Polygon Price Prediction - Do We Have a Good Entry Point Right Now?

In our last Polygon price prediction , we wrote that the price could probably increase by around 50% soon. The reason for the finding was an ascending triangle as well as an ascending trend channel. Both formations broke out in a bearish manner, which is why the price fell sharply. Another reason for the crash was the general crypto crash. Not only the crypto market has crashed. The stock market has also fallen sharply. The S&P500 has lost about 10% in the last few weeks.

Polygon price has fallen to the GoldenPocket of the last full up move. This was more of a bullish price action as we were on the 100ext. have bounced off. From this point it is common for prices to fall to the GoldenPocket and then complete the ABC sequence.

If the Polygon course fails to hold the GoldenPocket, we would assume more bearish courses. We think the price will break the support around $1.266 and drop to $1 in hindsight. There is the psychological $1 level and a horizontal support. Should the Polygon course hold the GoldenPocket, there is a chance that we will rise to the ultimate goal of the ABC sequence. This is between $5 and $6. The intermediate goals are still the resistances. These are located at $2,443 and $1.7 – $1.85. Should the two resistances break, we are confident that we are heading towards the final target

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