MATIC ABOUT TO PUMP 200% FROM HEREMATIC is currently breaking out of a 3-year descending triangle pattern reversal, which is bullish sign of continued upward movement.
2,80 could be the target for long term which is just under the ATH.
Maticusd
Completion of 2-year consolidation Polygon MATIC price is near!The MATICUSDT price now is in the liquidity zone, where it will be decided whether it is a winner or a loser.
In order to grow further, it is necessary to shake out "extra passengers" from long positions. In other words, a breakout of the Matic price below $0.73 should activate stop orders.
In such a trading situation, keeping a pending limit order in the range of $0.60-0.63 might be a good idea.
On the other hand, a similar trading pattern was already seen in the second half of 2022. Back then, "buyers" didn't let everyone who want to buy below the liquid zone, but pushed the MATICUSD price up from "the base" to update local highs.
What will happen this time? Write your thoughts in the comments.
LONG $MATIC: DAILY and a possible WXY formation ended/ingLONG BINANCE:MATICUSDT.P
My take is that MATIC has been forming and may now have ended (else is close to ending) a complex triple three (3-3-3) WXY correction.
Said correction is, as per Elliott Wave theory, comprised of a combinations of corrective patterns.
I spot three ossible ABC´s within the WXY-
Target area for Y wave has been hit at $0.7713 , and may still go a little further towards $0.6704, but needs not to as we have a full pattern.
Said development would align with the expected ending of Bitcoin´s own correction which "could" finish some place between $37.800 and $35.460 (bearish view) or could have bottomed in this last swing low at $38.540 (I find it less likely but yet possible).
In a word:
LONG MATIC from here up until at least $0.9345 and then... we shall see ;).
Cryptolean Polygon MATIC UpdatePolygon MATIC declined into the daily range zone between $0.89 and $1.01 where we will continue to observe a slow and choppy price action.
A bullish break-out of $1.01 will result in a move to re-test $1.14-$1.20.
A bearish rejection of $1.01 will push MATIC price in the key daily support at $0.89.
And, a bearish break-out of $0.89 and a sustained price action below this support will make bears active towards $0.75.
MATIC Polygon Potential Retracement SoonIf you haven`t bought MATIC before the rally:
Then using the Fibonacci Retracement tool, I believe there will be a new buy opportunity in the $0.92- $0.98 range!
MATIC Liquidation HeatmapMATIC
short Liquidation
1.1794
1.3068
if there short squeeze
there is 2 price
MATICUSDT to hit weekly support zone before bounceThe price was rejected from monthly resistance MR1 and currently it is trading between monthly resistance MR1 and weekly support WS1. The price had reached MR1 zone after trading for a longer period around WS1 zone. I believe, the likelihood of the price hitting this weekly support zone WS1 is high. This will allow the price to bounce again from that zone. This bounce may allow the price to aim for the MR1 zone again.
#MATIC/USDT#MATIC
The price recently reached the first target of 0.8400, which is a moving average of 100 on
a 3-day frame
It achieved approximately 70% rise
After the descending triangle and the downtrend were broken, which opened the way for the rise
Supported by saturation on MACD
It is expected that a slight correction will occur before the rise to the second target at 1.1400 continues
Then the second target is 1.4446
This represents 300% since the downward trend was broken
Cryptolean Chainlink MATIC Update Polygon MATIC declined sharply to $1.01, the key daily support.
A bullish reversal from $1.01 is likely and will result in a bullish move to re-test $1.07 and the key daily resistance zone of $1.14-$1.20.
A bearish break-out of $1.01 will push #MATIC price in the daily range zone and will increase probability of a deeper correction towards the next support at $0.89.
Intraday Chart
The MATICUSDT 4-Hour chart is bearish and teasing the resistance at $1.07.
A bearish rejection of $1.07 will lead to $1.01 and lower to the key support zone of $0.86-$0.92, where I will be closely watching the MATIC price action, as the bullish rejection of this zone is possible.
A bullish break-out of $1.07 will lead to a re-test of $1.13 and, possibly, $1.19, however the price action may be slow and choppy.
Support once read!
Thank you.
MATIC - TIME FOR EXHAUST?The asset broke out of the symmetrical triangle pattern.
Sticking with established patterns, the initial liquidation target is forecast at 1.5642.
The identified strong support zone is between 1.1 and 0.96.
In the immediate area, the nearest resistance zone extends from 1.35 to 1.5.
A potential struggle is expected in this range, which is likely to lead to subsequent liquidation (x), followed by a local correction.
The prospects seem promising; let's remain optimistic.
Polygon MATIC ABC AnalysisI could be wrong but it is a possible possibility. Remember everything is still cheap
$MATIC Longer Term AnalysisHere is the next project in my long term buy list: MATIC. I will be adding more MATIC on the dips to my buy zones shown on the chart: 0.7234 and below.
Here are some key facts about the MATIC coin and the Polygon ecosystem:
High Scalability Solution: Polygon provides a scaling solution for Ethereum, one of the biggest challenges in the blockchain space. It enhances transaction speeds and reduces costs significantly, making blockchain technology more practical for everyday use.
Ethereum Compatibility: Despite being a scalability solution, Polygon remains inherently compatible with Ethereum. This compatibility means that developers can easily port their existing Ethereum DApps onto Polygon without significant changes, benefiting from higher performance and lower costs.
Robust Layer 2 Network: Polygon operates as a Layer 2 network, sitting atop the Ethereum blockchain. This layer provides additional structure to process transactions off the main Ethereum chain (Layer 1), ensuring faster and more efficient transaction processing.
Support for Multiple Scaling Solutions: Polygon is not limited to a single scaling technique; it supports a variety of approaches like Plasma, zkRollups, and Optimistic Rollups. This versatility allows it to cater to different needs and use cases in the blockchain ecosystem.
Growing Ecosystem of DApps: Polygon has a rapidly growing ecosystem of decentralized applications (DApps). This range includes everything from DeFi and NFT platforms to gaming and social applications, showcasing the network's versatility and developer-friendly nature.
Decentralized Governance: Polygon employs a decentralized governance model, involving MATIC token holders in decision-making processes. This democratic approach ensures that the network evolves in alignment with the community's needs and interests.
Energy Efficiency: Compared to traditional Proof of Work (PoW) networks, Polygon's Proof of Stake (PoS) consensus mechanism is more energy-efficient, addressing environmental concerns associated with blockchain technology.
Global Adoption and Partnerships: Polygon has seen widespread adoption and has formed numerous partnerships across various industries. These collaborations span from DeFi to entertainment, indicating its broad appeal and utility.
Strong Developer Support and Tools: Polygon offers robust support and tools for developers, including easy-to-use SDKs, APIs, and frameworks. This support fosters innovation and simplifies the development of blockchain-based applications.
Commitment to Continuous Improvement: The Polygon team is committed to continuous improvement and innovation, actively working to introduce new features and enhancements that address the evolving needs of the blockchain community.
MATIC and the Polygon network stand out for their innovative approach to blockchain scalability, compatibility with Ethereum, and a strong commitment to fostering a diverse and thriving ecosystem, making them pivotal players in the blockchain and cryptocurrency space.
#Matic - Do you like these Bull market targetsMatic is currently in an accelerative breakout move.
That we previously identified as having a great chance of triggering.
And should provide plenty of opportunity to profit from in this coming bull market.
@TheCryptoSniper
#HVF
MATIC - Sudden Up MovementI think price can move to 7.2 very quickly for MATIC
Price is poised to break out on the Monthly timeframe
Suggesting a move like this on chart which is just a copy of the first run which is the only one I can really use as comparison
The yellow indicator shows potential future tops for the coin
Very bullish stage in the market
MATIC SCALP📊Analysis by AhmadArz:
🔍Entry: 1.218
🛑Stop Loss: 1.242
🎯Take Profit: 1.194-1.167
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
Long MaticMatic looks to be breaking this larger and longer-term Cup and Handle neckline. Additionally, all of my proprietary blend of signals are flashing green rn. And finally, we have the bulk of our trading volume on the underside. Final target will be $1.75 with profit taking along the way. SL can be somewhere just below that descending blue TL, adjusting into time. RRR is 3/1 on this one.
Polygon (MATICUSD): On the way up! 📈Polygon (MATICUSD) : BINANCE:MATICUSD
Since our entry into Polygon, also known as MATICUSD, we've seen a 35% increase, and we're optimistic that we've successfully concluded Wave 2 and are currently in Wave 3 in red. Since then, we've adjusted our stop-loss, secured profits, and set the stop-loss at our entry price. We're going to let the price run and see how it unfolds. We don't anticipate a downturn in the coming weeks; rather, we see the potential for a significant upward breakout before any correction occurs—where and when it will happen remains to be seen.
We believe that we should at least reach $2.50 in the overarching blue Wave (3), that you can see on the daily chart.
For the subordinate Wave 3 in red, where we made our entry, the target is considerably lower, but we plan to hold for longer since we don't expect to return to this price level in the near future, assuming we witness a significant upward breakout. This outlook is reinforced on the daily chart by the red Wave 3 we're discussing, which is part of the blue Wave (3) that should range between $2 and $4. $2.50 is an especially interesting level for us to reach. It's a long journey from our Wave (2) bottom at approximately 50 cents, a level we don't foresee revisiting.
#MATIC/USDT LONG#MATIC
Since the beginning of the year, the price has been moving in a descending triangle.
The support was adopted on the lower border of the triangle.
Now the price is about to increase this model.
Price Now 0.8282
First Goal 1.222
Second goal 1.578
Representing 200% of the current price
You should pay attention to the rebound points.
#MATIC #MATICUSD #MATICUSDT #Polygon #Short #ShortSetup #Eddy#MATIC #MATICUSD #MATICUSDT #Polygon #Final #Update 'C' #Short #ShortSetup #Eddy
I'll Think Its Time to short Crypto ;-)
It's My New short setup on Polygon Matic <3
We are in the heavy supply order block range of the daily time frame, which is in the heart of the order block of the weekly time frame!
You also enter into sales short positions after checking the multi-time frame and getting the necessary approvals & at your own risk.
Related Analysis of Polygon Matic : (( MATIC/USDT )) : Check Link :
Polygon Matic Short Setup in #Update 'B' : (( MATIC/USDT )) : Check Link :
(( We got 19% profit in update 'B' ))
MATIC - Don't Miss the PARABOLIC ALTSEASON coming📉Hi Traders, Investors and Speculators of Charts📈
We're all looking for solid projects that have good fundamentals... and good upside. MATIC is one of those altcoins that haven't yet made a new ATH. Infact, it's not even close to its previous ATH with 190%+upside potential!
From a technical indicator perspective, we see a reliable "BUY" signal in the weekly timeframe:
From here, I expect altcoins to start making their rallies. Find more info on alt season 2024 here:
And if you need a little bit more technical info on how the rotation between BTC and altcoins work, check out this idea:
Cheers to another profitable day in crypto 🥳 And remember to realize gains🥂
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CryptoCheck
BINANCE:MATICUSDT
MATIC IS BACK - VOLUMEThank you for reading our update. Please remember that this is not advice for trading.
MATIC Looks to have a new uptrend volume
#MATIC/USDT #MATIC
The price is moving in a descending channel on a 4-hour frame
It is expected that this channel will be penetrated upward with stability above the Moving Average 100
Also we have oversold on MACD
Current price 0.8262
The first target is 0.8782
The third target is 0.9562
The third goal is 1.026
Matic Long Term SetupHello everyone (whoever follows or aware that I exist),
I believe Matic will claim 1.34 in a month. We can expect a small correction from around there and then the last impulse move will occur.
All targets specified.
Good luck to us all.
