✳️ MATIC Network vs Bitcoin | A Very Difficult PositionHere is a great example of a chart that we do not trade... I will explain the reason why.
MATICBTC has shown great resilience, amazing strength because it remains trading near its All-Time High while the entire cryptocurrency market was going through a terrible bear market.
Now, we have many technicals that support the bulls such as a strong RSI and prices trading above EMA50, so why avoid a chart like this one?
The markets are unpredictable...
Anything can happen at all times and this chart is a great example.
Now, the only way to trade spot on is on the long side...
The lower the price, the higher the potential for growth.
The higher the price, the higher the potential for a drop.
While this pair can continue to grow for years to come...
We have a double top long-term, one in May 2021 another one in November 2022.
This is not good.
We look for pairs that are bottomed out or trading near a strong support.
Once support is tested and holds there is high probabilities for prices to move up.
In case a breakout fails, we have a tight stop-loss. 5%-15%.
While on a chart like this one there is lots of room for prices to drop.
Here are some examples of charts where you see support being challenged an a potential for the trend to reverse:
✳️ Chiliz vs Bitcoin | Very Interesting (66 to 114% Potential)
✴️ Fantom Looking Like July 2021... 2,180% Wave To Go UP!
✳️ Kava Rebound Points To Easy 40%, Up To 100% Possible
✳️ Ethereum Classic vs Bitcoin Fully Mapped (70% to 198%)
✳️ Zcash About To Print Strong 100%+ Growth!
Notice that they are bottomed out while MATIC is trading near its All-Time High.
Thank you for sharing.
Namaste.
MATICBTC
Could it rise above the key point of 0.8647...Happy new year!
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
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(MATICBTC 1W chart)
If the price holds above the 0.0000 4151 to 0.0000 4415 range, the upward force is expected to remain.
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(MATICUSDT 1M Chart)
The question is whether it can break out of the downtrend line by holding the price above 0.7778.
(1W chart)
In order to continue the mid- to long-term upward trend, the key is whether it can rise above 0.8647.
If not, you should check for support around 0.6201.
(1D chart)
Since the M-Signal on the 1M chart and the M-Signal on the 1W chart are passing around 0.8647, the important question is whether it can rise above 0.8647.
To do so, it is necessary to check whether it can be supported around 0.7778.
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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.
** SR_R_C 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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MATIC - The probability of forming a range trend is higherMATIC continued its downward trend during the past week. The break of a support in the area of the previous floor, i.e. the price of $0.76, led to the formation of a new bearish wave in the daily time. But because other supports are at lower levels, the failure of this area has not yet been confirmed. Therefore, we can expect a range trend from MATIC this week. We can check this case more precisely in 4 hours time. In the 4-hour period, a double bottom pattern has formed in the range of $0.75, which, if the pattern is confirmed, the price can grow to the resistance of $0.78-0.79. On the other hand, due to the formation of a lower floor in the daily time, this resistance can work, and reduce the price again. Therefore, the probability of forming a range trend is higher.
💥☃️🌲Polygon Analyze (Road Map)!!!🗺️💥☃️🌲☃️💥💐🌲Merry Christmas 💥💐🌲☃️
Today, I want to show you the polygon road map🗺️.
Polygon is running on the main wave 4.
The structure of main wave 4 is a zigzag correction.
It seems that the polygon has started the microwave C of main wave 4.
I tried to show you the end of main wave 4 (zones) in my chart.
🔆Suggestion: If you want to add MATIC to your portfolio, you can wait for lower prices.
Polygon Analyze (MATICUSDT) Timeframe Weekly⏰ (Log Scale).
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Polygon Massive BullflagWe can see a massive bullflag on the matic/btc chart.
There has already been a break-out and the retest of the upper resistance line confirms the pattern.
Expecting upside moves in the next year to come.
MATIC CAN DROP MOREI hope you are fine
According to the change of structure and substructure area, I think that matic may fall more.
If we reach the FVG zone, I will look for SELL/SHORT trades.
Comment if you have any questions
Thank You
MATIC/USDT 1DAY UPDATE BY @CRYPTOSANDERSHello, 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 another notable token to fall today, with prices also moving lower for a third straight day.
Following a high of $0.891 on Thursday, MATIC/USD dropped to a bottom of $0.8483 earlier in the day.
As a result of this drop, the polygon moved to its lowest point since November 30, when prices hit a bottom of $0.837
MATIC has since rebounded from earlier lows and is currently trading at $0.8569, which is still nearly 4% lower than Thursday’s floor.
This slight rebound comes as the RSI rejected a breakout of a point of support at the 43.00 level, and the index is currently at the 44.26 mark.
Historically, bulls have used this floor as a point of reentry, and should this reoccur, then we could see MATIC move back toward the $0.90 level.
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
MATICMatic bottoms around .20c IMO. The triangle/diagonal is very constructive & makes me think MSTIC can lead the next altseason 2023.
I've been charting this for many months now in my group & we are waiting for this juicy op. ;)
MATIC won´t be different. When to buy?Most likely Matic (Polygon) won´t be different. It will go down together with the whole crypto market.
On the chart you can see 2 possible scenarios. The direction is down.
Because of the FTX drama, the sentiment is bearish and probably it will remain bearish for awhile.
In the next days or weeks we may see more crypto firms announcing their bankruptcy therefore altcoins won´t perform well.
Welcome to crypto market!
MATIC 4H ANALYSIS Matic very well project.
Resistance $0.90 ,0.95,$1
Support $0.85
Matic trying $1 Breakout.
Matic Long Term Vision $5
Matic
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.
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(MATICBTC 1W chart)
If the price holds above 0.0000 5049, it is likely to explode the upside force.
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(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
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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.
** 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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MATIC/USDT 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:-Buyers controlled the price action in the past seven days when MATIC registered a 9.3% price increase. This uptrend is expected to continue, but the bulls will face strong resistance at $1, where the price was rejected before in the past.
The current support is found at $0.9078, and MATIC has always moved higher from that point in the past few months. This also places MATIC in a large range between $1 and $0.74.
Looking ahead, MATIC may attempt another break of the key resistance at $1, but it will be a tough ask. Sellers always came back at those price levels, and they could return again, which may push the price back below this psychological level.
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 zones based on previous BTC ideahi guys, Matic has always been a great investment even when other coins in the market are not healthy.
but this time, please decide wisely as some major drops are also possible.
support zones are shown in the chart. the blue line is the pivot. All my bearish idea will be expired if the price goes above the pivot.
leave out your opinion in the comment section below
Matic - Good Opportunity
MATICUSDT :
is on a Good opportunity for sell or buy.
but in my opinion , long side have better chance.
if price can break YELLOW area and hold , you can enter to a good long position.
if price can break RED area and hold , you can enter to a good long position.
Keep an eye on it.
MATIC's price fluctuated between the res and sup!MATIC had a range trend during the last week. The price of this currency fluctuated between the resistance and support levels that were intended for it. After the selling pressure pushed the price of MATIC to the support range of 0.750 to 0.790 dollars, a positive reaction and increased demand were observed in the MATIC trend. Also, from above, the resistance that was considered in the range of 0.890 to 0.950 dollars has been associated with a negative reaction. Therefore, the range area is completely clear.
As long as the buyers cannot return the price above the current resistance, the downward trend is expected to continue in the higher timeframe. One of the main and important resistances of MATIC is the price of $1 and also the range of $1 to $1.07, which we expect a negative reaction if the price hits this area. Also, one of the most important support levels of MATIC is considered at the price of 0.62-0.66 dollars, which has not yet been priced at this pullback level. So it can be associated with a good reaction. The price is barely above the Ichimoku cloud.
MATIC/BTC Bearish Analysis ( Adam & Eve Pattern ) Expecting -70%#MATIC/BTC Technical Analysis:-
#Matic Chart currently trading around 5142 Satoshi
And Also Trading at Strong and All time High Resistance level.
As Per chart Adam & Eve chart Pattern Forming on TOP so IMO it’s bearish Because Adam & Eve Chart max Form at Bottom for Bullish confirmations.
So IMO this will be Trap so Be aware at this Level if you are Planning to Buy/Long in BTC Pair.
If I am talking about Long Term MATIC/BTC price analysis then I am bearish and Expecting -70% more down from this Level.
We can see max 10-20% Upward spike before Big Down Move.
Exit Points:- 5200-6200 Satoshi
Targets:- 3600/2500/1800 Satoshi
This Is Spot chart Analysis so don’t try to Enter in Leverage trade.
Support:- 3600/2500/1800 Satoshi
Resistance:- 6000 Satoshi
Polygon (MATIC) - November 26Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
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(MATICBTC 1W chart)
It is showing a tendency to decline from the high point range of 0.0000 5049 to 0.0000 5393.
If there is a sharp downtrend when it drops below 0.0000 5049, there is a possibility that it will touch the next support range, 0.0000 2954 ~ 0.0000 3337.
However, we must not forget that it has an upward force until it falls below 0.0000 2954.
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(MATICUSDT 1W chart)
The 0.6164-0.8191 interval is the one that determines the trend.
Therefore, it is important to be able to climb with support in this section.
If it fails to get support, if it falls below 0.5590, it is likely to take a plunge, so be careful.
(1D chart)
The question is whether the price can sustain itself by moving up to or above the 0.8883-0.9486 range.
If not, you should check for support in the 0.6164-0.8191 interval.
A rise to the 0.8883-0.9486 zone is expected to lead to a move towards the 1.0813 area.
-------------------------------------------------- -------------------------------------------
** 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.
** SR_R_C 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.)
---------------------------------
#MATIC/USDT Trade Setup 54% Potential Pump. RR 1:9Welcome to this quick trade setup, everyone!
Recent trades posted:-
1. BTC /USDT (Running in Profit)
2. ETH/USDT (Running in Profit)
3. CHZ/USDT (In Accumulation)
4. CHR/USDT (Running in Profit)
5. MATIC/USDT (In Accumulation)
Entry:- $0.8075 TO $0.8611
(6.22% is the accumulation range from CMP so plan your entry accordingly)
Stop Loss:- $0.7576
Recommended Leverage:- 3x- 5x
Target:- Open (Possibly 35% to 54%)
RR 1:9 (Highly Lucrative)
This is not financial advice. Always DYOR.
These are my trades.
Do not cry in the comments if you can't afford the Stop Loss or go for 125x gambling.
I am ready to take the SL if it gets hit.
Trade only if you can afford the SL.
Do the maths before you enter the trades and manage your risks properly.
Fund preservation is our foremost priority.
If you like me to post more please share this idea with your friends and communities and hit the like button.
I have been with you in the bullish days and the bearish days.
We are going to have an amazing bull run for sure.
Cheers!
Thank you
#PEACE
MATIC maintained its bearish momentum last week!MATIC maintained its bearish momentum last week and has returned to the $0.85 support zone after reacting to the $0.90 resistance. Support has been associated with a positive reaction several times and has prevented the price from falling further. But note that selling pressure is high in the market, and the possibility of breaking this support level is very high. Therefore, if the support area of $0.80 is broken, the price drop can continue at least to $0.66-0.70.
This range is the floor of the last upward wave and also the ceiling of the last downward wave in the past of the price and is related to the daily time frame. Therefore, it is considered an important supply and demand area. For this reason, it can have a positive reaction. But note that if selling pressure increases and this support is broken, with a pullback to this area, we can expect a heavier fall for MATIC to the $0.53 range. If you look at the weekly MATIC chart, you can see that if the daily supply and demand range is broken, the potential for forming a double ceiling pattern and confirming this pattern is very likely. In this case, the price reduction can even continue until close to the $0.50 range. Therefore, maintaining the $0.70 support area is very important for MATIC investors.
MATIC - Will the price see a bounce?Here's a quick look at the Matic daily chart . As we can see, the price is currently oscillating within the bigger rising channel and is approaching the bottom. If the price bounces from the bottom of the rising channel , we may see a 50% rise to the top of the channel! But if the price breaks below the channel and doesn't manage to hold the support zone , then we may get down to 0.4$ or even lower! It all depends on the movement of BTC - If BTC goes south then MATIC is very likely to follow.
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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 fall as well. Trade safe!
Matic can test previous supportsMATIC / USDT
Price is setting on weak trendline of rising wedge which is a bearish pattern
Incase of breakdown price will target the previous support
Keep an eye
