<p>Matic Network&nbsp;(Binance: MATICBTC) has broken out of the triangle pattern in the four-hour chart.</p>
<img src="https://i.postimg.cc/FRxPbBZH/nimet-n2.png" alt="" />
<p>(<em>Chart courtesy of <a href="http://tradingview.com">Tradingview.com</a> (log scale)</em>)</p>
<p><strong>Elliott Wave Analysis</strong></p>
<p>In Elliott Wave terms,&nbsp;Matic began a wave one advance on April 26. The red wave one finished on April 26, and the red wave two correction ended on May 10. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on May 21, and the red wave four (blue sub-waves a-b-c) correction ended on June 3. If this wave count is correct,&nbsp;Matic should be heading next towards the May 21 peak in the red wave five.</p>
<img src="https://i.postimg.cc/cJh5yJKc/nimet-n3.png" alt="" />
<p>(<em>Chart courtesy of <a href="http://tradingview.com">Tradingview.com</a> (log scale)</em>)</p>
<p><strong>Funnymentals</strong></p>
<p>Matic Network brings scale to Ethereum using an adapted version of Plasma with PoS based side chains. The Crypto Lark interviewed the co-founder last month.<br></p>
<div class="wp-block-embed__wrapper">
https://youtu.be/lqu9RawKISM
</div>
<p>(<em>Sources: <a href="https://matic.network/">Matic Network </a></em>and <a href="https://youtu.be/lqu9RawKISM">YouTube</a>)</p>
<img src="https://i.postimg.cc/W4BLNYHY/steemverify.png" alt="" />
<p><strong>How can I vote? Where is the contest?</strong></p>
<p>You can vote by following this <a href="https://dpoll.xyz/detail/@maarnio1/how-will-matic-trade/#answers-container">link</a>.</p>
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<center><em>Published by <a href="https://mentormarket.io/profile/?maarnio/">Maarnio</a>
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