Technical analysis by CryptoStation about Symbol POL: Buy recommendation (7/22/2022)

MATIC has completely conquered the $0.8 zone and it is slowly forming the next bullish pattern to move towards the $1.2-1.3 zone (probably a Symmetrical Triangle pattern).We can accumulate MATIC as close to the $0.7-0.8 zone as possible because this is the support that MATIC will be hard to lose. Even if MATIC continues to move sideways in the near term, it will still approach this zone in mid-August to rally to the $1.2-1.3 zone.However, a bad case happens if MATIC loses the $0.7-0.8 zone, we will buy it back at $0.4-0.5 because this is the area where the big money flow has appeared since the beginning of this July and it can be supported by Ichimoku cloud