✴️ Polygon Classic Double Bullish Divergence, Bottom Signal

19 set 2023

Polygon (MATICUSDT) is moving today above EMA10 and EMA21, the indicators that gauge the short-term potential for any Cryptocurrency trading pair.

As soon as a pair is trading daily above EMA10/21, the potential is definitely and always bullish. If the pair trades below these indicators, the short-term potential favors the downside or bears.

The signal I am calling to your attention is the classic bullish divergence, it comes up before a market is about to turn. I call it "double" because here it shows up with the MACD and RSI at the same time.

We can see MATICUSDT producing a lower low (Sep. vs June), while the indicators produced a higher low...

RSI


MACD


Of course, this is only a valid signal because we are taking the entire Cryptocurrency market into the equation, we consider the trend, what other pairs are doing, the volume, market cycle, Bitcoin, geo-politics, astrology, the Stock market and how it all interacts together to make this call.

Since the rest of the constellation of factors are bullish, we can also call this pair bullish with a high degree of success as the final result.

Signals need to be considered in the context of the broader market, this can lend them additional strength and support.

Thank you for reading my dear friend, I truly appreciate your amazing and continued support.

Namaste.