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Matic

Polygon Matic price will try to work out a medium-term tradeMatic buyers are not giving up and are trying to break through the local trend and strong liquidity zone from above. We assume that there will be more attempts to push the price up, so this medium-term trade has the right to live: Entry = $0.636 Stop = $0.5582 (-12%) Take Profit = $0.9595 (+50%) Potential profit/loss ratio = 12/1 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
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by P_S_trade
34
MATIC - Shift In Momentum - Practical Example 📚Dear TradingView community and fellow traders, I am Richard, also known as theSignalyst. The MATIC H4 chart has captured my attention due to its intriguing momentum structure shift. 📉 Following its rejection from the 0.9 - 1.0 resistance zone, MATIC has entered a bearish phase, marked by lower lows and lower highs— a classic MarkDown phase . However, a noteworthy observation is the diminishing size and flattening of the impulse movements. According to Charles Dow, this signals an early alert for a potential shift in momentum, which brings us to the Accumulation phase as per Richard Wyckoff. Presently, MATIC appears to be consolidating within a significant range, spanning from 0.65 to 0.7 — an evident Accumulation phase. 🏹 For the bulls to take over, and the MarkUp phase to start, we need a momentum candle close above 0.7 zone marked in green. I hope you find this post useful, and I would appreciate your likes and support. Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard
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by TheSignalyst
21
SasanSeifi 💁‍♂️MATIC 👉3D 🔻🤔Hey there, In the long-term timeframe, as you can see, the price has been accompanied by a positive fluctuation of approximately 25% from the demand zone at 0.60. Currently, the potential scenario to consider is as follows: after gathering liquidity from the price range of 0.65 or possibly from the supply area (once confirmed and adjusted further), the price could move towards the price range of 0.50/0.42/0.40.💹 🔱To better understand the continuation of the price movement, it's important to observe how the price reacts to the resistance levels at 0.75/0.85. The price's response to these resistance levels will provide valuable insights. However, if the price manages to break above the significant resistance level of 0.85 and consolidates, there is a possibility of further growth. The potential trends in the image above have also been indicated.❗ Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach.❗ Wishing you loads of success in your trading adventures, my friend!✌ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
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by SasanSeifi
Polygon (MATIC) Faces 25% Price Collapse, Fears of New Yearly LoThe price of Polygon (MATIC) has experienced a significant 22% collapse since its July highs, raising concerns about the possibility of a new yearly low. MATIC failed to break through a critical horizontal resistance area, leading to a breakdown from a short-term corrective pattern. This decisive rejection indicates a bearish trend, and if the breakdown is confirmed, it could lead to a new yearly low for the cryptocurrency. Bearish Signals on Weekly and Daily Timeframes Cast Doubt on Immediate Recovery On the weekly timeframe, the analysis shows a pessimistic outlook for MATIC. It was rejected from the $0.82 resistance zone, which had previously acted as a strong support level since July 2022. The formation of a long upper wick on the weekly chart suggests increased selling pressure, indicating that sellers took control and pushed the price below the resistance area. Additionally, the weekly RSI supports the bearish sentiment, falling below 50 and signaling a bearish trend. The daily analysis further supports the bearish sentiment, as the breakdown of an ascending parallel channel suggests the completion of the upward correction and a resumption of the bearish trend. The daily RSI also falls below 50, reinforcing the bearish outlook. Since the breakdown, the MATIC price has already fallen by 7%, and if the decrease continues, the next support level is at $0.55, implying a potential further decline of 20%. Bottom Line: In summary, the recent price collapse in Polygon (MATIC) raises concerns about a potential new yearly low, given the bearish signals from both the weekly and daily time frames.
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by cryptohopper
MATIC/USDT Update 4HInterval ReviewHello everyone, I invite you to review the MATIC chart in pair to USDT. First of all, we will use the orange line to mark the downtrend line from which the price went up, while currently we see that the price has fallen below the yellow uptrend line. Moving on, we can move on to marking support areas when we start a larger correction. And here we will first mark the support zone with the price from $0.69 to $0.65, then we have support at $0.58, and then another strong support at $0.50. Looking the other way, we see that the price bounces from the beginning of the $0.73 resistance zone to $0.79, only when it breaks above this zone will it go towards the resistance at $0.87 and then towards the strong resistance at $0.97. Please look at the CHOP index, which indicates that there is still some energy to continue the move, the RSI shows that we are in the process of rebounding and we still haven't touched the lower limit which may give the price a further rebound, while the STOCH indicator also shows that we are in a downtrend .
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by cryptodailyuk
MATIC/USDT upward move !!👀 🚀Matic Today Analysis💎 Matic is gearing up for an intriguing shift, currently trading in a demand zone and hinting at a bullish surge. 💎 In the past, we've noticed Matic skillfully mitigating the bearish Order Block (OB), setting the stage for a bullish move to reach another OB. After tapping into the liquidity once, it resulted in a downward shift 💎 The bearish OB has been tapped, and it's highly likely that the price will revisit this level due to the remaining liquidity. 💎 The VRVP is showing a significant volume, indicating volatility and a potential upward move is on the horizon 💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
MLong
by MyCryptoParadise_Simon
2
MATICBTC 1DSupports for MATIC/BTC are at 0.00002231 and 0.00001913. These are the levels at which there has been a significant amount of buying in the past, providing a kind of "safety net" for the price. Resistances are situated at 0.00002867 and 0.00003003. These are the levels at which sellers have historically entered the market and prevented price appreciation. An important additional observation is the breakout of the bearish channel. This is often seen as a bullish signal, indicating that the downtrend may be over and a new uptrend may be starting. Fundamental Analysis of the MATIC/BTC pair: Polygon (MATIC) is a Layer 2 solution for Ethereum that aims to improve its scalability and speed. It has seen rapid growth and adoption because of Ethereum's gas fee and transaction speed issues. MATIC offers a solution to these problems and has a growing list of projects choosing to build on it, which adds to its strong foundation. However, its valuation against Bitcoin will depend on the market's perception of its technological progress and the general demand for scalability solutions. In conclusion, technical analysis suggests bullish potential due to the breakout of the bearish channel, although the RSI suggests that the market may be overbought. MATIC's fundamentals are solid, with many projects choosing to build on top of Polygon, indicating that it could be a good option for long-term holding. However, it is important to conduct your own research and consult a financial professional before making any investment decisions.
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by ferulianov
What is Polygon 2.0 ?Polygon, the most prominent Ethereum Layer 2 solution and one of the top cryptocurrency projects by market value, is launching its first zkEVM chain, independent of the main Polygon proof of stake chain. Furthermore, it plans to fundamentally change the architecture of the Polygon Network with the launch of Polygon 2.0. What Is Polygon 2.0? Polygon 2.0 is a planned Polygon Network upgrade to establish it as the "Value Layer of the Internet." It will be an elemental protocol that enables users to create, exchange, and program value in the same manner they do with information on the internet but in a decentralized system. By providing features such as digital ownership, decentralized finance, and new coordination mechanisms, Polygon 2.0 will enable anyone to access the global economy. It reimagines the architecture of the Polygon network, its governance, and tokenomics and tries to address the challenges of existing blockchains, more precisely, network throughput and scalability limitations. How Does Polygon 2.0 Work? Polygon 2.0 will take a four-layered structure designed to improve the security and scalability of the network while making transactions atomic and instantaneous. static1.makeuseofimages.com The layers include; Staking Layer : This is the existing layer composed of a "validator manager" contract on the Ethereum blockchain and a "chain manager" for every Polygon chain created. It maintains the validators' registry, processes their requests, and processes slashing events. Interoperability Layer : Built upon the staking layer, the interop layer connects every Polygon chain using bridges. It will also have an aggregator that merges zero-knowledge proofs into one proof sent to the Ethereum blockchain. Execution Layer : This layer will enable the Polygon chains to process blocks similarly to Ethereum blocks. It contains multiple components, including P2P, consensus, mempool databases, and witness generators. Proving Layer : This layer generates proofs for all internal and cross-chain transactions for each polygon chain: It's composed of the "common prover" for proof aggregation and verification, the "state machine" that simulates the execution environment, and a "constructor" for developers. Polygon Labs believes the resulting network of zk-powered Layer 2 chains consolidated through a cross-chain coordination protocol will achieve unified liquidity and unlimited scalability. Consequently, users will engage with the entire network with singularity. What Polygon 2.0 Means for Crypto Users? Polygon 2.0 is in the rollout stage. Collaborations between Polygon Labs, other stakeholders, and the broader Polygon and Ethereum community will determine whether to implement it or not through a formal governance process. But if the current development is to go by, the upgrade is likely to go through. Two major dates are pending for Polygon 2.0: The week of 10th July 2023, when they'll announce a token release, and the following week of 17th July, when governance will follow due process. Polygon 2.0 will introduce two great features to the network: 1-Polygon 2.0 will rely on zk-proofs to store validated transactions on Layer 1 and actual transaction data on Layer 2. This innovation will reduce the cost of transactions and improve users' privacy. 2-The network will support countless chains and allow unlimited cross-chain interactions instantly without compromising security. Hence, users will interact with the entire network without feeling they're leaving a single chain. With such developments paving the way for a better Polygon Network, it will be interesting to watch if more investors will bet on its future. Polygon 2.0 Will Be a Web3 Mainstay The future looks promising for the Polygon Network as it introduces Polygon 2.0, which will establish an essential protocol in the Web3 environment. Over the next few weeks, Polygon Labs will share detailed data on the architecture and workings of the new network and how they intend to transform the project. If interested in reviewing the proposal, you're encouraged to participate in the community's conversations that will shape the network's future. Hope you enjoy this article. Follow for more important contents an analysis. Refrences : www.makeuseof.com polygon.technology
MEducation
by TraderAmin-KZ
6
Short on Matic; long on SolanaIntroduction I am biased short for the Ethereum ecosystem as a whole due to all the efforts made to have the system run more efficiently and at a lower cost. Price action will work its way down initially and severely before eth benefits again from the "adoption" trade. A similar concept is water purification. Imagine water is very expensive to obtain and make potable. Efforts are made to get potable water cheaper and a new system is created that produces drinkable water at 1/10th of the price. The old systems that were in place before the development are going to crash in value as people move to the new system. The price of water is cheap and more people use it than ever before. Matic is one of the old systems through no fault of its own or its developers. The price of Matic is due for quite a drop and the new Ethereum systems are poised to benefit if they can survive. And then there is the alternative to drinking water. I guess for this example we are talking about having a nice Mexican beer (a very overused pun for SOL). Hell, Cinco De Mayo is around the corner as well Main Chart This is technically a very simple play. Which is why I hope it is so powerful. We have a simple chart formation, a rising wedge creating a bull trap. That bull trap is a macro lower high from the all time high. We have a EMA ribbon that was support, and now it is poised to act as resistance. The targeting is likewise very simple. We can set a roughly equal W bottom which would be over a 60% loss from current levels. Other Charts I have cobbled together a set of indicators to develop a system to benefit from impulse as much as possible. It is decent on multiple time frames but I an trying to make less trades but bigger moves and tighter stops. This set up is about 85% complete for a entry. It is a Heiken Ashi momentum strategy that looks to go short when indicators have a "bearish stack" and long when they have a "bullish stack. Ideally I would have waited until the SMAs were bearishly stacked and shorted rallys but shorting a break of the wedge is good enough. Maticbtc versus LunaBTC To be blunt, the MATICBTC chart looks like hell. There is a macro double top in blue and a nested double top making up the right top. These two formations cascade to a full target of Matic loosing 80% of its value against bitcoin from here. Absolutely devastating. One thing scratching in the back of my head is how LunaBTC had a chart that predicted a simuar drawdown but the whole project got obliterated. One target for a rising wedge is the bottom of the wedge. So LunaBTC should have "only" dropped some 80% as well. I am wondering if some similar catastrophe could bit Matic. If not, and it merely loses 80% in a orderly fashion then I will be around to long the W pattern if it is confirmed. My Trade I have a pretty good entry. I was very tempted to take an entry in at a break of the purple trendline but the chance that price could have recovered at the wedge for another pump was too high and not enough of my conditions to go short were met. I am closing my trade at the first target and waiting to see if a continuation or reversal pattern develop. It could be a multi-month process. I have a chart I use for reversals that uses daily and weekly SAR as well as the ADX, volume and stochastics. Taking profit around the monthly SAR usually a good idea and taking profits never made a man poor. This strategy, but in reverse Solana has taken on a fully bullish stack to its daily SMAs and is above both clouds. Both clouds have twisted bullish. The MACD is positive and looking to cross bullishly over the signal line. the 9SR is bullish on most time frames. This set up is appropriate as Solana has positions itself as a "Ethereum killer." Here is ETH from 2019. I expect it SOL to have a similar rally because it is in a similar situation with regards to previous losses and current strength. As such, I will be looking to take profit on a Solana trade as shown. Same strategy in reverse. It works long and short if you are patient enough. MATICSOL Here is an ABC correction draw on MATICSOL (actually maticbtc/solbtc) with EMAs on the weekly And here is the draw on the daily set up for momentum. This chart is 100% fully bearish based on the system.
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by This_Guhy
10
MATIC: Rising Wedge BreakoutPolygon (MATIC) technical analysis: Trade setup : Trends are mixed but improving. Bullish breakout from Rising Wedge pattern and above $0.75 resistance could signal a potential trend reversal with upside to $1.00. That level ($1.00) is a stiff resistance because it also lines up with 200-day moving average. However, if it clears that level, that would confirm resumption of Uptrend. Patterns : Rising Wedge It usually forms after an uptrend and suggests a potential bearish reversal in the original uptrend. When price breaks the lower trend line the price is expected to trend lower. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout. Trend : Neutral on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $0.50. The nearest Resistance Zone is $0.75, which it broke, then $1.00.
MLong
by altFINS