Matic holder be warned. Matic looks dreadful. Market structure shows clear distribution has already started.
Entry Strategy:
I’d be looking to short any push into the 1.28 resistance, HOWEVER, we might just not get that chance. Calculate your own risk/reward and take the trade if you like it.
Exit Strategy:
If this coin does start dumping seriously you’ll want to take profits earlier rather than later. There’s been quite a lot of fud regarding matic recently and you wouldn’t want to risk not being able to exit your position. This coin has the potential to be trading at 35 cents in the near future so be extremely careful bagholders!
Will update when this starts dumping!
MATICBTC
Navigating MATIC's Volatility: Important Support and Resistance Hello and welcome to my technical analysis of the MATIC/USDT trading pair.
Currently, MATIC is trading at $1.27. Based on the chart analysis, it appears that the ascending trendline has broken down, indicating a bearish trend in the short term.
Moreover, the high time frame (HTF) ascending trendline support has turned into resistance, and $1.30 is the current resistance level.
Thus, it would be wise to wait for confirmation before opening any trade.
If the price falls below the recent low of $1.193, then we can expect the price to drop further to around $1
However, if the price breaks upward at $1.35, then we can expect a bullish trend.
It is essential to keep an eye on the support and resistance levels, with the support levels at $1.07 and $0.90 and the resistance levels at $1.35 and $1.52
Additionally, the RSI is not in the overbought area. A good entry point would be when the RSI hits below 30.
In conclusion, it is important to make trading decisions based on confirmation and not blindly.
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Thank you.
Regards:-
CryptoPatel
$Matic - End of PUMP Era - Retest $0.3Matic printing BEAR FLAG pattern just like $BTC did Jan-Apr 2022 (TERRA LUNA COLLAPSE)
POLYGON had already gone through big announcements and finally Sell the HYPE?
And ARBITRUM taking the edge over POLYGON
Complacency Phase. Expecting New All Time Low
MATIC/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this MATIC/USDT 1DAY chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Polygon (MATIC) was one of last week’s big movers, however, it has now fallen for a fourth straight session.
MATIC/USD dropped to a bottom at $1.41 on Tuesday, less than a day after the price was trading at $1.50.
On Saturday, polygon bulls pushed prices deep into the overbought territory by leading the token to its strongest point since last April.
As a result of this overbuying, bears saw this as an opportunity to reenter the market, sending the RSI from a high of 75.10 to a current reading of 62.70.
The index is now hovering marginally above a floor at 62.00, and should this be broken, bears could attempt to extend recent declines.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
MATIC usdt shortsetup 4 hourBINANCE:MATICUSDT
Heres my key Targets for MATIC rightnow.
TIGHT STOPLOSS ..
SHORT
LET'S GET THIS CRYPTO !!
BINANCE:MATICUSDT
MATIC trade setup The idea is: Buy when the price breaks above 1.535$ and take profits at the levels shown in the chart.
Targets:
1. 1.56$
2. 1.62$
3. 1.68$
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What's a Fair Value Gap (FVG) ?:
A fair value gap is the difference between a financial instrument's theoretical value and market value, such as a derivative or security. It can indicate a misprizing opportunity for traders to profit by buying or selling at the misprized level. In other words, there is a gap in the price in which some open orders still need to be filled. The price will return to fill the orders.
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern in the event of failure.
3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
MATICBTC Long-term Ascending Triangle shows Matic break-outThe MATICBTC pair has been trading inside an Ascending Triangle since July 2022 with the 1W MA50 (red trend-line) supporting. The Fibonacci Channel levels show that as the 1D RSI is approaching its Lower Highs (Bearish Divergence against the Higher Lows of the Ascending Triangle), we could see a pull-back. This is highly possible within a 0.00005800 - 0.00006650 Resistance Zone that is holding since May 19 2021.
Likely to see ascending trading within Fib 0.236 - 0.618 until Resistance 2 breaks. The top of the Ascending Triangle break-out should be within the 1.618 Channel Fib and the 2.0 horizontal Fib extensions. In our view above 0.0001100.
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The birth of a new strongman???Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
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(MATICBTC 1W chart)
If price stays above the uptrend line (1), it is expected to renew a new ATH.
It seems to be a coin with a very high possibility of becoming a new powerhouse.
Therefore, it is necessary to check the movement of coins (tokens) related to the Polygon coin ecosystem.
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(MATICUSDT 1D chart)
The question is whether it can break the uptrend line by moving higher above 1.3340.
If not, you should check for support around 1.0731-1.1688.
If it fails to move above 1.3340, a pullback towards 0.8647, near the lower end of the rising channel, is likely.
So, you need to see if there is any movement coming out of the uptrend channel.
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** 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.
** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at ().
(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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MATICUSDT: Long Position to 2.7159Hey guys. According to the chart we see in the correction waves "abc" and to completed to the c wave at 2.7159 . Be enjoy and share friends
$MATIC #MATIC | LTF SHORTThe red box most probably will work as resistance so i looking at bearish breakers (retracement etc.) around $1.29 .
If the price loses redbox ASAP, the price may dump more than we expect.
Resistances can be seen in the chart.
MATIC♾️ breakoutWassup guys! Polygon broke up this triangle📐 and I think there is chance for run to 1.1340 and even higher, but we could see some correction first. I traded the initial breakout but one can set BUY LIMIT order to previous range high to catch🎣 the potential pullback. As always ... don't chase the market, let the market come to you.
ENTRY : local high @ 1.0185
STOPLOSS (SL) : local low @ 0.9760
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 1.1340
REWARD RISK RATIO (RRR) : 2.65
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
The next targetsThe buying pressure under the resistance range of 1.055 dollars caused this resistance level to be broken. Therefore, the next target of buyers can be considered in the range of 1.25 to 1.30 dollars. Also, breaking this resistance has caused the price to exit the range channel, which we can consider a higher target as the second target for MATIC. This resistance is considered in the range of 1.61 to 1.71 dollars.
MATIC/USDT :: Soon the triangle will be broken !!!MATIC/USDT :::
Price ceilings are formed on the same level and price floors are closed above each other, and these events have caused a great triangle to form.
The best thing to do in such cases is to wait until the price finds its way and exits the triangle .
MATIC 3D BUYMATIC 3D support is now at ~$0.82
Enter 50% at the current price
and try to set some BUY orders near the support zone
If MATIC stays above the trendline,
the Take-Profit target would be 5%, 10%, and 15% from your entry
Cheers
MATIC/BTCOk, Polygon have 13 red daily candles in a row! It´s a lot :D..
I reckon that if Bitcoin keeps falling, Matic will probably follow him, but I won't miss this purchase (who knows).
In addition, MATIC can be well evaluated by staking, and also it is one of best alt, so HODL.
My position 2233..
Matic Price Analysis 4 HOUR CHART Hello and thanks for taking a look!
So here we see that Matic is coming up to a very important/ STRONG resistance LVL that NEEDS to be switched to SUPPORT IF the COIN wants to head up Higher to the upside.
We must get above the 1.0354 LVl. Then a possible target could be around the 1.123 LVL
ON THE FLIPSIDE
If we can't break this RESISTANCE We could see the coin drop back down to test the .97 - .92 LVLS AND lower.
This is just my simple quick opinion on the coin :)
HAVE an AMAZING day out there guys!
Matic could flyMATIC forming inverse head and sholder patern which means posible leg up.
Lets see, good luck!
MATIC - Poised for big against against BTC if history repeatsMATICBTC broke out to the upside of its 18 month channel and is confirming support above it. If we get a strong move to the upside, we may have a repeat of 2021. I'm long here.
Large range channelMATIC is inside a large range channel in the daily timeframe between the resistance of $1.0751 and the support of $0.7475. The weekly MATIC candle has a long upper shadow; if it closes like this, the price correction could be deep. Therefore, the support level considered for MATIC is $0.8487. So, if we see signs of support, we expect price growth again.
Polygon #MATIC updatePolygon (previously Matic Network) 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.
There was a strong positive reaction from the supportMATIC had acceptable price growth last week. After the price reached the $0.7500 range, there was a strong positive reaction, and we saw an 8% retracement of the MATIC price. The previous resistance level in the range of $0.7984 to $0.8267 has been accompanied by a negative reaction. But the bullish candles below this resistance are being compressed, which indicates the possible failure of this resistance in the coming days. The new MATIC resistance support levels are carefully considered, and the range trend can end if any of the levels are broken. The price movement can also continue to the following levels according to the width of the range channel. If the short-term conditions of the market remain favorable, there is a possibility of breaking the resistance and reaching the target of 0.8741 to 0.9079 dollars. The Smart Money indicator confirms the current resistance support ranges.
