Polygon MATIC Price News Today - Elliott Wave Technical Analysis Update, This is Happening Now!

The Polygon (MATIC) price is potentially in an uptrend, having completed three waves of a possible five-wave Elliott Wave pattern. The speaker analyzes the chart, suggesting that a further price increase is possible, potentially reaching 65 cents or higher, but with potential pullbacks along the way. However, a break below 50.6 cents would require a reinterpretation of the chart and could suggest a different wave pattern.

Elliott Wave Analysis

• 00:00:18 The speaker utilizes Elliott Wave theory to analyze the Polygon (MATIC) price chart, predicting a potential continuation of the uptrend. The chart is currently in a possible five-wave pattern with only three waves complete, indicating further price increase potential. There is also the possibility of pullbacks along the way, which could offer trading opportunities.

Price Prediction

• 00:00:36 The speaker forecasts a potential price increase in MATIC, with targets at 65 cents, 72.7 cents, and 78 cents. He also discusses a possible fourth wave correction that could present a trading opportunity. A break below 50.6 cents could invalidate the current wave count and suggest an alternative wave pattern, potentially a diagonal pattern.