In this episode of NewsBTC’s daily technical analysis videos we are looking at MATIC following a more than 10% intraday move on the back of the announcement that META would use Polygon for Instagram NFTs. Take a look at the video below: VIDEO: Polygon Price Analysis (MATICUSD): November 3, 2022 The continued strength from MATIC has the altcoin’s momentum turning up yet again on the daily, strengthening on weekly timeframes, and only three days away from the 2-week timeframe crossing bullish. Related Reading: Litecoin Recovery To End Ongoing Crypto Darkness? LTCUSD November 2, 2022 MATIC Gives Golden Cross Signal On Daily Technical indicators on the daily chart exhibit strength relative to the rest of the crypto market. For example, price is above the mid-Bollinger Band and tagging the upper band; it is well above the Ichimoku cloud, the tenkan-sen and kijun-sen; it has struck the Parabolic SAR; and pushed above the 50, 100, and 200-day moving averages. Most importantly, there is a golden cross on the daily. The last time there was a daily golden cross on MATICUSD, the cryptocurrency rallied by more than 13,000%. The Bollinger Bands are the tightest in five years | Source: MATICUSD on TradingView.com Related Reading: Bitcoin And The Dollar Reach Inverse Inflection Points | BTCUSD November 1, 2022 Elliott Wave Theory Hints At Coming Polygon Rally Low timeframe Elliott Wave Theory counting could suggest that MATIC...
$30 Million Worth XRP Traded in 30 Minutes
