Home Altcoins News Is Polygon Matic a Stand Out? Altcoins Pumping While Bitcoin Dumps

Is Polygon Matic a Stand Out? Altcoins Pumping While Bitcoin Dumps

Polygon Matic

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.

Polygon recently expressed:  Launching an IDO on Polygon just got easier with Polkastarter!  Polkastarter brings Polkastarter IDOs and fixed swaps on Polygon to make IDOs faster, cheaper, and multi-chain.

The IDO is all about decentralizing the way your ideas raise capital.  Be the first to join Polkastarter, a Protocol built for cross-chain token pools and auctions, enabling projects to raise capital on a decentralized and interoperable environment based on Polkadot.

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.

Metaverse capabilities are coming soon:  Bring your Ethling with you anywhere. This isn’t just another avatar project. This is your personal representation on the blockchain.

 

 

 

 

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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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