The weekly price trend structure of Polygon Matic is Intact. When Bitcoin dumped, Polygon Matic did follow suit; however, the weekly structure of the token was intact. Bitcoin lost the weekly structure with the 21-day EMA. Cardano, Ethereum Classic, Ethereum held their weekly structures.
On a 4-hour time frame, when the trends for polygon were filtered only by longs and most volume, there seems to be a bullish long trend change that is one hour long. Further, on a 12-hour time frame, the trend was neutral.
If you are looking for the trends to change, the trend usually gets established on the lower time frames and then on the higher time frames. And then it cascades over to the higher time frames.
With a long signal on a 4-hour time frame, when trying to identify the trend repeat on the 12-hour time frame, when it starts putting in the long signal in the 12-hour frame, it will put in an uptrend. When the cascade happens that is a sign of an uptrend being established? In the candlestick chart, Matic had a bullish close last week.
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Also, trending are Ethlings. Ethlings are NFTs that are customizable on the blockchain. They are launched on Polygon through community voting, saving, $150k in gas in 2 days while customizing their NFTs!
The interesting thing is that it works like mint once and customize forever. When you mint an Ethling you get an avatar, random species &subtype which is OpenSea and ERC-721 Compatible. Users can Trade wearable NFTs and customize your Ethling.
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