A bull flag setup of Polygon’s MATIC shows the profit target to be nearly 100 percent of its present price. Presently the technical indicators and very strong fundamentals suggest that the trading price of M could increase two folds by December 2022 or by early 2023
Polygon’s MATIC Gets High-Profile Clients
Nubank, a Fintech Co., from Brazil, announced that it had chosen Polygon’s supernets technology for its Nucoin, Nubanks’s digital token and Blockchain. Nubank is backed by Berkshire Hathway and Softbank which is owned by Warren Buffett. The M price shot up close to 6.5 percent soon after the announcement was made public.
MATIC was trading at 0.90 USD. Highest in the last 21 days.
Polygon Supernets provide an easy solution to companies who look to develop their own native chain. Earlier GameSwift had used Polygon Supernets service to bring out its own custom blockchain. With demand for the product of Polygon growing up, there could be chances of Its digital coin, its native token growing up too as it is used within the ecosystem of polygon blockchain as a utility and staking asset.
With Nubank News surfacing BTC price trend looks very bullish and the emerging trading pattern looks very much like a bull flag.
Bull Fag is a term that could be best described as a chart pattern that occurs when a stock is in a strong uptrend. It is called a flag pattern because when you see it on a chart it looks like a flag on a pole and since we are in an uptrend it is considered a bullish flag.
Studying the pattern it looks like a MATIC flag, it looks like it could easily trade at around USD 1.85 which is nearly double its current trading price. And it could very easily reach there by December 2022 or in a few months into 2023.
