Polygon (MATIC / BTC) Trade for the Bitcoin maxi 😎 (RR 1:8)Setup: Strong breakout of the consolidation zone and the 200 Moving Avarage on the daily timeframe. Pullback expected to test previous resistance.
Entry: I expect support at previous resistance and this is where my entry zone is based. Around the 200 MA (daily). Orange box.
Stoploss: Stoploss is below the consolidation zone @ 0.00001680. After making a new local high (above 0.00002890), I move my stoploss just above my entry; making the trade risk free.
Targets: Targets are calculated with the extended Fibonacci with the swing low/high of November. This is a typical sign of strength, especially when you look at the volume/buy pressure building up drawing this pattern.
First target is 1.618 of the extended fib, what happens to be the first real resistance zone after breakout of the local high. I take 50% off the table.
Final target is 4.236 of the extended fib. This target is near the all-time high.
I personally scale out of my position at the 2.618 and 3.618.
Matic
FULL TECHNICAL ANALYSIS FOR CRYPTO PAIR MATICUSDTHello my wonderful community !
I’m back again
I really appreciate you guys for reviewing my charts
Kindly like and comment on how you feel the market will go , I’m open to learn and communicate with other hardworking traders on here.
The colors for each line/zone
Monthly - Yellow
Weekly - Orange
Daily - Green
4H - Red
1H - Purple
My Monthly chart view:
Ever since 2022, price has been in a downtrend by making Lower highs and Lower lows.
Price breaks a major Support area and turns it to a dynamic resisitance areas.
Take note as price is in a range and respecting the newly formed monthly resistance line (1.2300 ) and support line (0.3600) in yellow
My Weekly chart view:
Going into the weekly TimeFrame, it is truly clear that bears has been in full control of price from mid 2022 until last quarter of 2024,Price is currently not making lower lows and has been ranging
Last week price has reached a strong support area that has been respected for years after being in a downtrend for weeks
My Daily chart view:
Price is in a downtrend after breaking the daily dynamic S/R in green (0.7400) and has approached the Monthly resistance line in yellow.
Looking for buy setups as price has respected that monthly support zone for a stipulated period.
My 4H chart view:
As we move into the smaller timeframe of the 4H period, the market seems to be clearer as we can see another formation of a dynamic S/R zone in red (0.4350) which i will set as my target when we go down further
My 1H chart view:
So I’ll go down into a smaller 1H timeframe and look for buy Setups as bulls seems to be coming in slowing and the formation of an inverse heads and shoulders pattern
To play safe, for me to feel comfortable in capturing a buy setup ,I’m looking for the break of the neckline of the inverse heads and shoulders pattern , cross of the EMAs and volume of bulls coming into the market to put the odds in my favor.
Avoid entry of any trade during any major news that will affect price and this is not financial advise -
NEWSCHOOLTRADER
NOTUSDNOtCoin telegram game As it is clear in the blue points, the currency actor has made purchases and in the red points it has fluctuated, the marked points of liquidity are behind the peaks of the valleys where the currency actor fluctuates, but as money is the god of actors and Our expert team determines the best stocks by monitoring the price behavior. Our expectation is that it will move above 70% according to the blue arrow. We hope you made a profit.
Honestly, I don't feel like explaining, the chart says it all !!As you can see, MATIC has created an ascending Triangle and is also located in the Broadening wedge . , which means that if it breaks, we expect the price to reach the top of the Broadening wedge .
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Matic analysisHello everyone! Today I look a little into matic since I am investing into a matic/day liquidity pool.
My thoughts so far are that matic is generally bearish but looking over at the macd and the support areas, depending on the crypto markets' momentum, we might be looking at a small bullish day or week sooner or later.
Personal recommendation ? Don't trade and wait for the moment, the likelyhood that the price will go lower is high yet there is a small chance that the price will also go a bit higher, especially if it manages to push through the resistance area. So in case of uncertainty, you and your money are better of sitting than risking them on low probability trades.
Thank you for looking up my idea and reading, I wish you an awesome day! :D
MATICUSD: Two levels that will kickstart the Cycle's rally.MATIC is bearish both on its 1D as well as its 1W technical outlook (RSI = 35.379, MACD = -0.094, ADX = 47.085). Cyclically, these indicator levels are solid buys on Polygon as it is significantly undervalued below the 1W MA50. The S1 and HL trendline offer the strongest support levels possible and in the prior Cycle this is where the token started the Cycle's rally to a new peak. Our target is slightly under the 2.0 Fibonacci extension and the HH trendline (TP = 4.5000).
See how our prior idea has worked out:
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MATIC to POL upgrade was done on the Ethereum mainnet.
(POLUSD 1D chart)
There are many coins and tokens in the MATIC ecosystem.
Therefore, I think MATIC has a high potential for development.
When choosing an altcoin, it is a good idea to check how the ecosystem it belongs to is formed.
That way, it will not be delisted.
To check the coin ecosystem, you can check it on a site that shows the coin market cap ranking.
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(MATICUSD 1M chart)
The key is whether it can rise above the psychological volume profile range of 0.6221-1.0839.
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(1W chart)
The key is whether it can rise above 0.4965 and receive support.
If not, we need to check whether it can receive support near 0.2950.
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(1D chart)
The key is whether it can receive support in the HA-Low (0.4166) indicator of the 1D chart and the HA-HIgh (0.5142) indicator range of the 1D chart and rise above the M-Signal indicator of the 1M chart.
Currently, the StochRSI indicator is showing signs of entering the overbought zone, so support around 0.3837 is important.
If it is not supported, it is likely to lead to further decline.
Therefore, the time when we can trade is when it shows support near the HA-Low indicator point.
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The fact that the HA-Low indicator was created means that a low point zone has been formed.
Therefore, if it is supported by the HA-Low indicator, it is a buying period, and if it falls, it is likely to show a stepwise downward trend.
The fact that the HA-High indicator was created means that a high point zone has been formed.
Therefore, if it is resisted by the HA-High indicator, it is a selling period, and if it rises, it is likely to show a stepwise upward trend.
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Have a good time.
Thank you.
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- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
Since I think it can create a new trend in the overshooting section, I need to check the movement when this section is touched.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to create a pull back pattern and start after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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MATIC/POL Bullish Idea🟣 CRYPTOCAP:MATIC
• Entry Range: Between $0.317 : $0.183
• Bullish Confirmation: Passing $1.29
• Stop Loss: Below $0.183
Will dormant wallets trigger MATIC uptrend?The MATIC market opened this year with a green candlestick. On the first day of the year, it closed at $1.0171. Later, for a short period, the market weakened. But in late January, the buyers of the market took control of the market. They took the price as high as $1.2711 in mid-March. Post that, the market situation overturned in favour of the sellers of the market. Post a sharp decline, the market emerged a sideways trend.
This month, on 16th, the buyers attempted to regain control of the market. They dominated the market for at least 9 consecutive days, taking the price from $0.4010 to $0.5716. For the last couple of days, the market saw consecutive red candlesticks, indicating the return of the selling pressure. It is important to see whether the mark of $0.4010 will act as a support or not.
In a recent X post, Santiment revealed about a surge in activity on Polygoin, with dormant wallets. There are chances that this increased activity would influence the price of MATIC positively. Often, a spike in activity leads to either a price reversal.
As conclusion, it is fair to say that something important is likely to happen in the MATIC market. The unexpected activation of dormant wallets can be seen as an early signal. Anyway, it is too early to make a market move based on what we know right now. It is better to wait until we see a clear signal in the chart.
#MATIC/USDT#MATIC
The price is moving in a descending channel on the 12-hour frame and is sticking to it very well and is expected to break it upwards
We have a bounce from a major support area in green at 0.3900
We have a downtrend on the RSI indicator that was broken upwards which supports the rise
We have a trend to stabilize above the 100 moving average which supports the rise
Entry price 0.4260
First target 0.4890
Second target 0.5360
Third target 0.5860
Matic Long for 1.5$CRYPTOCAP:MATIC is long for a target of 1.5 $ and 2.5$ in the long run with a SL OF 0.31 $. Great place to go long. Altcoin season is going to be back really soon.
MATICUSDT - The Perfect Breakout MATICUSDT is trading at key areas, previously starting on 8th August it was trading in a range, which as you may know is a BAD time to enter, we need big volume candles either sell or short side, causing a definitive move.
WE DO NOT ENTER RANGES UNTIL BREAKOUT.
Here we can see that MATICUSDT was trading at a range of 0.43 - 0.39 for approximately 12 days. Then the magic happened, it finally had it's breakout.
Notice how the candles on the breakout were huge VOLUME CANDLES, that is exactly what we are looking for to enter trades.
This is a fantastic trade to learn from, take your time, the trade will come!
MATICUSD tested the June 2022 Historic SupportMATICUSD has reached a demand zone last tested in June 2022. The market formed a long-tailed bar on the weekly timeframe, signaling a rejection of this level and the potential for a bullish move. Additionally, it broke and closed above the accumulation zone, which is another encouraging sign. If the price stays above the 0.400 level, the market could rise to retest the resistance. There’s potential for a breakout from the channel, continuing its bullish trend. Pay attention to the August close, as the monthly chart is shaping another significant long-tailed bar. The target is the resistance at 0.500
$MATIC rebranding to $POLMATIC (Polygon) has seen a significant surge with 58% increase from the low.
A bullish weekly candle is being printed after bouncing from its higher timeframe support zone.
CRYPTOCAP:MATIC is rebranding to POL on the 4th of September.
Rebrands are usually bullish, and if we can clear $0.60 overhead supply, we can see MATIC hitting $0.70 (single prints & vwap) or even $1
POLYGON (Crypto) BUY TF H4 TP = 0.4564On the H4 chart the trend started on Aug. 05 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 0.4564
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
Matic Bull Pennant! PRICE TARGET $65No need to explain this massive bull pennant! The image says it all!
MATIC/USDT A🔍 MATIC/USDT Analysis: Upcoming Opportunities for Traders 📉
The MATIC/USDT chart highlights important dates that traders should watch closely:
August 16, 2024 & September 2, 2024 & November 30, 2024 - Green Lines: These dates indicate potential local lows, offering favorable entry points for accumulating MATIC. These are key opportunities to consider building or adding to your position.
October 27, 2024 - Red Line: This date signals a potential local peak. It may be wise to take profits or reduce exposure around this time as the market could face resistance or a downturn.
By aligning your trading strategy with these dates, you can better navigate the market and maximize your gains.
#MATIC #CryptoTrading #MarketAnalysis #Cryptocurrency #MATICUSDT #Altcoins
MATIC - 4H Chart Analysis - Trading Inside the channel#MATIC/USDT #Analysis
Description
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+ The price is currently trading within a channel and has successfully bounced back from the lower boundary.
+ A strong breakout from this channel could drive the price higher.
+ We can enter a long trade at the current price and place the stop-loss (SL) below the support zone.
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VectorAlgo Trade Details
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Entry Price: 0.4240
Stop Loss: 0.3851
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Target 1: 0.4491
Target 2: 0.4783
Target 3: 0.5036
Target 4: 0.5604
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Timeframe: 2H
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
MATIC Price Update and Analysis in Weekly TimeframeMATIC hit the lower support level as expected. Since our previous update, MATIC has dropped 30% and is currently holding within the support range of $0.316 to $0.387.
It is crucial for MATIC to hold this support because if it fails and breaks down, things could turn out poorly.
Key Observations (Remains the same):
~ Lower Support/Entry: $0.387
~ Liquidity Level: $0.316 to $0.387
~ Resistance: $0.9860
~ Long-term Target: $2.923 (All-time high)
DYOR. NFA.
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