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Maticusd

MATICUSD Inverse Head & Shoulders can aim at 1.400!The Matic Network (MATICUSD) made a strong green 1D candle yesterday, rebounding exactly on the 1D MA50 (blue trend-line). Being a Resistance since early April, Matic has turned the 1D MA50 into a Support and is holding it. There is the Lower Highs trend-line involved since the December 27 High but the pattern that has been developed since the bottom, is a strong indication that this time the trend-line will break. The pattern is as you see an Inverse Head and Shoulders (IH&S), which is technically a bullish reversal pattern and can target as high as the 2.0 Fibonacci extension, which is exactly at 1.400. That is even higher than the 1D MA200 (orange trend-line) that rejected the price last time in late March/ early April. In addition, the 1W RSI broke above its MA line for the first time in 2022, indicating that this bullish move can be sustainable this time. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
MLong
by TradingShot
2
Polygon (MATIC) - July 14Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (MATICUSDT 1W Chart) The interval 0.6163-0.8191 is the interval that determines the trend. Therefore, it is important to be able to support and rise in this section. If it falls below the 0.5590-0.6163 section, it may lead to further declines, so a short-term stop loss is required. (1D chart) If support is found near 0.6163 by the next volatility period around July 29, I would expect further upside. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
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by readCrypto
💡Don't miss the great buy opportunity in MATICUSD @0xPolygonTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.5334). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . MATICUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 77. Take Profits: TP1= @ 0.5752 TP2= @ 0.5969 TP3= @ 0.6270 TP4= @ 0.6565 TP5= @ 0.6843 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
MLong
by ForecastCity_World
4
💡Don't miss the great buy opportunity in MATICUSD @0xPolygonTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.5334). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . MATICUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 77. Take Profits: TP1= @ 0.5752 TP2= @ 0.5969 TP3= @ 0.6270 TP4= @ 0.6565 TP5= @ 0.6843 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
MLong
by ForecastCity
4
MATIC - what we looking atI like MATIC. I think its a solid project and seems to have a legitimate team and agenda behind it. Heres what are looking at ahead in terms of key price areas, support/resistance. Number 1 through 5, these are the big lines ive identified (time will tell how they play out). (Fibonacci mapping from absolute high to local low here.) Price action is grinding up towards the neckline of this inverse head and shoulders and it looks like things are going to coincide with the macro downtrend overhead; that has been in place for quite some time now. I'm expecting some consolidation either below or above the neckline, before a decent break to the upside; the first target of which (Taking the height of the head component for reference) takes us to the 0.786 fib level Im looking forward to what's to come for MATIC
MLong
by t_trad_coach
4
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 :)
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by P_S_trade
22
MATIC/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice. 89% drop already from ATH 97% drop is still possible (extra 8%) This 8% from ATH is consider an 80% drop from current price. RR: 11 Possible upside: 930% Possible downside: 83% This is the highest possible downside from all the other charts I see. I would stay away from margin trading this one. Risk is too big. The thicker the green line, the heavier the support/resistance is.
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by AyoKu
4
MATIC looks excitingReally think there could be some exciting times ahead in this MATIC chart. Looking how things are shaping up, the neckline of the inverse head and shoulders will coincide with the overhead macro resistance potentially very soon, after which, things could be very bullish. I've drawn the two boxes, one green and one red, as i believe if price can get back into the green zone, breaking the LTF resistance, we are bullish (below that line, bearish). Back above the line, that price action below, becomes and deviation of a local low point. I like how the correction here takes us to the 0.618 fib level, and also that it has a channel shape to it. Below i will try and put where my long entries and stop-losses would be.
MLong
by t_trad_coach