Technical analysis by InvestingScope about Symbol POL: Buy recommendation (9/13/2024)

MATIC is bearish both on its 1D as well as its 1W technical outlook (RSI = 35.379, MACD = -0.094, ADX = 47.085). Cyclically, these indicator levels are solid buys on Polygon as it is significantly undervalued below the 1W MA50. The S1 and HL trendline offer the strongest support levels possible and in the prior Cycle this is where the token started the Cycle's rally to a new peak. Our target is slightly under the 2.0 Fibonacci extension and the HH trendline (TP = 4.5000).See how our prior idea has worked out:## If you like our free content follow our profile to get more daily ideas. #### Comments and likes are greatly appreciated. ##