MATICUSD 1WMATIC ~ Updated
#MATIC Continue accumulating in this pattern.
The accumulation range is narrowing. It's only a matter of time that this pattern is successfully broken. Target is at least 20%+ for the short term
Maticidea
MATICUSDT Idea | a Bullish TrendA mental plan, and analysis based on a Macro ascending channel and upwards mini channels with slopes of 55 degrees.
The duration of this upward movement is 7 days at most and it is a long-term trade with 40% profit..
BINANCE:MATICUSDT MATIC NETWORK vs USDT and USD
⚠️🚨 Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
✅ Please write any advice or suggestions.
MATIC SHORT IDEAMatic submitted their proposal to USA contracts
No new validators have been accepted (limit of 102)
ass the scenarios look bear. if this goes bear that's my idea of trade
Not a trade signal
#MATIC approaching targets#Matic as ive seen has hammer so its low is the SL which is 1.521 initial buy levels are 1.560 targets of 1.667
UPDATE ON MATICWe had a rough few days... i expect a last move down to 1.33 max and then full bullish run till 1.5
btc is looking good in as much as it closes above 47800- 48000, if that happens we can expect a bull run for altcoins
Stay frosty; profits on the way
MATIC soon to hit 2$,Head and ShouldersHello everyone, as we all know the market action discounts everything :)
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Matic (Polygon) Has been building momentum while other coins were gaining a lot, but yesterday when the other coins started a negative move, Matic started his strong Bullish movement and rose over 24% in 1 day.
The market seems to be trending in an ascending with the market getting higher highs and higher lows. And the Head and Shoulders pattern is confirming right now but we are waiting to see if it's a fake breakout.
Different Market movement Scenarios :
Scenario 1 :
Matic is getting closer to the first resistance line at 1.83866, If the market was able to breakout that line then it will have enough power to break the second line at 1.93733 and from there it will be headed near the major resistance zone at 2.13366 where the big battle will happen between the Bears and Bulls and the outcome will determine the movement of the market for the next period of time.
Scenario 2 :
If the Bears were to take control over the market right now then we will see the market drop down all the way to the first support line at 1.54366 where the Bears power will be tested by the Bulls and the Bulls will try to take control over the market in hope if pushing the market back up. But if they fail then the Bears will be dropping the price near the lower end of the Ascending Channel at 1.34733.
Technical indicators show:
The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish sign)
The MACD is above the 0 line showing that the market is in a Bullish state, With a positive crossover between the MACD line and the Singla line.
The ADX is at 21.52 showing that the market is trending, With a positive crossover between DI+(26.13) and DI-(11.11)
Support & Resistance points :
Support/Resistance
1) 1.54366 1) 1.83866
2) 1.34733 2) 1.93733
3) 1.24866 3) 2.13366
Fundamental point of view :
Polygon's MATIC token is building momentum and could enter a 62% bull rally.
Polygon is showing an impressive optimistic outlook. The scaling solution’s MATIC token appears to have developed a head-and-shoulders pattern on its daily chart since early June. The token is currently forming the right shoulder of the bullish formation. A spike in buying pressure that pushes MATIC above the head-and-shoulders’ neckline could lead to a significant run-up. Slicing through the $1.63 resistance level could mark the beginning of a new uptrend towards $2.64.
Although Polygon is yet to overcome the overhead resistance, behavior analytics platform Santiment reveals that large investors are preparing for prices to advance further.
The holders distribution chart shows that buy orders have been increasing over the last two weeks. Many addresses holding millions of dollars in MATIC, colloquially known as “whales,” have drastically increased their positions. According to Crypto Briefing
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
MATIC - TO FALL TO $1.03 & RISE BY 65% TO $1.68Please support this idea with a LIKE👍
As clearly indicated, we have the neckline H & S pattern at $1.18 - $1.25.
Price is expected to rise from the entry price at $0.167 to this neckline zone.
If price fail to break this neckline, I expect a reversal to the $1.03 to complete the right shoulder before a rise by 65% to $1.68 to complete it's formation.
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MATIC 1D Review of possible options for price movementJudging by the vote in our BTC idea
MATIC is very popular among cryptocurrency traders, and they have high hopes for it.
Let's see if these hopes are justified.
In the previous global idea, we warned that the fall in the price of MATICUSD could start sharply, starting from $2.35
The fall was strong from $2.70 to $0.75
But then we were expected by an equally powerful rebound up from $0.75 to $2.44
Now the price of MATICUSDT has frozen in the area of $1.70, which we marked as critical in the previous global idea.
What to expect from MATICUSDT now, a few scenarios:
1) A positive scenario is a breakout and consolidation of the price above the critical level of $2.10 . In this case, we can expect an increase to $3.15, and maybe even up to $4.20.
2) If sales continue in the zone of $1.70-2.10 , then the fall will continue to the level of $0.95 , from where another strong upward rebound can be expected
3) The total negative on the cryptomarket can lead to an even more powerful fall than in May, to the liquidity zone of $0.30-0.40
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