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Matic

WILL $MATIC BOTTOM AT $0.37 BEFORE THE BULL RUN STARTS?Polygon- A fundamentally strong ecosystem that has been bridging the gap between Web 2 and Web 3 by onboarding new users through various partnerships. $MATIC is the native currency in the ecosystem. The answer to the question in the title is most probably. With this said, lets dive into the analysis below: The current macroeconomy is bearish which limits the growth potential for majority of the asset classes including the Crypto market. This limitation results in fundamentally strong coins/ tokens to stagnate or decline in price. This enables us to position ourselves accordingly for the next bull run. Now we take a look at how we can position ourselves using technical analysis (Pure Price Action). My confluences for expecting lower prices for $MATIC: - The macroeconomy is looking bearish for the coming months. - There is a clear Fair Value Gap between $0.60- $0.68 which will very likely be filled before any rally. - There is Sell Side Liquidity below current price denoted by the $ sign that are attractive for smart money to raid. - There is a Bullish Order Block that has not been tested as yet. I will be looking to take full profit from any Short position I enter upon reaching that Bullish OB around $0.40. Long positions are set to be opened below $0.40 (preferably $0.37). This is Not Financial Advice, this is for educational purposes only. With this said, Happy Trading Pals.
MShort
by Evaliste
MATIC / USDT 1D chart Resistance and SupportHello everyone, welcome to the USDT MATIC chart review. As we can see, the price has broken out of the downtrend line and now we can mark the uptrend channel in which the price is moving with the blue lines. Now let's move on to determining the support for the price and here we see that we first have a strong support zone from $0.82 to $0.70, if the price falls below the designated zone, we can see a drop to around $0.53 and a delta to $0.32. Looking the other way, we see that we have the first resistance at $0.94, if the price goes up, then we have a strong resistance zone from $1.32 to $1.64, only when the price breaks this zone and tests it positively, we will be able to see further increases. Please look at the CHOP index which indicates that we have a lot of energy which, when BTC is falling, can be used for a large correction, the MACD indicator indicates that we are on the verge of entering a downtrend, while looking at the RSI it is difficult to clearly determine the direction.
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by cryptodailyuk
2
Crypto collective intelligence platform to price illiquid assetsWhile the valuation of tokens on-chain and on DEX/CEX exchanges is easily achieved through a traditional order book or various AMMs, there are still massive problems valuing NFTs, pre-IDOs/IPOs, secondary tokens and other illiquid assets. The problem goes so far that even in traditional finance, valuing illiquid assets is usually costly, subjective and involves a lot of work. Lithium addresses the issue of unavailable pricing information of illiquid assets by bringing in accurate pricing through collective intelligence and tokenomics. Lithium is applicable to both digital and real world assets, all Price Seekers have to do is to submit their enquiry attached with a bounty offer to receive genuine pricing information from Price Experts who in turn, are incentivized by our platform’s tokenomics. Dates to remember: Testnet product release (Matic): Target Launch Jun 30th, 2022 Mainnet Beta product release (Matic): Target Launch Sep 30th, 2022 Investors: Almaeda research, Pantera, FBG, Petrock, and much more known VCs. About 25% of the tokens are already in circulation, the remaining 75% will be elicited over the next 4 years, including staking rewards as an incentive for participation in pricing.. We are currently (to this date) 50% below the seed price (0.003$). Potential: The idea and potential to fill a gap in the market that both DeFi and the traditional world are truly unique. The core team has specific knowledge and experience for this project. It is also that the team, with its very many known investors, has a very large network, with extensive ressourecn and enough capital to make ends meet over the next few years. As we are currently below the seed price, the risk/reward ratio here is more than good. It's quite unusual to get into a promising project below seed price of known brands such as Pantera. Short-term: TP: 0,003, 0,0045, 0,006, 0,01, Mid-term: 0,03, 0,06 , 0,1 Long-term 0,15 , 0,20, 0,50 This is not a recommendation to buy or sell or trade $LITH tokens. Do always your own research and never invest more than you can afford to lose. This is not an investment advise.
by Lobotto
1
#Polygon Soars 28% From Q3 Lows, Will MATIC Breach $1?Past Performance of Polygon Polygon could be up 28 percent from September lows, but bears are still in a commanding position. Overly, MATIC is bearish from a top-down preview and consolidating below $1. As long as the coin is trending below this psychological liquidation level and trading volumes are suppressed, traders can search for entries to liquidate. This preview can only shift once there are gains above $0.95, with traders confirming gains of late November 2022. #Polygon Technical Analysis At present, MATIC is consolidating. The path of least resistance in the short term appears northwards. The immediate resistance level is at $0.95, while support remains at $0.88. The optimism stems from the fact that prices are inside the November 30 bullish engulfing bar. From an effort-versus-result perspective, this is bullish, especially now that the recent bars driving MATIC lower are with low volumes. A close above $0.95 may see prices rise, roaring towards $1 in continuation of late November surges. Conversely, if MATIC sellers force prices lower, the coin could crumble, sinking to $0.80 or worse. What to Expect from #MATIC? Polygon is propped by solid fundamentals, looking at the performance in the daily chart. All the same, like the rest of the crypto assets, MATIC is under pressure. Ideally, a close above $1 will trigger demand. But before then, the main resistance level lies at $0.95. Resistance level to watch out for: $0.95 Support level to watch out for: $0.88 Disclaimer: Opinions expressed are not investment advice. Do your research.
MShort
by Bitcoin_Analyzer
Can MATIC be supported on the HA-High line...Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (MATICBTC 1W chart) If the price holds above 0.0000 5049, it is likely to explode the upside force. --------------------------------------- (MATICUSDT 1W chart) On the MATICBTC chart the price is in the high range, but on the MATICUSDT chart this is not the case. This phenomenon is caused by the price fluctuation of USDT following the fluctuation of BTC price. Therefore, the charts we usually see and trade are the MATICUSDT or MATICKRW charts. However, I think the MATICBTC chart serves the same purpose as a dominance chart or an index chart, showing the strength of MATIC when the BTC price starts to show an upward trend. Therefore, even if the price on the MATICUSDT or MATICKRW chart declines, if the MATICBTC chart maintains the price, eventually MATIC will show an increase in price. In this sense, looking at the MATICUSDT chart, it can be interpreted that if the price is maintained in the 0.6164-0.8191 range or higher, it is likely to show an uptrend. So, if it goes up, I expect it to touch around 1.2246. (1D chart) The question is whether the price can hold above 0.8647 and rise above 0.9486 -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
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by readCrypto
1
BTC has more downsideAfter large sellofs we saw an uptrend in this channel here. With a few breaks above channel as seen by triangles and dipping back into the channel it gives me some indication that it doesnt have what it takes to stay above that upper trendline and cannot break above this resistane channel. Each break above decreased in size and failed to do so in the last attempt showing weakness. I am expecting a breakdown. Trade safe have fun! Like and follow for more like this!
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by Verum0
1
MATIC The Scenario Is coming to Realisation💲💲MATIC The Scenario Is coming to Realisation 💲We have dropped into the support zone exactly as I predicted in my last post: 💲Is it time to go up? 💲Everything looks like it. 💲After falling to the support zone I set last time. 💲If we break through the nearest resistance zone and start a continuation of the increases. 💲The strongest resistance zone around 1.06 is within reach. 💲The scenario I'm playing out is a continuation of the increases to the levels of the strong support zone marked on the chart. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💲*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
MLong
by InvestMate
12
MATIC / USDT 1D chart Resistance and SupportHello everyone, let's look at the MATIC to USDT chart on a 1 day time frame. as you can see, the price, after a fairly large drop, started to return along the uptrend line and gave an increase of 227%, and then began to move in the sideways trend channel. Now let's look at what supports MATIC has on its way and we see that we have the first support at $0.81, the second support at $0.70 and the third support at $0.53. Looking the other way, we will check resistance points for the price that we should take into account in the longer term. The first resistance is at $1.03, the second at $1.20 and the third at $1.45. It is also worth marking the local uptrend line above which the price is still holding. As you can see, the CHOP index indicates that the energy is highly charged, the MACD indicates that we are in an uptrend, and the RSI shows that we are in the middle of the range, which may indicate a further sideways trend.
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by cryptodailyuk