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
Maticprediction
MATIC and QUANT - MATIC has more left Comparing MATIC and QUANT structures
As you can see they are extremely similar
Although QUANT in yellow is slightly ahead of MATIC (by 80%)
I expect MATIC to follow QUANT's lead and rise 80% further to where QUANT has topped out right now
Double bottom on the side pattern
MATICUSDT Price growth will continue, but under what scenario?Our previous idea MATICUSDT didn't get too many views and likes, but it's a pity...
Just look at how she works beautifully:
Since the publication of our previous idea, at the maximum point, the increase in the MATICUSD price was +90%. The growth was stopped at the border of the trend line, which sellers have been controlling since the end of December 2021, and above it the price does not get yet.
During the growth, the MATICUSDT price quite easily passed upwards the liquidity zone of $0.67-0.81 and is now trying to establish itself above it.
The main question for the coming days: Will the buyers be able to pushing the MATIC price and still break through the purple trend line. Most likely, the point of struggle between buyers and sellers will be around $0.90
According to the results of the battle, it will be clear which of the scenarios will be activated: blue or red?
Safe entry long either after fixing the Polygon Matic price above the purple trend line or after a deep correction in the area of $0.65
If you are having a profitable long position MATICUSDT is great, but be careful when the price goes up to $0.90. And even better, moving up your stop during the growth, so as not to give your profit to the market.
The next goal for growth MATIC price remains valid from the previous idea - $1.10-1.20
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
MATICUSDT Market Update 28/09/2022MATIC formed inverse head and shoulder and traded near to its neckline. Here we have to keep an eye on a successful breakout of the neckline, which will confirm its bullish move towards the upper marked resistance levels.
If MATIC loses strength and lost its right shoulder path then that would be a sign of another leg down in MATIC. Some further price action will confirm its direction.
MATIC repeating ETH's first run : UPDATE 2022MATIC repeating ETH's first run : UPDATE 2022
check out my old analysis following this idea. the red squiggle from that one played out. was really hoping it wasn't over yet but alas the world seems to be crumbling down and it was already over. just deal with it. life goes on.
there is always another train through the station as long as we haven't nuked ourselves into oblivion.
anwayyyy this seems to be playing out nicely. the chart says it all. the repeating RSI pattern says we've bottomed already. or it seems that way anyway. RSI can be a tricky beast tho, you need to be careful with it.
it does seem like macro wise there has been enough blood but there are some fundamental bad things playing out in the system. war/climate change/massive unraveling of over inflated assets/normal max inflation etc etc so i wouldn't be surprised if it goes down another big leg.
two options there, clearly just wait and see if it all reverses on that first support coming up. then matic maybe a nice play. 250% sounds good to me.
lets see how this one goes. good luck to you fellow degen.
x
MATICUSDT 12h Ahead is a strong upward movement of MATIC priceThe MATICUSDT price has broken through the purple trend line and is also consolidating above the liquidity zone of $0.68-0.8
Also, the MATICUSD price does not react at all to fluctuations in the BTCUSDT price.
It seems that now the accumulation of forces of MATIC buyers is going on before further upward movement.
It seems obvious that a rapid upward movement can start both from the upper limit of the liquidity zone $0.80 and from the lower limit of $0.68.
However, the next target from above is $1.55-1.57 from both starting points
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
MATIC POTENTIAL BULL PENNANT, NEEDS A BREAKOUT !Hi traders, can matic break this pennant for an 80% pump ??
MATICUSDT 1D Great potential for growth, but there are conditionToday we will consider what prospects are emerging for the Maticusdt trading pair
But to begin with, we offer you a look at our previous idea for a Maticusdt pair, which we did 2 months ago.
In it, we noted an important liquidity zone of $0.67-0.81. However, during the fall, there were no buyers in it. This was clearly visible when sellers easy fixed the Matic price below this zone, which in turn is a clear signal for activation of the red scenario.
Today, the chart shows signs of "recovery" and the desire for the Maticusd price to rise a little.
In the coming days/weeks, the $0.67-0.81 zone will act as strong resistance.
To continue the rapid growth with a maximum target of $1.10-1.20 , buyers need to anchor in the liquidity zone of $0.67-0.81 and follow the blue route.
If at the approach of $0.67 there are signs of weakening growth and will start consolidation below this zone, then activation of the red route is possible with a potential correction to $0.45
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
MATIC will continue Bullish movementAs long as it doesnt hit the Stop loss, we are riding the Bullish Trend of Matic. We will wait and see if it moves back up and we will jump into this Long trade
MaticUSD came into the liquidity zone. Next move ?Today, we analyze the global graph of the Maticusdt trade pair
Of course, virtually all of the alts is very painful to respond to the fall of the price of BTCUSDT
However, on the other hand, the price of alts reaches strong liquidity zones, from which were organized good buyback up at the trade history.
So the Maticusd price reached the liquid zone $0.67-0.80 which previously held back the notorious and sharp rainfall in May-June 2022
In the graph, we used a combination of vertical and dynamic fibolevels. Maybe the schedule will be strongly cluttered, but if you look at, can get a lot of beneficial trade information.
All crypto market is now at critical levels where volitional trade decisions will be made. Hence, in close future either organize a worthy rebound up or another wave of a strong fall, which results in traders and investors will be "lick the wounds" for months, if not years ...
Summarizing:
Looking at the schedule, a set of medium-term long position in the liquidity zone $0.67-0.81 with an indicative purpose of sale x2 in the area of $1.45 looks logical.
Fixing the Matic Price below $0.65 will open the way to work out the red scenario.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
MATICUSD Long Period of Low VolatilityAn observation of the MATICUSD log chart which shows a prior long period of low volatility which led to extreme growth
Currently, price is going through a similar 'low volatility' phase, which will also ultimately lead to large gains
Similar price action documented in green
MATICNot financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
Matic Gaussian ChannelSuggesting a recovery at the top of this channel indicator
This recover is post a Rising Wedge formation which is considered a bearish formation, and can be seen to play the part briefly here
Matic - ETH 2017 macro bull pattern ; UPDATEMatic - ETH 2017 macro bull pattern ; UPDATE
Maybe its already cooked. That last wave might just have puttered out.
Though you can look at it two different ways, the indicators paint a bearish outlook. The price action SEEMS like it should make a new all time high,, but,, matics initial waves were MASSIVE so maybe its just run outa steam and compacted at the top.
We'll find out soon enough. I suggest you do so without holding the bag :)
In short I have no idea ; hoping that wave wasn't over and the indicators paint something bullish that makes sense soon.
I am neutral overall here. With buy orders above on FTM /SYS not matic.
gl
MATICUSD AnalysisRising wedge has led to a breakdown back to 0.786, which is a good place for a potential reversal
I would like to see a sort of cup (like on a cup and handle) form following the rising wedge, this places it in a very bullish position
I am hodling MATIC currently
Reversal at 0.786 plz!
MATIC LONG TO $1.85A quick analysis on MATIC using both wave theory, Fibonacci analysis :
Looks like we are in A-B-C correction, subwave 4 of the 5 wave series for Ethereum A-B-C irregular correction
Macro-level
In a complex A-B-C correction
W(A) in orange
W(B) is Blue
Wave(C) is a 5 wave in purple
Micro-level
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1) since we are in Wave (C) its going to be a 5 wave structure. I guess we are just completing W(1) in Wave(C)
2) sw(2) in W(C) went back to $2.46
3) sw(3) in W(C) went to 1.3
4) Sw(4) might go up to 1.85 before it goes down on a sub wave (5)
We need to see if this is going to be an irregular running flat or a normal irregular correction
Appreciate feedback
MATIC (POLYGON) WILL RISE BEFORE DECLINEMATIC (POLYGON) will rise around 38% to 50% for the B wave and after it will draw to the downside for the C wave to reach the target of the 2nd wave. We can see the leading diagonal (rising wedge) on minute wave 1st. When we saw the leading diagonal on 1st wave then the correction for the 2nd wave is generally 61% and the 61% area exactly match with the previous 4th which is also known as a 2nd finishing point so most probably we will finish the correction around $1.5 and I had drawn the target zone as well on the chart. For now, every bounce back is the selling opportunity for traders, and for the investor to wait for 2nd wave correction to finish then you can go long from there.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
#MATIC #POLYGON
MaticUsd update - polygon matic Matic has breached it's important level of 2.011
The fall can be streched to the next support of 1.760
Which could be good value buying zone
MATIC compared with ETH 2017 @@ lfgMATIC compared with ETH 2017
:)
no explanation necessary. damn things almost identical.
now compare it to ada.
the question you should be asking yourself is ; can i get more than 5x elsewhere? and with such apparent guarantee.. im not sure now. the way alts been acting lately (ie basically retracing their entire runs on a lot of them) they look weak asf.
now let us pray this game of musical chairs aint over here. or covid doesn't whip out a more deadly strain for us all.
have wonderful new years degen brother and sisters
x
MATIC LONGHere's the analysis of #MATIC :
#MATIC just broke the #ATH (All Time High) and retraces back. Price made a minor support around $2.42 - $2.46. Well, price is expected to make a fresh #ATH now, but in case price breaking below, $2.20 - $2.26 is the major support zone and a good buy opportunity but with low risk. Price is completely bullish, so better wait for the zone rather the rushing into buys.
MATIC - The beast has awokenShes been hibernating in her den for quite some time. The last of her reserves are used up, the season has changed and its time for her to rise up and eat something.
That something will be your sell orders as you sell too early. Don't worry. This is the way.
MATIC STILL UPTREND ?Until now matic still in uptrend scenario. Price pullback at support area also confluence fibonacci area 0.786 (price around 1690 - 1730).
Price also above EMA 50 in Time frame 1 Day.
When trying to take fibonacci extension we can see area to take profit around :
TP 1 = 2400,
TP 2 = 2581,
TP 3 = 2812.
Stop Loss = Support Area.
note: only take position after confirmation and do your own research before trading.