The Last Good One Left

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-X).

I will say this, however. There used to be plenty of crypto charts which 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 Powell isn’t using anymore, “transitory.”