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!
Maticnetwork
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.
If you found this analysis useful, please like, share, and follow me for more quality updates.
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
MATICUSDT 20022023 Short IdeaOn Hourly chart, MATIC has been trying hard to break and sustained above 1.5500, however it has failed thrice. Further on hourly timeframes MATIC is failing to break previous HH and making Higher lows. 1.4700-1.4800 has becoming important support Zone. Looking at the indicators, candles pattern and chart formation a short position can be taken as per below setup.
MATICUSDT
Entry: 1.4781
SL: 1.5417
TP: 1.3827
RRR: 1.56
MATIC looks bearishHello, everyone!
Let's take a look at the BINANCE:MATICUSDT chart. After the huge downside impulse price is printing the clear upward sloping trend channel. We can also notice that it formed the deviation below this channel. It was the fake breakdown to stimulate traders open short trades.
In such cases price usually tends to create the same deviation to the upside. It could perfectly coincides with the supply zone above. Therefore I expect the MATIC price a little bit higher at $1.8 and crash after that.
Best regards, Ivan
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Polygon MATIC price will double or halve its value in few monthFinally, altcoins have started their upward movement, most of the ideas we have published on different coins over the past 2–3 weeks are in the process of working out the targets.
But the MATICUSDT price did not grow much on the crypto market in the last few days. In fact, the MATIC price was one of the first to break out of the downward trend in the summer of 2022 and has been in a protracted consolidation since then.
The way out of such consolidation will be a powerful impulse movement that will double the value of the Polygon token or halve it.
Therefore, it is very important to monitor the behavior of the MATICUSDT price around $0.75.
Another holding of the price above this level will increase the chance of starting growth to $1.50 per MATIC
However, if sellers can easily push and fix the price below $0.70-0.75, then this will be a signal that keeping MATIC in your portfolio may be unprofitable. After all, because of such conditions, an almost unobstructed path will open for the price to fall to 0.44
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MATIC - Road to 2024MATIC showed so much strength during this bear market.
There is always a downside when it comes to DCAing so the risk is obvious.
This is going to be a long accumulation year so keep the bags small.
I have been very patient with MATIC so imo it’s time to jump in with SMALL BAGS.
Winter is long; bags will get heavier.
MATIC/POLYGON USDT UPDATES
Missed the entry on my analysis, But still almost , were heading on TP2,
The gap being filled already, Im looking on Manipulation upside.
Just dont get trapped.
Trade base on you own decissions,
Come and Check me out for more free Ideas.
MATIC Bearish Chart PatternMATIC/USDT 1 DAY Chart
As per present #MATIC Technical Chart Analysis, based on Bearish Expansion Triangle Pattern, its 3rd final wave nearly completed today now and it's downside last wave will be starts. It's coming next target will be $1.13 and after next #BearishZone starts, next Lower-Low target is $0.69 upto April 2023.
Matic $1.60 follow uplook at previous post, Almost there, DogElonMars just pumped 23%, just need a bit more for the inverted head and shoulders target of $1.60!
pull back after and or consolidate
$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 Weekly View - JANUARY 2023Hello Guys, Weekly Analysis is on the Matic Symbol in a 4H Time frame, I Hope it Will be Useful for You, Don't Forget to Like, Follow, Comment
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
Complex Situation for Matic!maticusdt have complex narrative!
in daily timeframe price reach to $1.29 and now $1.1348 has strong resistance.
if the price unable to pass it, $0.91~$0.85 first support zone and after that $0.74~$0.62 will be second support zone.
$1.55~$1.75 will be first target of bullish senario...
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 NETWORK SHORT TRADEHere you can see that in 1 hour time frame the "MATICUSDT" has a trendline support and the major resistance zone at "1.0298". And you look for a good SHORT TRADE here if the candle takes rejection from the point.
ENTRY - "1.0278"
TARGET - "0.9894"
STOPLOSS - "1.0434"
ENJOY!!!
Polygon Long TermJudging by the moving averages on the weekly timeframe, closing the week below $0.75 will pull us to the level of $0.62. Conversely, staying above the $0.90 resistance is essential for a sustained rise to start. Closing this week with a green candle could target the $0.90 resistance.
Polygon (MATIC/USDT) Poised to hit $1 SoonBitcoin price has been largely bullish since the beginning of 2023 and after recording a series of bullish candles, the bulls apparently look exhausted. It appears that the price corrections are just to attract more liquidity over the platform which is more required to uplift the price to reach the desired target of $20,000 very soon.
In the meantimes some of the altcoins including Polygon(MATIC) are preparing to lay down a firm upswing. To be specific, the MATIC price is believed to rise high beyond $1
The MATIC price currently displaying immense strength as it is about to accomplish a parabolic recovery to reach the neckline of the consolidation.
After reaching the resistance, the price may witness a significant pullback to the lower support around $0.84 and ignite a notable upswing towards the interim resistance at $0.91
Here the bulls are required to hold their strength which may propel the price higher above the crucial resistance at $0.95 which may in turn uplift the price beyond $1
✳️ 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.
💥☃️🌲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.
MATIC: LOOKS PRETTY INTERESTING.Hello folks, I hope you guys are doing great. Here's an update on MATIC in 12 hours timeframe.
MATIC is entering a crucial support zone of $0.72 to $0.76. This has been the exact level from where we witnessed MATIC bounce back to almost 50% to 80%. This time we may have a similar scenario so I am jumping in and will start accumulating more MATIC.
Here's a mid-term trade setup.
Entry level: $0.72 to $0.76.
Stoploss: $0.7.
Targets: 50% to 80%.
Note: Trade at your own risk and with proper research. If you wish to trade with leverage then I would advise you to analyze the chart in a shorter timeframe and then take your trades. For spot, you can start accumulating.
Thank you for reading. You guys are the best.
Trade safely.
