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Polygon (Matic) To Retest ATH, Next Stop $3.24 @ 127.20% FibsPolygon (Matic) To Retest ATH, Next Stop $3.24 @ 127.20% Fibs, $3.94 @ 161.80% Fibs and $5.26 @ 227.20% Fibs. Strong buy signal for Matic was triggered on the lower time frame (1H Chart) on the swing call script. 58% Gain from current price to the 127.20% Fibs @ $3.24. See previous analysis below. Happy trading :). $Matic $Polygon Matic New ATH $2.70 🎯(80% Gain from Buy Zone) Update: 18/ 05 /21 See previous analysis below. Happy trading :) Polygon (Matic) Update: $1.78 Target Hit. Next Stop $2 at the 161.80% Fibs. 20% Gain from current price level to $2. Next Target after $2 at $2.58, 54% Gain from the current price level. See previous analysis below. Happy Trading :) Polygon (Matic) Update 14/ 05 /21: Matic in Price discovery , our next target price $1.78 at the 227.20 Fibonacci extension . Targets Hit $1, $1.30, Next Stop $1.35 (7% Gain). With this continued momentum to the upside, it is a 43% Gain from current price level @ $1.24 to the 227.20% Fibonacci extension at $1.78. See previous analysis below :) Polygon (Matic) Update 30/04/21: Target Hit @127.20% Fibonacci level, New ATH @ $0.90 140% Gained from this parabolic move! Next Stop $1, . Polygon (Previously known as Matic) Update 27/03/2021) poised to test another New ATH @ $0.67 (15% Gain) from the current price @ $0.58. On the 25th April the 13 EMA crossed up above the 50 SMA signalling a strong buy signal, Polygon gained 70% from this parabolic move back to the ATH levels which were tested last in early March. Our next price target from here is $0.80 (37% Gain) to the 161.8% Fibonacci level. See previous analaysis below :) Polygon (Previously known as Matic) Update 25/03/2021) poised for another test of New ATH @ $0.67 (93% Gain) Polygon (Matic) poised for another test of New ATH @ $0.67 (93% Gain). From Buy Zone 1 Matic has retraced 18% and is now sitting in our Buy Zone to DCA and accumulate. If we continue to retrace to the 23.60% Fibonacci level, expect an explosive move back towards the 61.80% Fibonacci level @ $0.43 (47% Gain). Since reaching the ATH we have failed to break past the 61.80% level but a further retracement to the 23.60% should get the Bulls back in the market and we can expect to finally break through this level after 4 failed attempts from the current ATH . Huge parabolic move still on the cards here, be patient, DCA if you are already riding the wave or look to enter for a potential 93%+ Gain. See previous analysis below. Happy Trading :) Update 20/03/2021 Since reaching a new ATH @ $0.57 after a Buy signal came from our script, Matic retraced down to $0.32 and is currently sitting in our Buy Zone to re-enter Buys to DCA /Accumulate at the 38.20% Fibonacci level @ $0.35. We expect another huge parabolic move for Matic to test the previous ATH @ $0.57 and further push towards the 127.20% Fibonacci level @ $0.67 in search of a new ATH , there is a potential Gain of 93% from the current price level. Be patient use current Buy zones to enter or re-enter to DCA /Accumulate from the current price level. Current Stochastics show an extremely oversold market and we are confident Matic will be in search of new highs in the coming days. Happy Trading :) Update 20/03/2021 Nice set up from Buy Zone 1, potential test of the 50 SMA before bouncing back to the upside. #MaticUsd *Update* Matic has hit our 161.80% Fibonacci Target @ $0.58. Great buy for everyone that got in and accumulated more coins at the critical buy zone areas. Polygon (Matic) Buy Opportunity! Potential 68% Gain. Great Performance throughout the past month from Matic, this cryptocurrency is showing very strong continuation bullish momentum with HH and LL in a bullish range growing just over 240% over the past month. Matic seems to have found some resistance short-term between the 61.80%-78.60% showing indications of a weak retracement. Buy zone from current price level at 50% ($0.37) Fibonacci level for a sniper entry, but will also be looking to accumulate more coins around the 50% Fib level. Wait for price action, further confirmation from Stochastics showing oversold market before entering any Buys. Potential 68% Gain from Buy Zone 1 to 127.20 Fibonacci Level @ 0.68. The road to $1 Polygon (Matic) is clear. Use buy zones to map out your buys and DCA to accumulate more coins. What is Polygon? Previously known as Matic Network, Polygon is a framework for building interconnected blockchain networks. It seeks to address some of Ethereum’s major limitations—including its throughput, poor user experience (high speed and delayed transactions), and lack of community governance—using a novel sidechain solution. Rather than being a simple scaling solution like its predecessor Matic Network—which uses a technology known as Plasma to process transactions off-chain before finalizing them on the Ethereum main chain—Polygon is designed to be an entire platform designed for launching interoperable blockchains. Through Polygon, developers can launch pre-set blockchain networks with attributes tailored to their needs. These can be further customized with a growing range of modules, which allow developers to create sovereign blockchains with more specific functionality. Key Notes: The race is on to be the first interoperability solution to go fully live. Polygon’s proof-of-stake chain and Plasma scaling solution are live, but developers can’t yet launch their own standalone or shared security chains on Polygon until these features are released. Likewise, neither ZK-rollups nor optimistic rollups have been launched on the network, with Plasma currently the only scaling solution available on Polygon. Polygon’s rivals are also rushing to go live with their offerings. As of March 2021, Polkadot has yet to launch public parachains; and while Cosmos’ Stargate upgrade has seen the launch of its Inter blockchain Communication Protocol ( IBC ), it won’t become fully operational until IBC transactions are enabled on the network.
MLong
by CryptocurrencyMagnet
4
Polygon (Matic) Update:Next Stop $1, $1.30, $1.35 Next few weeksPolygon (Matic) Update 07/05/21:Next Stop $1, $1.30, $1.35 Next few weeks. 93% Gain from current price level to the 161.80% Fibonacci extension at $1.35. See previous analysis below :) Polygon (Matic) Update 30/04/21: Target Hit @127.20% Fibonacci level, New ATH @ $0.90 140% Gained from this parabolic move! Next Stop $1, . Polygon (Previously known as Matic) Update 27/03/2021) poised to test another New ATH @ $0.67 (15% Gain) from the current price @ $0.58. On the 25th April the 13 EMA crossed up above the 50 SMA signalling a strong buy signal, Polygon gained 70% from this parabolic move back to the ATH levels which were tested last in early March. Our next price target from here is $0.80 (37% Gain) to the 161.8% Fibonacci level. See previous analaysis below :) Polygon (Previously known as Matic) Update 25/03/2021) poised for another test of New ATH @ $0.67 (93% Gain) Polygon (Matic) poised for another test of New ATH @ $0.67 (93% Gain). From Buy Zone 1 Matic has retraced 18% and is now sitting in our Buy Zone to DCA and accumulate. If we continue to retrace to the 23.60% Fibonacci level, expect an explosive move back towards the 61.80% Fibonacci level @ $0.43 (47% Gain). Since reaching the ATH we have failed to break past the 61.80% level but a further retracement to the 23.60% should get the Bulls back in the market and we can expect to finally break through this level after 4 failed attempts from the current ATH . Huge parabolic move still on the cards here, be patient, DCA if you are already riding the wave or look to enter for a potential 93%+ Gain. See previous analysis below. Happy Trading :) Update 20/03/2021 Since reaching a new ATH @ $0.57 after a Buy signal came from our script, Matic retraced down to $0.32 and is currently sitting in our Buy Zone to re-enter Buys to DCA /Accumulate at the 38.20% Fibonacci level @ $0.35. We expect another huge parabolic move for Matic to test the previous ATH @ $0.57 and further push towards the 127.20% Fibonacci level @ $0.67 in search of a new ATH , there is a potential Gain of 93% from the current price level. Be patient use current Buy zones to enter or re-enter to DCA /Accumulate from the current price level. Current Stochastics show an extremely oversold market and we are confident Matic will be in search of new highs in the coming days. Happy Trading :) Update 20/03/2021 Nice set up from Buy Zone 1, potential test of the 50 SMA before bouncing back to the upside. #MaticUsd *Update* Matic has hit our 161.80% Fibonacci Target @ $0.58. Great buy for everyone that got in and accumulated more coins at the critical buy zone areas. Polygon (Matic) Buy Opportunity! Potential 68% Gain. Great Performance throughout the past month from Matic, this cryptocurrency is showing very strong continuation bullish momentum with HH and LL in a bullish range growing just over 240% over the past month. Matic seems to have found some resistance short-term between the 61.80%-78.60% showing indications of a weak retracement. Buy zone from current price level at 50% ($0.37) Fibonacci level for a sniper entry, but will also be looking to accumulate more coins around the 50% Fib level. Wait for price action, further confirmation from Stochastics showing oversold market before entering any Buys. Potential 68% Gain from Buy Zone 1 to 127.20 Fibonacci Level @ 0.68. The road to $1 Polygon (Matic) is clear. Use buy zones to map out your buys and DCA to accumulate more coins. What is Polygon? Previously known as Matic Network, Polygon is a framework for building interconnected blockchain networks. It seeks to address some of Ethereum’s major limitations—including its throughput, poor user experience (high speed and delayed transactions), and lack of community governance—using a novel sidechain solution. Rather than being a simple scaling solution like its predecessor Matic Network—which uses a technology known as Plasma to process transactions off-chain before finalizing them on the Ethereum main chain—Polygon is designed to be an entire platform designed for launching interoperable blockchains. Through Polygon, developers can launch pre-set blockchain networks with attributes tailored to their needs. These can be further customized with a growing range of modules, which allow developers to create sovereign blockchains with more specific functionality. Key Notes: The race is on to be the first interoperability solution to go fully live. Polygon’s proof-of-stake chain and Plasma scaling solution are live, but developers can’t yet launch their own standalone or shared security chains on Polygon until these features are released. Likewise, neither ZK-rollups nor optimistic rollups have been launched on the network, with Plasma currently the only scaling solution available on Polygon. Polygon’s rivals are also rushing to go live with their offerings. As of March 2021, Polkadot has yet to launch public parachains; and while Cosmos’ Stargate upgrade has seen the launch of its Inter blockchain Communication Protocol ( IBC ), it won’t become fully operational until IBC transactions are enabled on the network.
MLong
by CryptocurrencyMagnet
2
Matic Network A Big Setup For Big MoveHey friends, hope you are well, and welcome to the new update on Matic Network. Breakout from the triangle: In my previous post, we have seen that the pricline of Matic was moving in a triangle, and based on some indicators we were expecting a breakout. Finally, the pricline has broken out the resistance of this pattern. Breaking out the $0.04 resistance: In the long-term, the price line is moving between $0.012 to $0.04 support and resistance levels. At the moment, the price action of Matic is trying to break out the resistance. The stochastic is also strong bullish. Big bullish Butterfly move: With the Bitcoin pair, the price action of Matic Network has completed a big bullish Butterfly pattern on a long-term 2-week chart and moving up from the potential reversal zone of this pattern. Different support and resistance levels and indicators: With the Bitcoin pair on the weekly chart, the price action has been bounced from 0.00000049 btc support and moving towards the next resistance at 0.00000130 btc. The RSI is moving up from the oversold zone and the stochastic has also given bull cross from the oversold area and the MACD has turned strong bullish. Conclusion: Even though with the US Dollar pair, the price action of Matic Network is struggling at the strong resistance of $0.04. But with Bitcoin pair, it has completed a very big bullish setup. Therefore, it is possible that when the priceline will start a massive rally in the Bitcoin market then it will also break out of the $0.04 resistance as well. For exact buy and sell targets for this trade, and other harmonic trading signals you can join: www.patreon.com
MLong
by moon333
4
Matic has completed big Butterfly for upto 300% moveHey dear friends, hope you are well and welcome to the new update on Matic Network (MATIC) On the long-term 2-weekly chart, the price action of the Matic Network has completed the last leg of the bullish Butterfly pattern and entered in the potential reversal zone. Possible profit and loss ratio: This trade has a huge profit possibility of 300%, and the high loss possibility up to 47%. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade. For exact buy and sell targets for this trade, and other harmonic trading signals you can join: www.patreon.com
MLong
by moon333
2
Matic Network Big Dump Then A Pump Within December 2020Hey friends, hope you are well and welcome to the new update on Matic network. On daily chart, since first week of Nov 2020, the priceline o Matic token is moving within an up channel. At this time the price action of Matic network is moving down to the support of this channel. This time there are strong chances that the priceline may breakdown the support of this channel. Because, the price action is completing a Head & Shoulder pattern. While the formation of H & S the price action of Matic is also completing the final leg of bullish Shark pattern. Therefore there is strong possibility of bullish rally after this dump by the head and shoulder move. The buying and sell targets as per Fibonacci sequence of Shark can be as below: Potential reversal or buying zone: 0.00000085 to 0.00000076 btc Fibonacci projection or sell zone: 0.00000095 to 0.00000115 btc Conclusion: There is a possibility of extreme dump, for the completion of final bearish leg therefore we can place our buying orders in PRZ level of Shark move. But the same potential reversal zone should be used as a stop loss as well.
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by moon333
1
Matic Network | A Big Gartley Setup For Big Bullish MoveHi friends this hope you are well and welcome to the new update on Matic network token. The Matic token is again gearing up and so far it has moved more than 20%. In today's article we will do analysis on this token. The movement within the parallel channel: In my previous post we have seen that the price action of Matic network is moving within a parallel channel since December 2019. And the movement of the priceline within this channel is very much synchronized with Stochastic and Directional movement indicators. As we can observe that whenever the price action moves at the support of channel and the stochastic gives bull cross then finally when the positive directional indicator crosses up the negative directional indicator then the price action of Matic token moves up to the resistance of the channel. In my previous post the price action was trying to breakout the resistance of the channel. But unfortunately it is dropped down again. But this time the priceline of Matic token did not drop up to the support of the channel. And almost from the middle of the channel the price action again has started moving up. The reason is that before the price action reaches at the support the stochastic indicators gave bull cross from the oversold zone and positive directional indicator moved up without crossing down the negative directional indicator. After these bullish signals the price action moved up and so far we have seen more than 20% bullish move. At this time the bollinger bands is squeezed that is another indication that the price action can soon make a big to up or down side. The important role of MA7 with MA 25 combination: In my previous papers I described that it on the long-term weekly chart of Matic network the simple moving average with the time period of 7 with the combination of simple moving average with the time period of 25 has a very important role. As in the month of November 2019 we have witnessed when the 7 simple moving average crossed up the 25 simple moving average then it produced more than 247% bullish move. And I was expecting that when the 7 SMA will again cross up the 25 simple moving average then it canl produce another rally. And finally in the first week of June 2020 we received this bull cross between the moving average 7 and the simple moving average with the time period of 25. And so far the price action is moved more than 20% up. The Cup & Handle formation: Another reason for gearing up of Matic network is the formation of Cup & Handle pattern with consistency. As in my previous post have seen that priceline of Matic token completed the cup and handle pattern in Feb 2020 and produced more than 65% rally and started the formation of the next cup and handle. When I posted my previous article at that time the price action was moving down to complete the handle of the cup. I was expecting that it will be moved up to 0.618 Fibonacci retracement level. And as per expectations the priceline of Matic token retraced up to this 0.618 golden ratio and now gearing up. A very big harmonic Gartley move: If we switch to the 2 month time period chart. Then it is revealed that the price action of Matic network has formed a very big bullish Gartley pattern. After the first leg the A to B leg is retraced upto 0.786 Fibonacci retracement level that is a 1st confirmation of Gartley. Then B 2 C leg is projected between 0.382 to 0.886 Fibonacci projection (here I have ignored some extra spike) and this is the projection of A to B leg. And this is the second confirmation of bullish Gartley. And finally the price action has been retraced between 0.618 to 0.786 Fibonacci retracement level and this is the final confirmation that Gartley pattern has been completed. Now as per Fibonacci sequence of this pattern the buying and sell zone or the potential reversal zone and Fibonacci projection of this pattern are as below: Potential reversal zone or buying zone: 0.00000249 to 0.00000161 sats Fibonacci projection or sell zone: 0.00000320 to 0.00000485 sats Even though we can see that the price action has already spiked up to the sell zone but I am expecting that it will start a sequence of bullish candlesticks that will be completely entered in the sell zone soon. Conclusion: All chart patterns from short term to long term and the indicators as well are giving signals that the price action my again hit the resistance of the channel. However the movement of the priceline up to the support is still due, therefore we should take care of the stop loss strictly. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
MLong
by moon333
MATIC price action soon. Weekly EMA resistance.The 12 EMA (yellow) weekly has been strong resistance for the past couple of weeks now. Price is consolidating between the 12 EMA and bottom yellow dotted trendline within triangle. I reckon everyone's waiting for the coinbase listing as Binance nears its deadline(Sep 12) for US customers to move out of their exchange. Could be a make it or break it moment for MATIC. So I'm expecting to see some big price action. So keep a close eye on coinbase/matic twitter feed.
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by Detective_Conan