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Matic

MATIC/USDT bullish horizons from support retest?🚀Matic Analysis💎 Paradisers, watch closely as #MATICUSDT is displaying a pivotal movement, strongly holding its key support and signaling a high chance for a bullish move. 💎 Recently, #POLYGON underwent a retest at its support level, suggesting that if it can sustain momentum above this point, we're likely to see a substantial bullish push, aiming to overcome a major resistance level. A deeper analysis shows that #MATIC is exhibiting strong momentum, consistently trading above its EMA trajectory. 💎 Nevertheless, in the dynamic crypto market, being prepared for different scenarios is crucial. Should #MATIC find it challenging to hold its ground at the key support level of $0.9387, we might need to adjust our strategy. 💎 In this case, our Plan B, as savvy traders, would involve preparing for a bullish resurgence from a lower demand level at $0.8354. Staying vigilant is key, as a breach of this level could indicate a potential shift towards a bearish trend. 🌴💰
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by MyCryptoParadise_Simon
5
GOLDEN STAR|At what prices should we be a MATIC buyer?In the 1h Matic timeframe, there is a critical demand area that covers a significant percentage and should be optimized in smaller timeframes. After several interactions with this area, we can observe that the upper limit has been breached, and it has taken the form of an upward trend, consisting of an upward movement, a correction, another upward movement, and currently a correction again. I am in the price areas of 0.96, 0.95, and 0.9481 with the confirmation of the matic buyer in the one-hour time frame. For selling transactions, I will wait until the price area of 1.06.
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by Golden_Star1994
MATIC - Wyckoff Reaccumulation Schematic#MATIC This looked like a simple flag initially, which is a great bullish continuation pattern, but since has evolved into a #Wyckoff Reaccumulation Schematic. The latter is actually a healthier option, and one which usually warrants less pullbacks vs the simple flag, that very often comes with sharp retraces. The Volume is perfect, the OBV is perfect, the pattern is perfect, the timing during Trad Fi market close and end of year standard low volume is perfect... Have you placed your bets?
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by ANobleNerd
MATIC HEAD AND SHOULDERS PATTERN MACRO OUTLOOK TARGET 1.50-1.70Exposing the Elliot Wave count and Head and Shoulders Pattern in MATIC/USDT chart. We can clearly see a resistance level recently broken and bactested. These are strengh signs and should push MATIC towards the 1.50-1.70 area level quite fast in the upcoming weeks. Projection: Between January up to early mid February to reach the target. Long Position open at 0,9660. Riding the wave up to 1.50. SWING TRADE or low leverage position.
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by xReve
4
Polygon MATIC 2024 Price PredictionTLDR: My 2024 targets from low to high are: 1. 1.92 USDT, the 0.618 Fib retracement. 2. 2.36 USDT, the 0.786 Fib retracement. 3. 2.57 USDT, 400% from the recent HL on the weekly TF. 4. 2.92 USDT, the 2/1 Gann angle (considering price and time). Background (Weekly TF): Matic was in a downtrend from December 2021 until June 2022. MATIC lost 89.54% of its USDT value during the downtrend, which is remarkably good for a cryptocurrency. Between June 2022 and February 2023, MATIC’s price rose approximately 400%, not too bad for a bear market. From February 2023 until October 2023, MATIC was in a correction. MATIC managed to finish this correction with a HL of 0.49 cents. This means that MATIC maintained the uptrend and completed the overall correction with a Double Bottom. Support and Resistance (Weekly TF): MATIC is above the 0.236 Fibonacci retracement at approximately 93 cents. It is yet unclear if it will hold this level or not. MATIC is 99% correlated to Bitcoin, and much depends on Bitcoin’s PA, which is unclear. The next significant resistance is the 0.382 Fibonacci retracement at 1.30 USDT. A Weekly supply zone compounds this resistance. This zone’s proximal line is at 1.28 USDT, and the distal line is at 1.5 USDT. The 4/1 Gann angle is also approximately at the same level, strengthening the resistance level. Unlike Fib retracements, which are horizontal, a Gann angle is diagonal and considers price and time. For this reason, I cannot put a number on this resistance. Volume Profile: Fixed Range Volume Profile taken from December 2021 until today shows the PoC is at the same level as the 0.236 Fib retracement. If MATIC manages to hold above this level, it could become a significant support level. The VAH is at 1.08 USDT, acting as resistance on the daily TF. A Fixed Range Volume Profile taken from the bear market low shows the PoC is at 85 cents. From a PA standpoint, the 85 cent is a notable S/R level. Should MATIC lose the 92-cent level, the 85-cent level could be appointed in which MATIC will find support and turn around. 2024 Targets: Predictions are a thorny issue. What I am doing as an analyst is driving forward while looking in the rearview mirror. Take my prediction as an educated guess and always trade the chart level to level. I assume 2024 will be a good year for crypto because of macro factors such as the Bitcoin ETF, the US FED rate cuts, and the presidential election race. MATIC has proven itself to be a resilient and volatile asset, which makes me optimistic about its prospects. MATIC managed to rise 400% in eight months during a bear market. Assuming the same level of performance in a bull market is conservative. My 2024 targets from low to high are: 1. 2.36 USDT, the 0.786 Fib retracement. 2. 2.57 USDT, 400% from the recent HL on the weekly TF. 3. 2.92 USDT, the 2/1 Gann angle (considering price and time). What do you think? Please share in the comments.
CRYPTO:MATICUSDLong
by NewThoughtCrypto
MATIC/USDT 1DInterval ChartHello everyone, I invite you to review the MATIC chart on a one-day time frame. Let's start by identifying the downward trend using the yellow line, which shows that the price has gone up and is currently struggling to stay above it. Let's start by marking support places for the price and we can see that the first support is at $0.86, but if the price drops lower, we have the next support at $0.72, and then the next support at $0.62. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that currently the price has been rejected by the resistance at $1.15, but if we manage to overcome it, we will move towards the resistance zone from $1.34 to $1.57. When we turn on ema cross 50 and 200, we will see the place where the indicator confirmed the return to a strong upward trend. The CHOP index indicates that there is still some energy left for movement. The RSI indicator shows that we have returned to the place where there was a previous rebound, while the STOCH indicator has exceeded the upper limit, which resulted in a slowdown in growth and may result in a price recovery.
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by cryptodailyuk
Matic (Polygon) Preparing for Huge BreakoutI love this action from MATIC here. It's showing incredible resilience and strength against BTC and ETH. After a beautiful move from 0.51 to 0.99, we're in a consolidation phase. Triangular consolidation that is serving as a bull flag is attempting to break out and when it does, we're going to rocket higher. There is a lot of action in the parallel channel I've highlighted from 0.75 to 0.96. We should break this pretty easily once the triangle breaks. Target: +32% Stop Loss: -20% Best of luck - Sultan of Chart
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by Sultan_of_Chart
1
MATICUSDT.1DBased on the provided data, MATIC is currently trading at $1.0405 with a relatively high 4-hour RSI of 83.53, which suggests the currency is currently in overbought territory and could experience a slight pullback. Its MACD on the 4-hour chart is 0.0545, which is a bullish signal. The Bollinger Bands on the 4-hour chart is at 1.0403, which is very close to the current price, suggesting the price is consolidating. The 1-day RSI is slightly lower at 76.22, still indicating overbought conditions. The 1-day MACD is 0.033, which is also bullish. The Bollinger Bands on the 1-day chart is at 1.026, which is slightly below the current price, suggesting a potential upward movement. The 7-day RSI is at a more neutral 67.04, indicating that the currency is not in overbought or oversold territory on a weekly basis. The 7-day MACD is 0.033, which is also a bullish signal. The Bollinger Bands on the 7-day chart is at 1.053, which is slightly higher than the current price, suggesting a potential upward movement. In terms of support and resistance levels, the closest support level on the 4-hour chart is at $0.93, while the closest resistance level is at $1.059. On the 1-day chart, the closest support level is at $0.86, while the closest resistance level is at $1.093. On the 7-day chart, the closest support level is at $0.69, while the closest resistance level is at $1.32. In conclusion, the technical analysis suggests that MATIC is currently in a bullish phase, but it may experience a slight pullback due to its high RSI. However, its MACD and Bollinger Bands suggest that the overall trend is still upward. As always, it's important to consider other factors such as news and market sentiment before making any investment decisions.
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by MarsSignals
MATIC/USDT Bullish Potential in Demand Zone?👀🚀MATIC Analysis💎Paradisers, let's delve into #MATICUSDT as its showcasing a compelling pattern in the market. Positioned in a demand zone, it is hinting at a possible bullish movement. 💎 Recently, #MATIC faced resistance at the $0.8796 level and is now regaining momentum within the demand zone. This sets the stage for another attempt to breach the supply level where it was previously rejected. A successful break above this level could significantly increase the likelihood of reaching the major supply level at $0.9461. 💎 However, savvy traders always have a Plan B. In this scenario, if #Polygon fails to sustain its upward momentum, we might see a bullish recovery from the bullish Order Block (OB). But caution is key: if #MATIC falls below this OB level, it could signal the start of a downward trend. 🌴💰
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by MyCryptoParadise