MATIC/USDT 4H Chart ReviewHello everyone, let's look at the 4H MATIC to USDT chart as we can see that the price is staying on a lopsided uptrend line.
Let's start by setting goals for the near future that we can include:
T1 = $0.73
T2 = $0.76
T3 = $0.79
AND
T4 = $0.82
Now let's move on to the stop-loss in case of further market declines:
SL1 = $0.67
SL2 = $0.64
AND
SL3 = $0.56
When we look at the RSI and STOCH indicators, we can see that the indicators are low and we additionally rely on the trend line, which may affect the price maintenance.
Matic
📈🔍 MATIC Long Trade Analysis 🔄💼Trade Overview:
MATIC has shown strong support around the $0.67 level for almost a month, making it an opportune level for entering a long spot trade.
Trade Setup:
Entry: Enter into a long spot trade at the $0.67 level of support.
Take Profit: Aim for profit targets at $0.85 - $0.90 and the next resistance area at $1.07 - $1.15.
Stop Loss: Set the stop loss just below $0.65 to manage risk effectively.
📊🛡️ Exercise caution and closely monitor MATIC's price movement for trade management! #MATICTrading #CryptoAnalysis 📉🚀
MATIC ANALYSIS (2H)MATIC seems to have formed a diametric from the bottom on the hourly time frame.
It now appears to be in the middle of wave E.
In the supply range, you can look for sell/short positions (scalpi).
Closing a 4-hour candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Polygon Matic price is at the bottom of global consolidationDuring the recent correction of the crypto market, the price of #MATICUSDT fell quite a bit, as for an altcoin from the top 20
However, the aggressive buyback of CRYPTOCAP:MATIC started from the critical zone, and this is good. Perhaps it was around $0.60 that big money was ready to buy.
Whether this is true or not, we will soon find out, because if the price of the #Polygon token is to start its upward trend, it should not more allowed to fall below $0.60
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Polygon MATIC Intraday Trade SetupThe chart highlights breakout/rejection points, criteria, and targets to execute on the trade opportunity.
Matic USDTMATIC Setup. After a confirmed breakout from the marked zone in green, we could take an entry at 0.7924. Remember stop loss is your friend. Everything is on the chart.
Entry 0.7924
S.L 0.7092
T.P 1 0.8598
T.P 2 0.9483
T.P 3 1.0664
T.P 4 1.1854
MATIC could be ETH cycle 1MATIC could be ETH cycle 1, so far Matic is far from done. The chart clearly shows us the market maker movement in accumulation phase and about to take off.
Good for long-term investment asset layer 1 coin.
📈MATIC Analysis: Waiting for Box Breakout in 4-Hour Timeframe🚀🔍Today's market saw a notable rebound from a crucial support level, reaffirming the buying opportunity for investors keen on sustaining prices above this support. As emphasized in previous analyses, the breach of this support and subsequent consolidation below it would likely signal a bearish trend, making position opening challenging until proximity to this support.
⚡️Currently, Bitcoin has undergone a minor upward correction, with altcoins also nearing the upper bounds of their respective boxes. The coin under scrutiny today is Matic (MATIC), with analysis focused on the 4-hour timeframe. Matic is currently confined within a box ranging from 0.6449 to 0.7491.
🔔Utilizing the volume fixed range profile indicator reveals balanced volumes within the box, suggesting a prudent approach of waiting for a breakout before considering positions. Therefore, the entry point for a long position is at 0.7491, while for a short position, it's at 0.6449.
📈For long positions, consider targeting the area around 0.8685, a strong supply zone where price rejection may occur. Conversely, for short positions, 0.5057 serves as a suitable target, offering robust support and aligning with the 1 Fibonacci extension.
✅However, the optimal exit strategy entails waiting for a trend reversal before exiting the position. This advanced approach necessitates a deep understanding of market dynamics and significant trading experience.
📊Additionally, dwindling volumes indicate waning trader interest within this range. When traders, especially those with significant trading volumes, are disinterested, it's prudent for others to refrain from trading.
💎For RSI confirmation, breaking above 64.27 could serve as a signal for long positions. However, given the market's lack of momentum, reliance solely on momentum indicators like RSI may not be advisable.
📝In conclusion, exercising patience for a breakout from the current box range is prudent for Matic traders, with strategic entry and exit points crucial for successful trading amid prevailing market conditions.
MATICUSD 1WMATIC ~ 1W
#MATIC The movement of CRYPTOCAP:MATIC is increasingly limited in this pattern. It looks like Whales still maintain Support in this pattern.
We are still long-term bullish on #MaticUSD as long as price still maintains this support.
MATIC: RARE Pattern ! Three Drive spotted 📉📉 MATIC - USDT 📈
The three-drive is a rare price pattern formed by three consecutive symmetrical moves (or drives) up or down. In its bullish form, the market is making three final drives to a bottom before an uptrend forms. In a bearish three-drive, it is peaking before the bears take over. this means that we SHOULD bottom soon, at least. And the next landing zone could be a good accumulation point.
At first glance, it may appear bullish - since the price is now consolidating under a "resistance zone", which is normally a bullish indicator when the price is INCREASING, but not when the price is decreasing.
This is infact not consolidation under a resistance zone, but should be seen instead as another failed bounce on a key support zone.
The immediate price we can expect to see in the short term is 0.59c, however this zone was already tested with a wick - meaning it will be weaker when we head there for a second test.
Although it's a great alt to have as a part of your diversified portfolio; I've been bearish on Matic for a while, with my previous update also cautioning sell for short term:
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BINANCE:MATICUSDT
Polygon $MATIC overview#Matic price is in long period falling channel. #polygon tested the top of channel but declined hard and bearish continuation occured after bear patterns. Now price may have a relief rally by hitting the orange box but i say MAY BE.
In mid term (several months) period, #MATICUSD price expected to visit 1/2 #usd zone or channel low. Not financial advice.
MATIC Road Map(1-Hour)🗺️!!!BINANCE:MATICUSDT
Observation: We are retesting the current major resistance and the point of interest, expecting to see a pullback to the upside to it and then we see a rejection.
Falling wedge pattern is bearish, we can break below of it. But it could be either for a continuation to the downside or a fake-out then we break from above of the resistance.
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.
MaticusdtMatic usdt is ready to turn and will target 2.4 $ mark, once that's taken out, it will target a new all time high.
Entry - 0.72
SL - 0.41$
Target 1 - 1.9$
Target - 2 - 2.4$
Target - 3 - 3$
I Think MATICUSDT Will Breakout SoonA large triangle can be obtained using previous highs.
MATIC is testing the trend line for the third significant time.
I think this trend line will be broken and MATIC will break out upwards
I'm very bullish
I think of MATICs chart as ETHs was in its early days
$MATIC 's chart looks bearish in mid term#MATIC #POLYGON 's long term bearish channel continues.Tried a fake out 1 month ago but the price 1.30 #usdt declined at top of the channel.With this weakening, retraces to mid of the channel is necessary, this means at least 1/2 of the price.If news emerge and break 1 #usd again, that is the invalidation of this scenario. Not financial advice.
🔥 MATIC On Bear Market Support: Big Reversal Coming?With BTC trading bearish over the last few weeks, alts have taken a big hit. MATIC is one of the alts who has practially lost all the gains over the last half year in a matter of weeks.
However, MATIC has found support on the main bear market support (purple). This signal is based on the idea that the support will hold and that both alts and BTC will reverse from extreme oversold conditions.
Stop below the recent low, target at the main bearmarket top.
Matichell , oo ,
well, matic, simple minds.
i want to collect all the evidence before the final act.
the film was not over yet.
Matic will do 70x
how i know this? because i see the future.
3$ Minimum for this Bullun
📈MATIC Analysis: Key Support Area⚡️🔍Today, our focus is on MATIC, which finds itself on a significant support level in the 4-hour timeframe, presenting a vital opportunity for its progress path.
☢️Following the Iran-Israel conflict news, the entire market experienced sharp declines, leading to a more rational market condition. The previous sharp wave corrected to the 0.382 Fibonacci level, and currently, with the breach of $0.6449, we could anticipate another downward movement.
📊Red candle volumes continue to surpass green candles, confirming the downtrend. Additionally, the SMA25 indicator approaching the price could potentially drive it downwards, serving as validation for the continuation of the trend. If SMA25 fails to exert downward pressure, the market may enter a range until SMA99 aligns with the price.
📉The short trigger lies at $0.6449, coinciding with the support breach, validating the Fibonacci continuation level as a good entry point. Simultaneously, if the RSI closes below 34.25, it further confirms the entry, providing additional confidence.
📈For long positions, a trigger at $0.7491 could be suitable, requiring at least one price reaction to establish a higher low. In such a scenario, the price has returned from the 0.382 level but failed to breach the main support, indicating seller exhaustion.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
MATIC IS READY FOR FIFTH ROUND OF BULLISH WAVEMATIC might have been completed 4th wave of downtrend inside triangle pattern. We need the price to stay above 0.52 level in order to be bullish. Soon it is expected to catch bullish momentum once BTC melting stops.
Just bought into MATIC during the dip for my long-term portfolioJust bought into Matic during the dip for my long-term spot portfolio. Excited to see where this gem takes us! 💎
Analyzing MATIC: Identifying Long-Term Entry Points at $0.75As a quantitative analyst and algorithmic trader, I am currently crafting a spot portfolio aimed at achieving over 100% profit in the crypto market.
My algorithmic trading approach operates within a cloud-based system featuring two distinct edges tailored to capture different market trends: the medium-term edge, situated closer to the current market price, and the long-term edge, positioned further away.
When the medium-term edge surpasses the long-term one, signaling an upward trend, the cloud indicator shifts to green. Conversely, if the medium-term trend falls below the long-term one, indicating a downward trend, the cloud transitions to yellow.
According to my personal strategy, targeting the sharp edges of the cloud presents favorable retracement opportunities, prompting me to become a long-term Metic buyer at these points.
Please be advised that any market analysis presented herein is solely for informational purposes and should not be interpreted as financial advice or a trading signal.
