#MATIC/USDT#MATIC
The price is moving within a descending channel pattern on a 4-hour frame, which is a retracement pattern
We have a bounce from a green support area at 0.6000
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it
Entry price is 0.6270
The first target is 0.6582
The second goal is 0.7218
The third goal is 0.7742
Matic
These ALTS can still EXPLODE - ALTSEASON 2.0Missed the rallies? Don't worry! Here's a list of alts that still has BIG UPSIDE Potential!
1) CROUSDT / OKX:CROUSDT
2) LINK / BINANCE:LINKUSDT
LINK is 53% from the FIRST TP point... and still an incredible amount of upside beyond this point:
3) MATIC / BINANCE:MATICUSDT
MATIC is about to retest a very important support zone for the third time, and a triple bottom would be significantly bullish (IF it holds):
4) Fantom / BINANCE:FTMUSDT
FTM seems bearish for the short term, but it's over 400% away from the previous ATH! There great upside potential her is you have some patience. I'd be looking to buy in the yellow zone:
5) Litecoin / BINANCE:LTCUSDT
And last but not least, Litecoin as seen on the front chart. LTC is about to re-enter the accumulation zone, where it normally doesn't stay long - it could consolidate here for some time, but upside is usually the next logical step after Litecoin enters the accumulation zone.
Again, you may need some patience but if you're willing to hold you could score big time on these altcoins!
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MATIC Nears Crucial Support Level: Key Insights and Triggers🔍MATIC (Polygon) is approaching a critical support level. Here's an in-depth analysis to guide your trading decisions.
📆Coin of the Day: MATIC (Polygon)
About the Project
MATIC is a layer-2 scaling solution for Ethereum, known for its low transaction fees and extensive use in the DeFi space.
🧩Technical Analysis
4-Hour Timeframe
This analysis focuses on futures trading, highlighting multiple scenarios.
📉Support and Resistance: The price has reached the bottom of its consolidation range, with key support at $0.6449. A confirmed break below this level could signal further downside. The immediate resistance levels are at $0.6676 and $0.7491.
📈Bullish Scenario: If MATIC can hold above the $0.6449 support level and Bitcoin stabilizes, a potential bounce could occur. Key resistance levels to watch are $0.6676 and $0.7491. A break above these levels would indicate renewed bullish momentum.
📉Bearish Scenario: Bitcoin has recently been rejected from a significant supply zone, contributing to MATIC's decline. A break below $0.6449, confirmed by a retest, could lead to further downside, with the next support level at $0.5057.
📊Volume and RSI: Volume has been decreasing overall, except for a significant sell-off candle recently. The RSI has broken down, indicating bearish momentum. Key RSI levels to watch are 24.46 and 23.29 for potential oversold conditions.
💡Key Triggers: Monitor the price action around the $0.6449 support level. A break and retest of this level could provide a clear signal for further downside. Conversely, a hold above this level, coupled with stabilization in Bitcoin, could trigger a potential bounce.
👨💻Trading Positions
Long Position
Entry Trigger: Hold above $0.6449 with confirmation from RSI and volume.
Strategy: Open a position on the hold of this level, targeting $0.6676 and $0.7491. Use tight stop-loss orders to manage risk.
Short Position
Entry Trigger: Break and retest below $0.6449.
Strategy: Open a position if the price confirms a break below this level, targeting $0.5057. Adjust stop-loss orders accordingly.
📝MATIC is testing a crucial support level, with significant implications for future price movements. Traders should monitor key levels and triggers for potential entries and exits. Volume and RSI indicate bearish momentum, while support at $0.6449 is pivotal.
🧠💼Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2.
🫶If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
Alikze »» FIL | Big C or 3 wave scenarioIn the daily and weekly time, it is moving in an upward channel, which according to the previous analysis , the last wave had the ability to grow to around 100% of the previous wave, after which it faced correction, which was correctly mentioned in the updates of the previous post. And extended to the specified area of correction.
💎 First scenario: Therefore, if this last correction, which is extended in the form of three waves up to the green box range, is completed and its structure does not constitute a complex combination correction, we can expect a sharp super cycle of wave C or 3 from it. In the first step, it will conquer the ceiling of the previous major and after that it can touch the specified supply area.
💎 Alternative scenario: If the green box range is broken, this correction can extend further to the $4 range and then to $3.125, in which case it should be updated again.
If the behavior and structure of the post changes, it will be updated.
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MATIC/USDT A successful breakout the resistance will be bullish!💎 Paradisers, MATIC is indeed displaying intriguing movements that warrant close attention.
💎 Currently, in the accumulation phase, MATIC has shown resilience by bouncing when it reached the demand area around 0.696 to 0.675. This suggests a potential continuation of the upward movement, aiming to confront the resistance of the accumulation phase.
💎 If MATIC successfully breaks above the resistance at 0.77, it could signify a bullish momentum, potentially leading to significant upward movement with the target set at the supply zone around 0.91.
💎 Breaking above the supply zone is essential for reinstating a bullish trend in the mid-term and could pave the way for reaching our target strong resistance area.
💎 However, if MATIC faces rejection at the resistance area, it may retreat to retest the demand zone, or even descend further to the strong support area around 0.631. Historical data indicates that MATIC tends to bounce back upward when reaching this strong support level.
💎 The bullish scenario would be invalidated if the daily candle closes below the strong support area. In such a case, there's a possibility of further downward movement and deeper dips in price.
MyCryptoParadise
iFeel the success🌴
Polygon (MATIC) Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development
Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.
the Matic price has recorded more than 10% gains in the last seven days despite the broader crypto market’s sluggish conditions plus matic has been gaining daily active addresses (DAA) during this bullish price action. DAA figures spiked by over 60% in the span of just a few days. Onchain data also highlighted that over the last seven days, new addresses jumped by 12% while active addresses noted a 19.98% uptick.
usdt pair looks good but btc pair looks even better and in short period of time matic can hit 0.9 , 1.1 , 1.3 and 1.5 dollar.
MATIC has bottomed here..Think this coin has a ~15x move ahead of it..
MATIC/ETH pair has likely bottomed...
AggLayer and POL token should eventually drop giving it a nice narrative to propel it.
$MATIC GOOG TO BUY FROM HERE#MATIC is always a good buy, especially at the local lows!
I set buy orders in the orange zone, this is a long-term spot trade.
BINANCE:MATICUSDT
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MATICUSDT LongMatic H1 chart, we see new strong bullish OrderBlock . Target price is 0.7160 level. Bulls can reach this level easily, so we can find some good entry here.
Will MATIC reach $1 above in coming months?MATIC is struggling to break out from $0.60s and $0.70s due to low volume and short liquidation leverage.
If a breakout from $0.75 (resistance) can expect to reach $1.20
Reminder on MATICUSDThe large triangle is forming similar to the one prior to the 2021 breakout
I expect MATICUSD to melt faces post this triangle breakout
I have posted a chart like this before but it becomes more relevant everyday
BULLISH
MATIC/USDT Ready For a Bullish Reversal the Key Support💎#MATICUSDT is navigating an ascending channel and is currently poised to retest the channel's lower support. We anticipate that the support at $0.674 will hold and set the stage for a bullish reversal that could reach the channel's upper resistance.
💎However, if #Polygon fails to maintain the $0.674 support and breaks below, this could signal an extended downward trend. The subsequent critical demand zone at $0.630 is vital to watch, known for its strong liquidity and history of catalyzing significant upward movements.
💎On the other side, if CRYPTOCAP:MATIC revisits this demand zone, securing a strong rebound is essential to sustain support. Failure to rebound could intensify bearish momentum, worsening market sentiment, and potentially leading to further price declines.
💎Stay alert and ready to adapt, Paradisers. Your ParadiseTeam is vigilantly monitoring and prepared to guide you through the volatile dynamics of the #MATIC market.
MyCryptoParadise
iFeel the success
Will MATIC move towards $1.6Altcoins with small capitalization (young/new) have already made huge increases in the bull market, and what about altcoins with larger capitalization? The boom doesn't apply to them? I present to you possible growth scenarios with potential key places for continued growth. The first scenario assumes increases after repeating the 1:1 black correction, i.e. wave 2 as wave 4. The condition is that the price will rise above 1.54usdt. The second scenario is a flat ABC correction, where the condition is that the price increases to the red zone without breaking the top of wave 1 and falls to the green zone as wave C, ending the correction, after which I assume increases. Regards.
Alikze »» CRV | Congestion exit and dynamic trigger failureIn the weekly time, after a complex correction, now after exiting the concentration, it can take two paths in the face of the resistance ahead, of course,
🔰in the lower time, a shadow has been cast on the green box area. Therefore, after breaking the red bar, it will have the ability to grow up to the first supply zone, and if it continues, it can touch the second supply zone. If the behavior and structure of the post changes, it will be updated.
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MATICUSDT.4HBased on the technical analysis of the MATIC/USDT 4-hour chart provided, here’s a detailed and professional first-person analysis in English:
Upon examining the MATIC/USDT 4-hour chart, several key technical indicators and levels emerge, providing insights into potential price movements.
Trend and Resistance Analysis:
The chart shows that Matic (MATIC) has been in a consolidative phase with the current price around 0.7497 USD. The price is currently trading between the support and resistance levels, attempting to break above the immediate resistance level marked as R1, around 0.9511 USD. A successful breakout above this level could lead the price to test the next significant resistance at R2, which is around 1.2900 USD. The overall trend shows a gradual upward slope supported by a rising trend line (S1), indicating increasing buying pressure.
Support Levels:
On the downside, the primary support level is identified as S1 at 0.5885 USD. This level has shown strong buying interest previously and could act as a floor if the price starts to decline. The rising trend line further reinforces this support level, suggesting strong demand around this price zone.
RSI and MACD Indicators:
The Relative Strength Index (RSI) is currently at 50.72, indicating a neutral position. The RSI is in the middle range, suggesting that the market is not overbought or oversold, allowing for potential upward movement. The Moving Average Convergence Divergence (MACD) indicator shows a neutral to slightly bullish trend, with the MACD line (blue) close to the signal line (orange)
and the histogram indicating minimal momentum. This suggests that while there is no strong momentum currently, the potential for bullish movement exists.
Volume Analysis:
The volume pattern indicates moderate trading activity, with no significant spikes during recent price movements. This balanced participation from both buyers and sellers contributes to the current consolidation phase.
Conclusion:
In conclusion, the MATIC/USDT pair is currently in a consolidative phase with a neutral to slightly bullish bias. The RSI indicates a neutral position, while the MACD suggests a potential for building bullish momentum. Traders should closely monitor the support levels at 0.5885 USD and the resistance levels at 0.9511 USD and 1.2900 USD. A break above the resistance levels would confirm a bullish trend continuation, while a failure to hold the support levels could lead to further declines.
Overall, the market sentiment for MATIC remains cautiously optimistic, with critical attention needed at the aforementioned levels and indicators to make informed trading decisions.
Polygon (MATIC) UpdateLooking at the MATICUSDT chart ( BINANCE:MATICUSDT ), it seems like the price might be getting ready for a breakout! Over the past few days, the price has been consolidating within a neutral channel, which could be a sign of potential built-up energy. If this happens, the price could break through the resistance line (the upper boundary of the channel) and head towards the higher levels within the upward price channel.
In simpler terms: MATIC's price has been holding steady recently, but it might be ready to make a move soon. There's a chance it could break out and climb higher!
Note: this is not financial advice, and it's always a good idea to do your own research before making any investment decisions.
#MATIC/USDT#MATIC
The price is moving in a head and shoulders pattern on the 4-hour frame and sticking to it well
We are now at the end of the formation of the right shoulder, and a rebound to the upside is expected
We have a tendency to stabilize above the Moving Average 100
We are oversold on the RSI indicator and we have a downtrend that is expected to break higher to support the rise
Entry price is 0.7300
The first goal is 0.800
The second goal is 0.860
The third goal is 0.9270
🔥 MATIC Massive Triangle: Accumulation Before Break OutMATIC has been trading inside this massive triangle for over 2 years at this point. Chances are that it will take another year before MATIC will finally break out of this pattern.
In my view, this triangle is a huge accumulation area where traders are loading in their bags in preparation for the next leg up.
This can really fly once we break out. Time will tell. Patience is key.
MATICUSD - Gaussian Channel Indicator ShiftA shift from the bearish red channel to the green bullish state is seen on this Weekly timeframe
Expecting incredible results from MATIC/Polygon.
Observational post.
Very bullish.
waiting for the prince MATIC to arrive,that's where the work Matic has so many significant support levels on the daily chart that one cannot ignore them. The areas I have identified are crucial Fibonacci points. On the daily chart, one must wait for Matic's prince to react in those areas.
182% with leverage x2 on MATICEntry from current levels, I also take leverage x2 for myself.
TP - $1.29
SL - $0.5
Achieving goals in 2 to 6 weeks.
This is not financial advice. Whatever you do, you do at your own risk!
