Polygon, Yearn Finance & Decentraland — Asian Wrap 28 Dec


MATIC price has resumed its extremely bullish momentum above a prior rising wedge, extending the gains to just shy of the critical $3.00 price level. MATIC price to hit $3.00, then retrace to $2.50 before making another run towards new all-time highs. MATIC price action has been a leader of the entire cryptocurrency space thus far for December.

 

Yearn Finance price action is developing a particularly bearish chart pattern in the form of a head-and-shoulders pattern on its $250/3-box reversal Point and Figure chart, warning of a nearly 25% drop coming up. Yearn Finance price has been stuck inside the Ichimoku Cloud n the daily chart since December 22.

 

Decentraland price maintains a value area above the most recent lows in the $3.00 price range. However, since entering the Cloud on December 17, its ability to maintain a bullish drive is now in question. Decentraland price, while consistently rising over the past two weeks, is at risk of moving lower. 



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