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Matic

MATIC Polygon Price Targets after the FOMC meeting this weekThe upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments. The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak. Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the financial situation is much steadier. Additionally, inflation remains elevated, and with evidence of stubbornness in underlying inflation, it could be in the 4% to 5% range, far above the 2% inflation target. The markets are pricing in a 25bp Fed Funds rate hike to 5.25% at the May FOMC meeting, and given the steadiness in financial markets, persistence in price pressures, and continued decent activity, this could contribute to a further downturn in the crypto market. MATIC/USDT short Entry Range: $0.95 - 1.10 Take Profit 1: $0.90 Take Profit 2: $0.79 Take Profit 3: $0.63 Stop Loss: $1.26
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by BuySellMarketMaker
1
$POLY primed to flyPolygon has been trading in this channel since June of last year. It's near the bottom of the trend line, which happens to coincide with the 200MA on the daily chart. With all the bullish sentiment around Polygon, and large projects moving their ecosystems onto the chain, I'd expect to see a nice bounce towards the middle of the trading channel; followed by an opportunity to exit with a ~40% gain from current prices in the highlighted box. Out at or above $1.50 sometime in April, ez gg - NFA.
COINBASE:MATICUSDLong
by ChartswithChip
4
MATIC - A breakout is coming! Given the anticipated downward trajectory of BTC from its current levels, the price of MATIC will likewise experience a decline. Consequently, a break to the downside is expected, and it may be prudent to adopt a wait-and-observe approach for more favorable pricing opportunities. It's said that one day, the mighty MATIC will set its course for the moon, but for now, it seems to be headed back down to Earth! Keep your eyes peeled and your senses sharp, as this journey promises to be a wild ride filled with unexpected twists and turns! :)
MShort
by MBM_Crypto
8
Matic - Trade ExitTraders, As explained in the video I just released, this recent crypto price action up all simple appeared to be a bull trap. I was growing more and more bearish as I did my video and indeed, by the time the video was ended, I felt it was time to capture my meager profits in MATIC for another very small win and get out! As it was the drop happened so fast, I was barely able to do that. I will NOT be looking to enter back into any trades until BTC does as I have been expecting it to do (retest that neckline at 25.3k - see vid for more), or until we start to capture some new pivot highs. Until then, alts will probably just follow the big dawg (BTC) down. Best, Stew
COINBASE:MATICUSD
by stewdamus
1
Key Support and Resistance Levels for Informed Trading DecisionsMATIC is currently trading at 1.0390, with an RSI of 59 on a 4-hour timeframe. Looking at the Fibonacci retracement levels, we can see that the 0.5 Fibonacci level at 1.0697 is acting as a strong resistance, while the 0 Fibonacci level at 0.9492 is acting as a local support. The 1 Fibonacci level at 1.1902 is a solid resistance level that may come into play if the price continues to rise. The Bollinger bands are another useful tool for identifying support and resistance levels. The upper Bollinger band on the 4-hour timeframe is currently at 1.0387, which is close to the current price and may act as a resistance level in the short term. The lower Bollinger band at 0.9466 is a strong support level that may come into play if the price starts to fall. The middle Bollinger band at 0.9926 can also act as a support or resistance level, depending on the direction of the price movement. The volume oscillator is currently at 15%, which indicates moderate trading activity. The MACD is slightly negative at -0.0071, indicating a bearish trend in the short term. However, the stochastic oscillator is at 82, which suggests that the price may continue to rise in the near future. The hourly EMA 50 is currently at 1.0335, which can act as a support level if the price starts to fall. The On-Balance Volume (OBV) is currently at 25.976B, which indicates strong buying pressure. In summary, the key support and resistance levels on this chart are as follows: - Local support: 0.9492 (0 Fibonacci retracement level) - Strong support: 0.9466 (lower Bollinger band) - Local resistance: 1.0697 (0.5 Fibonacci retracement level) - Solid resistance: 1.1902 (1 Fibonacci retracement level) Traders should keep a close eye on the price movement around these levels and use them to make informed trading decisions. It's important to note that technical analysis is just one aspect of trading, and traders should also consider fundamental factors and market sentiment before making any trading decisions.
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by MonoCoinSignal
2
Quick Update on MATIC: Here's a quick look at MATIC 2-day chart. Upon analysis, it appears that the current price of MATIC is undergoing a retest of the lower trendline. Should the price break below this level, a more substantial downward movement is expected to occur. Consequently, it is recommended to closely monitor this rising channel, particularly in the event of a downside breach. Furthermore, the ongoing downward trajectory of Bitcoin suggests a high likelihood of a corresponding decrease in the value of MATIC. In the event that Bitcoin retraces to the $20k range, it is anticipated that MATIC's price level will decline to at least $0.5. However, it should be noted that the price of Bitcoin is expected to continue decreasing from its current level, which further suggests the possibility of a downside break in the rising channel for MATIC as well. ------------------------------------------- About our trades: Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!) . Our TradingView page serves as a testament to this claim, and we invite you to verify it! ------------------------------------------- Recent Altcoin trades: ARB / USDT: 30% profit! ROSE / USDT: 5% profit! ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups. BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
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by MBM_Crypto
18
Matic 🛤️ Break + Retest 1.0069?Looks Like we can continue the Bearish momentum here back down to yesterday's low at .9792 and beyond to our next daily level at .9755. Matic Polygon did a faekout yesterday above 1.0227. It returned back into the range, then to the bottom of the range then did a break and retest of the daily level on the 30m TF. Left a very large wick rejection and off we go onto the next zone at .9755. We have bounced but I can observe a retest of the low with momntum left over from earlier.
COINBASE:MATICUSDShort
by ShrewdCatfx
Bitcoin Potential Trading Setup AlertPotential Trading Setup Alert BTCUSDT has bounced after a candle close below support and formed a bullish engulfing pattern. This indicates that BTC may hit $27800-$27900 before any further breakdown. My short bid is at $27800-$28000 with a stop loss at any 4H close above $28000 and my target is $25200. Remember, trading carries risk, so it is important to do your own research and have a solid risk management strategy in place. Stay safe and happy trading! Follow us for More Chart Analysis. Thank you.
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by CryptoPatel
2
🔥MATIC TRADING PLAN: EXPECT 30-45% PUMP WITH BULLISH BTC AS KEY🔥Hi, friends! I don't think that MATIC will update the local high at $ 1.57, but it has the power to make a local pump by 30-45%. This is in line with my vision global vision on BTC that there will be one more pump before this local bull market will end. 📊 TRADING PLAN FOR MATIC: 1. false breakout of the trendline 2. the volume growth which in 70-80% confirms that the bottom is reached 3. bullish BTC is a must-have for altcoin growth ✅ THE MAIN TARGETS FOR MATIC: 🔥$ 1.25 - the ley level and local high 🔥$ 1.50 - the key level and even number which is usually the strong resistance/support 💻Friends, press the "boost"🚀 button, write comments, and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
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by Yuriy_Bishko
7