Technical analysis by JWagnerFXTrader about Symbol POL: Buy recommendation (1/17/2023)

MATIC has held up well over the summer of 2022 while the rest of crypto fell.Here are 2 possible counts I'm considering that imply another rally. The first is a triangle pattern (black labels) and the second is a w-x-y combo (blue).If its the triangle, this rally is wave (d), then a brief setback in wave (e) that leads to a powerful rally.If its the combo, then the rally may have already started.There is a bearish count (not shown) that is active so long as MATIC holds below the black horizontal line.