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The Last Bullish Crypto

By Tim KnightCryptocurrencyDec 08, 2021 03:31PM ET
www.investing.com/analysis/the-last-bullish-crypto-200610930
The Last Bullish Crypto
By Tim Knight   |  Dec 08, 2021 03:31PM ET
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OMG/USD
-5.56%
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MATIC/USD
-1.10%
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Although my interest in crypto has experienced its own kind of bear market (psychologically speaking), there is still one (and only one) crypto chart that I can still say, with a straight face, is bullish. It is Polygon MATIC.

Polygon Daily Chart.
Polygon Daily Chart.

I will say this, however. There used to be plenty of crypto charts that I could declare as bullishly-configured, but almost every one of them failed. To be fair, I still believe this entire sector is as chart-friendly as I’ve always said, and they certainly gave ample warning that they were failing. But my point is that these bullish set-ups have been, to borrow a word that Fed Chair Jerome Powell isn’t using any more, “transitory.”

OMG Network:

OMG Daily Chart.
OMG Daily Chart.

The Last Bullish Crypto
 

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The Last Bullish Crypto

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Comments (5)
Festus Kipkurui
Festus Kipkurui Dec 09, 2021 4:42PM ET
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true sir
Shahin Alom
Shahin Alom Dec 08, 2021 11:31PM ET
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hello
Loudermilktits Loudermilktits
Loudermilktits Dec 08, 2021 10:04PM ET
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Not a single crypto chart looks good... Chilled stance from the govt coupled with every bull that has cashed out already and are just playing the charts. Anyone buying in now for a long hold will be a baggie for a long time.
Luis Moyano Molina
Luis Moyano Molina Dec 08, 2021 8:12PM ET
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AABB
Tom Tipton
Tom Tipton Dec 08, 2021 7:55PM ET
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XYO is more bullish
 
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