the end of this year as it charts a pattern that’s starting to resemble a bull flag.In detail, bull flags are bullish continuation patterns that emerge when the price consolidates following a strong move higher. In doing so, the price tends to trend lower while leaving behind a sequence of higher lows and lower lows.A breakout occurs when the price closes above the flag’s upper trendline (or resistance). In other words, the price can....
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GMT is booming amid warnings that its 38,000% price rally since inception could end up being an "absolute joke." STEPN (GMT) has rallied strongly against the U.S. dollar this week as it looks likely to form a classical bullish technical pattern called the "bull flag."GMT eyes more upsideGMT's price rose 30% week-to-date, including a strong rally to establish an all-time high near $3.85 followed by a relatively modest correction to nearly $3. In particular, the correction phase occurred inside a descending parallel channel, raising possibilities that the price would eventually break out of....
Polygon’s list of high-profile partners is getting longer, with Disney, Starbucks and Robinhood already boarding its blockchain. Polygon (MATIC) emerged as the best-performing asset among the top-ranking cryptocurrencies on Nov. 3 as the market’s attention turned to the latest Instagram and JPMorgan announcements.Polygon in high-profile partnershipsNotably, Meta, the parent company of Instagram, named Polygon as its initial partner for its upcoming nonfungible token (NFT) tools that allow users to mint, showcase and sell their digital collectibles on and off the social media....
An analyst has explained a dream scenario for XRP based on a Bull Flag that the cryptocurrency has potentially been following on the monthly chart. XRP Could Be Trading Inside A Bull Flag Pattern In a new post on X, analyst Ali Martinez has discussed about how XRP has been forming a Bull Flag recently. The “Bull Flag” is a type of Flag from technical analysis (TA). Related Reading: XRP Jumps To $2.56 Despite 240% Increase In Profit Taking A Flag pattern looks like, as its name suggests, a flag on a pole. A consolidation channel with two parallel trendlines forms the....
Ethereum risks dropping to $3,200 as its latest ETH price decline triggers a classic bearish setup. Ethereum's native token Ether (ETH) looks poised to extend its selloff this week as it wobbles near a key support level of $4,000.ETH price dropped by over 5.50% on Dec. 6 to an intraday low at $3,913. In doing so, it slipped through upward sloping support that constituted an Ascending Channel that — more or less — appears like a Bear Flag, a bearish continuation setup.ETH/USD daily price chart featuring Bear Flag setup. Source: TradingViewConservative traders typically spot Bear Flags when....
Crypto analyst Luke has drawn attention to an XRP bull flag breakout, which could send the price to $11, which would mark a new all-time high (ATH) for the altcoin. This comes as the altcoin faces further downside amid the U.S.-Iran war, which threatens to drag on for a long time. XRP Eyes Rally To $11 Amid Bull Flag Breakout In an X post, Luke stated that a bull flag breakout is forming on the XRP weekly chart, with the target being $11. The analyst noted that this is a textbook bull flag after the 8-month consolidation. A pole height measured move points to a rally to exactly $11 while....