Score 7.8 (out of 10): MATIC-USD (Polygon) sets up for +12.1% rally in 2 weeks

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What’s Going On Here?

Polygon TVL has increased by $500 million within a week with the platform currently sitting at a TVL of $2.09 billion. Polygon has also recently signed a gaming partnership with Catheon Gaming – with this association, the two parties would commit to bringing quality entertainment, while developing gaming to the blockchain. 

Why Now?

MATIC-USD has triggered a new price range signal. During similar occasions, MATIC-USD shares had a median return of +12.1%, over the following 2 weeks – based on 10 historical occasions with 7 of those showing positive returns (70%). This buy signal for MATIC-USD received a high score of 7.8 (out of 10). This insight was generated on 2022-August-19 with last price of 0.771653.

What’s This Company About?

MATIC-USD is in the Crypto business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky.

What’s My Risk / Reward and Time Horizon?

We found 2 weeks to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 0.86 (+12.1%) has been reached. Based on MATIC-USD’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 0.67 (last price at 0.771653), which is equivalent to a -13% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

3.5% (April-2022), -3.2% (January-2022), 14.3% (November-2021), 20.9% (September-2021), -2% (June-2021), 25.2% (December-2020), -4.6% (October-2020), 9.8% (July-2020), 45.9% (February-2020), 18.9% (August- 2019).

Historical Chart:

Summary:

NameMATIC-USD (Polygon)
ViewUp
Star (1 to 10)7.8
Target12.1%
Time2 weeks
Hit Rate70%

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