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Matic

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
MLong
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. 🌴💰
MLong
by MyCryptoParadise
Can MATIC finally break the $1 and leave the penny Crypto area ❓Can MATIC finally break the $1 and leave the penny Crypto area for ever Provided 2 charts for you: no1 2-day candle chart shows nice bullish breakout👀‼️ no2 in Comments The Renko chart shows that Polygon is at an important line🟩 If Polygon confirmes breakouts a huge bullish future is ahead IMO🚀 Comments💭, Likes♥️ & Follow🔗appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
COINBASE:MATICUSDLong
by Crypto4Everybody
MATICUSD One more correction left before going parabolic!It has been a little over 2 months since our last analysis on Polygon (MATICUSD), which eventually hit our 0.7000 target (see chart below) and has now broken above the 1W MA100 (green trend-line) for the first time since March 13 2023: As you can see on this 1W time-frame, we are about to get a Bullish Cross between the 1W MA50 (blue trend-line) and the 1W MA100. That will be the first in MATIC history but we do not expect it to create the conditions for an immediate rally. Based on the same long Accumulation Phase of the previous Cycle, the rally started after the price broke below the 1W MA50 one last time. Once that happens, we will turn bullish on MATIC again for the long term and target the 2.0 Fibonacci extension at 5.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:MATICUSD
by TradingShot
The Exit‌ of $MATIC From Symmetrical Triangle is ConfirmedHello guys, Well, after a long struggle with 100WMA, CRYPTOCAP:MATIC is finally breaking through this resistance to exit the upper side of the Symmetrical Triangle. Based on this, I predict three targets for CRYPTOCAP:MATIC : 🪙 MATIC/USDT 💹 Binance 🧮 Spot 🛒 Entry 🟢 Market Price < 1.0000 💵 Targets 🔴 $1.1525 🔴 $1.4045 🔴 $1.6766 ⛔️ SL $0.6903 📅 26/12/2023 As always, this is not a financial advice & please do your own research. "Boost" & "Follow" if you want to see more of these ideas. Goodluck
MLong
by BJWiseReal
6