Home » If You’re Looking for Action, This Digital Currency is Worth a Shot

If You’re Looking for Action, This Digital Currency is Worth a Shot

If you’ve been following Stock Surge Daily for a while, you know that I mostly trade small-cap stocks.

But I also dabble in digital currencies.

In fact, I was able to buy a Rolex watch with the profits from an Ethereum trade a couple years ago.

Are digital currencies going to replace national currencies like the Japanese Yen and the US dollar?

Well, I’m not sold on that yet…

But there is definitely money to be made by trading them.

Different Market, Same Rules

Like I always say… I like to date stocks, not marry them.

I want to be involved when things are good, and I get out at the first sign of trouble.

Digital currencies are no different.

BTC, Ethereum and most of the other major names are down big over the last few months. 

Many are below their 200-day moving averages, which is a no-go zone when it comes to buying.

I will not buy an asset trading below its 200-day average.

Period. No exceptions.

But I scanned some charts on Wednesday and found digital currency that looks great.

It’s called Polygon, and it trades with the symbol MATIC.

Daily Chart of Polygon (MATIC) — Source: TradingView

Full disclaimer… I know nothing about the MATIC network coin.

But the supply/demand approach to trading is timeless.

And MATIC is setting up in a textbook compression pattern.

Breakout on Deck?

After smaller pullbacks that compressed from 76% down to 33%, MATIC is breaking out into new highs.

The last time MATIC completed a pattern like this, price soared over 8,000% in just five months.

Here’s a zoomed-out view on a weekly chart…

Weekly Chart of Polygon (MATIC) — Source: TradingView

Remember… Digital currencies are risky. And there is no guarantee that this trade will work.

But if you’re looking for action, I think this one is worth a shot.

Embrace the surge,

Ross Givens

Editor, Stock Surge Daily

Brand New Strategy for Profiting from AI Stocks.

There’s a brand-new strategy in 2024 for going after big profits in AI stocks. It has nothing to do with Nvidia, Microsoft, Meta – or any of the big AI stocks the media can’t stop talking about.

It has to do with a fast-moving “backdoor” that has opened in the AI market... A backdoor that could send a very special class of AI stocks rocketing into the stratosphere.

Ross Givens
Ross Givens

I bought my first stock when I was 12 years old. It was Microsoft. I’ve been a registered financial advisor. I’ve worked as a stock broker. I ran a managed fund. I was a Vice President at JP Morgan with Series 7, Series 66 and Series 3 securities licenses. I’ve been featured on Fox Business, CNBC, Bloomberg, and a bunch of other networks. The only thing I enjoy more than making money, is helping YOU make money.

With Ross Givens

Looking for an edge? Ross has the inside scoop on top analysis that will help grow your portfolio.. Receive a new stock opportunity every day and get ready to see your investment SURGE!

Tech stocks are rallying – and Ross Givens’ #1 Tech Stock of the Decade has been making BIG moves you don’t want to miss.

Whats in the Article