$MATIC Price Action strategy.CRYPTOCAP:MATIC
Polygon on the 1-hour timeframe faced rejection near the 50 EMA line (colored red), favoring the bears as the price broke through the previous support and is now approaching the Optimal Trading Zone (OTZ). It is crucial to remain vigilant, set alerts, and be prepared for the price to descend into this zone. As part of my strategy, a confirmation for a double bottom pattern will be considered if the price closes inside or above the OTZ. This confirmation will serve as the trigger for initiating a CRYPTOCAP:MATIC trade.
Matic
MATIC USDT SPOTMatic usdt next target is 1.5500$ because it has break the level of upper trendline and also it is at good buying area of 0.7795, accumulate it before it goes up to the target and you miss it, next bull run is going to start so get in that before it started
MATIC/USDT - H&S Neckline Was Broken !MATIC/USDT is showcasing a classic bearish head and shoulders pattern
with a defined neckline that has recently been broken. As Price has had a nice breakdown, it did not have any re-tests of that same broken zone of neckline.
We are seeing a good chance of our target zone still being reached, but we might see a slight bullish movement, maybe to re-test that same neckline zone.
Swallow Team
Matic new ATH?Last my TA about #Matic played out perfectly both ways.
Here is update:
as long as price stands above 0.72$ I expect the continuation of the uptrend towards to 1.28 -1.38$
Below 0.72$ we may see lows again.
🔥MINA Is Breaking 1-year Falling WedgeMINA fell by -95% and retailers are so scared. The 1.5 years of falling forced them to think the new traders and investors that dumps will long forever.
But I think that altcoins will reverse as fast as Bitcoin will break and hold $29,200-30,000. This is vitally importatnt for crypto growth.
💥 Now the price is trying to break 1-year falling wedge.
I suppose that MINA will accelerate after the breakout of the wedge and local pullback. The bull support will be confirmed during this pullback.
My firts idea for MINA was hidden, but I told about this even before the breakout of the wedge. My followers knows it.
MINA breaks the key level and consolidates above the first target
For 4 weeks in a row, MINA is in a small trading range after +160% pump. I think the pump will continue as far as BTC reaches $39k. Just wait and protect your profit.
like❤️ and follow
LDO About To Mool Like MATIC MartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space.
Ive been watching this pattern develop for many months and its now finally getting close to breakout . Be aware
This chart helps show you ALT Season is about to start.
The ALT Market is in its bottoming phase, be prepared. ALT Season is coming. This is the time when its possible to make life changing money .
Do NOT miss out on this coming bull market
#Matic #MaticusdtIt is moving in a descending channel. With the failure of the neck line, this pullback can be the return to the broken structure to continue the path and the bottom of the channel of the specified support range.
MATIC HEAD & SHOULDER TRIGGERED MATIC DOES LOOK GOOD TO ME.
Matic Heaf & shoulder pattern has confirmed triggered. it can take little pull back to trend line but overall it’s heading down side.
this is NOT financial ADVICE...
NEXT STOP FOR MATIC IS 0.58 TO 0.60 AREA.
I AM EXPECTING A LITTLE BOUNCE FROM HERE THAN I LL aggressive GO SHORT TO MATIC
MATIC/USDT 4HInterval Chart Hello everyone, I invite you to review the MATIC chart also at a four-hour interval. As we can see, the price has overcome a strong downward trend line, and is currently moving in an upward trend, staying on the trend line.
In this situation, we will start by checking the resistance levels and here we can notice that the price has been rejected from the resistance level of $0.97, only when it is overcome will we have an open path towards the resistance zone from $1.08 to $1.16, which should lock the price against a larger increase.
Looking the other way, we can similarly determine support areas and here we can see that the price remains in the first support zone from $0.83 to $0.78, while when this zone is broken, we can see the price return to the second zone from $0.67 to $0.58.
The CHOP index indicates that there is still energy for further moves, the RSI indicator remains in a downward trend with room for the price to go lower, also when we look at the STOCH indicator we can see a strong rebound with room for the price to go slightly lower.
a quick review of maticusdtfirst and foremost it is necessary to talk about the current situation of the market.
we witnessed a huge fluctuating price in the last 1 week however it is obvious that the mark decided to go for the downward trend.
additionally, matic has engulfed a very important support area there will always be a reaction toward an enormous support of the market that may have resulted in a short-term upward trend.
eventually, because of the massive fall of the matic, there is probably more seller pressure between 0.9874 $ - and 0.7870 $ so I prefer to get prepared for a sell position this month.
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MATIC/USDT Poised for an Upward Trajectory? 👀 🚀 MATIC 💎 Paradisers, it's time to focus on MATICUSDT as it exhibits a promising shift, breaching the supply threshold with a bullish trend in sight.
💎 MATIC has been consistently overcoming a descending trendline, propelling upwards. Currently, it's navigating past the supply level at .7007, hinting at a heightened likelihood of a bullish trajectory as the supply zone transforms into a stronghold of demand, bolstering the bullish sentiment.
💎 Should POLYGON falter in its ascent, we foresee a potential bullish resurgence from the demand zone at .5998. However, a dip below this zone could signal a bearish downturn.
do we have 15% for this? Hi, this is will be the last one I will post here.. thank you all for read my analysis always
any way this is will be update for MATIC and we can update when price touch 0.7074 goodluck all...
Matic polygon, Get up nowPolygon (formerly known as Matic) is a Layer 2 scaling solution for Ethereum, designed to improve its scalability and reduce transaction fees. The Polygon network has its native cryptocurrency called MATIC.
MATIC tokens play a crucial role within the Polygon ecosystem. They serve multiple functions, including:
Transaction Fees: MATIC is used to pay for transaction fees on the Polygon network. This is significantly cheaper than using Ether (ETH) on the Ethereum mainnet, making it more accessible for users.
Staking and Governance: MATIC holders can participate in the network's Proof-of-Stake (PoS) consensus mechanism by staking their tokens. In return, they can earn rewards and participate in governance decisions that affect the network's future development.
Security: MATIC tokens are used to secure the network by staking. Stakers are incentivized to behave honestly, as they have a stake in the network's success.
DeFi and DApps: MATIC tokens are widely used within the Polygon ecosystem for various decentralized applications (DApps) and DeFi protocols. Users can use MATIC to interact with these applications, trade on decentralized exchanges, and more.
Overall, MATIC plays a pivotal role in making the Polygon network efficient, cost-effective, and attractive for developers and users looking for scalable solutions on the Ethereum blockchain. Please note that cryptocurrency markets and technologies can evolve rapidly, so it's essential to stay updated on the latest developments and use cases for MATIC tokens.
MATIC/USDT challenges in breaking through the crucial resistance💎 MATIC has undeniably captured significant attention in the market. Presently, MATIC is encountering challenges in breaking through the crucial resistance level. The presence of several bearish rejection candles at the resistance level suggests that if MATIC fails to breach this barrier in the near future, the price may undergo a decline, returning to retest the demand zone to generate new momentum.
💎 However, if MATIC successfully breaks out of the resistance level, a substantial upward movement is anticipated, probability reaching our target area.
💎 In the event of a retesting phase at the demand zone, if MATIC struggles to maintain its position and undergoes a breakdown, there is a likelihood of a bearish reversal. This could lead to a retracement to the next lower-demand area.
💎 In this scenario, a bounce is required to reclaim the area around $0.805 to resume the upward movement. Failure to reclaim the area may result in MATIC continuing the downward trend and returning to the strong support area.
Can Polygon leave the penny Crypto area for ever❓Can MATIC break the $1 and leave the penny Crypto area for ever❓
The Renko Chart shows that Polygon is at an important support line🟩
If Polygon breaks through the trendline resistance as well a huge bullish future is ahead IMO🚀
Comments💭, Likes♥️, RT🔃 & Follow🔗appreciated
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
Empty seller in low levelAnalysis 📈 = when in flag down in bullrun if to low support level since for buy.
(Buy/Sell) 📊 = 0.6150$
*-Stop Loss = 0.5948$
*-Take Profit 🎯 = 0.6568$ - 0.6979$ - 0.7322$
*-Risk Management 🚧 = 3%
👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencie
MATIC/USDT In the crucial area. Break out or rejected ??💎 MATIC has indeed become a focal point in the market, showcasing a well-executed rounding bottom pattern. Currently contending with a challenging supply area, MATIC is facing hurdles in breaking through. However, a close examination of the daily candle, especially with a robust green candle, suggests a potential breakout from the supply area in the imminent future. A successful breakout would pave the way for MATIC to probability advance toward our targeted supply area.
💎 On the flip side, if MATIC encounters difficulty in breaking the supply area in the near future, the likelihood of a downward movement increases. MATIC could retreat and undergo testing, heading towards the demand area at $0.69 to instigate a fresh momentum.
💎 The undesirable scenario unfolds if, during the retesting at the demand of $0.69, MATIC struggles to sustain its position and breaches the demand area. In such a case, MATIC would revert to a bearish movement, potentially retracing to the robust support area.
MATIC Potential Playout !MATIC / USDT
Price tries to break the A&V pattern which is strong bullish pattern
Incase of the breakout succeeds and candle closed above the pattern we can see a rise in price up to 76% from here
Keep an eye on it
Note :
1- breakout not done yet
2- BTC should be stable for this scenario to play out
MATIC Fractal Geomerty ResearchMethod : Fractal Geomerty Research
White Line : Matic Chart
Purple Line : Geometry fractal predictions
" Previous history has been a repeated failure; the more I delve into this method, the closer I get to patterns that resemble the actual future. The more it fails, the more patterns/options I find that approach success in analysis. Because this method is an ancient one, rarely utilized, and challenging to comprehend, references are scarce."
Observing historical data from the smallest particle frame to larger time frames using fractal and Fibonacci, methods are very suitable for investors, spot traders, long-term or swing trades.
!However, it's not suitable for scalping, short-term, or future traders!
Note: that personal observation does not constitute financial advice. It's important to seek advice from a licensed financial advisor before making any investment decisions.
#matic #polygon
Polygon (MATIC) Whalers Spurred A Resurgence Polygon (MATIC)
Yesterday's brief downturn in BTC was seen by investors as an attractive chance to buy altcoins at lower prices, with MATIC being one of them. A swift gathering of buyers at the local low of $0.760 spurred a resurgence in its upward trend.
Currently, the asset is oscillating between a support zone of $0.765-$0.790 and resistance levels ranging from $0.843 to $0.860. There's also an additional marker for buyers at $0.814. Aiming for continued growth and potentially setting new highs is the main focus. In the near term, the $0.905 level might be the next milestone for buyers.
However, a downtrend in BTC's chart could adversely affect altcoin prices. If this happens, MATIC could descend to the support levels at $0.734 and $0.694. It's also important to keep a close eye on Bitcoin's movements, as a more pronounced correction in BTC could make several altcoin support levels obsolete, possibly leading to a more significant drop compared to BTC.
