Matic is forming a Harmonic Pattern.Polygon (Matic) is trying to form a harmonic pattern known as "three drives pattern" .
You can trade it by opening a long position first. Then set a %2 stop loss and short it.
For target points, check the chart please.
Maticusd
MATIC Polygon Price TargetIf you haven`t sold MATIC when Robinhood delisted it:
With the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market.
Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies.
As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm.
This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days.
My Price Target for MATIC is the next resistance, $0.92.
Long Matic to $1+For my final long (sorry tradingview followers as I have only had the time to post a few of my trades here but you know where to find the rest), I chose Matic. Nice little cup and handle. Above VRVP POC and above all SMAs. Entry was .86. Final target is 1.03 with profit taking at .94 along the way. SL is .80 with a rrr of 3.5 to 1.
MATIC - New Uptrend?After reaching a 6-month high near $1, the price entered a correction phase represented by a descending trendline, with price compression below it.
Now #Matic has seen an increase in open interest, signaling a new attempt to break the downtrend and start a new uptrend.
Matic analysis (4H)We have an important supply on the MATIC chart that may cause a drop or change the trend.
We have the change of structure with bearish CH on the chart and we also have supplies that have been mitigated and have moved sell orders to lower ranges with lower H and L.
In case of rejection from Supply, we have specified the targets and
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
MATIC may contract by 80% before next bullish rallyMATIC may still be overpriced and needs a bigger correction before the heavy buyers step in. In my attempt to gauge the size of that correction I have concluded that the price may drop to around 0.17 USD. Please note that this is weekly, logarithmic chart.
MATIC-USDT / 1H / TECHNICAL ANALYSIS BINANCE:MATICUSDT Resistance at 0.8080, support at 0.7389. My target for wave analysis is 0.7983.
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Good luck
Matic with Head & Shoulder patern In the 4h chart it rebounded after broke down the neckline of the H&S pattern
But it broke down the triangle in the 4h and we can set the SL at (0.7379) to get better R/R
TP1: 0.6170
TP2: 0.5755
TP3: 0.5311
TP4: 0.4867
TP5: 0.3428
MATICUSDTI propose to consider the medium-term situation, because in the short term everything looks bad. A symmetrical triangle figure appeared on the chart. The price can go both up and down with a 50/50 chance.
In case of an upward movement and consolidation, it is worth considering the targets indicated by blue lines.
Target 1 - 1.1517
Target 2 - 1.3871
Target 3 - 1.5898
In case of going down and consolidating below, focus on the red lines as support in the area of 0.4007 - 0.2334
Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can✍️
#MATIC #Polygon #Final #Update 'B' #Wychoff #Distribution #Eddy#MATIC #Polygon #Final #Update 'B' #Wychoff #Distribution #Eddy
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This is a new update of final (( MATIC/USDT )) update: check link :
3- entry (MATIC)📊Analysis by AhmadArz:
safe in chart risk by 3-entry.
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💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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MATICUSDT Buy stopWe observe the third head and shoulders pattern on the Matic H1 chart. If the price breaks the 0.8888 level, the pattern will be confirmed. Risk-reward ratio is 1:2
#MATIC #Polygon #Final #Update #Wychoff #Distribution #Eddy#MATIC #Polygon #Final #Update #Wychoff #Distribution #Eddy
(("All the relevant areas and explanations on the chart are clear and clear, the trading setups need to get confirmation to enter, if you don't know how to get a trigger and confirm entering into transactions, this analysis is not suitable for you, the above analysis is for professionals. and if you are a beginner, my suggestion is that you don't destroy your capital and first learn technical analysis and basic trading along with psychology and risk and capital management from reputable sources and courses, and then enter the financial markets."))
(("The above analysis and setups and points and areas are combined with most of the combined styles such as price action, supply and demand, RTM, ICT and also with the analysis of important indicators such as Dominance Tether and Bitcoin.
If you are familiar with the mentioned styles and know how to get approval to enter the above styles, use the above analysis.
This is not an investment proposal and only my opinion, please act based on your experience and decisions."))
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I also suggest you to view my #Analysis of the Phases of Richard #Wyckoff #Accumulation & #Distribution on #Bitcoin #Currency from the link below :
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Analyses of Trading Ranges By : Dr. #Eddy SunShine 👨🏻💻 1/14/2024 ❤️
maticusdtMatic analysis:
The price has already tested the support area. You can consider taking a small long position there with a tight stop loss. If the price does not close below the support level, we may expect a bounce from there. Our we can buy it with dca strategy at major support area and holding it .
Local Support Area : $0.68-$0.735
Major support area :
$0.49-$0.53
Resistance Area : $0.90-$0.92
Major resistance area ;
$1-$1.1
MATICUSD - Monthly Bullish DivergenceAn example of a bullish divergence in which price prints a higher low while the RSI indicator on this Monthly timeframe prints a lower low. This is a sign that upward movement is to come.
Matic is going to pump around 1000%! just buy it hereSee the video, Everything is explained there. As you can see in the analyze we expect a huge pump for MATIC in the coming month.
MATIC/USDT 4H LONG BULLISH IDEAMATIC has been consolidating near 1.00 range for a week and forming bullish structure. Huge bullish move is incoming in few days.
MATIC - Wyckoff Reaccumulation Schematic#MATIC
This looked like a simple flag initially, which is a great bullish continuation pattern, but since has evolved into a #Wyckoff Reaccumulation Schematic. The latter is actually a healthier option, and one which usually warrants less pullbacks vs the simple flag, that very often comes with sharp retraces.
The Volume is perfect, the OBV is perfect, the pattern is perfect, the timing during Trad Fi market close and end of year standard low volume is perfect...
Have you placed your bets?
MATICUSDT Symmetrical TriangleMATICUSDT is showing a Symmetrical Triangle currently breaking out and has now retested support.
On the other hand we've got MATICBTC on the relative low with an inverse head and shoulders pending bull break. Which further aligns with my MATICUSDT thesis.
Short time frame Falling wedge on #MATICAs you are aware if u follow me
Matic is quite bullish on the big time frames.
& I expect it to exceed it's 2021 All time High
No mean feat for an Alt coin!
So when u spot bullish structures on the lower time frames
Could be a good idea to position yourself for upside
:) NFA
In secend renge (MATIC)❤️❤️Thanks for boosting 🚀 and supporting us!
📈againe test to break-even renge
📊 (Entry) : 0.828
🔴 Stop Loss : 0.811
🎯 Take Profit : 0.846-0.864-0.876
🔗 For more communication with us, In the footnote and send a message in TradingView.
👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
Buy on MATIC, Triangle strategy Buying on a pullback to a flag that has broken the triangle can be a good opportunity to buy
R/R=1.6
MATIC - A Simple Flag#MATIC
This Simple Flag following the breakout with volume is exactly what we want to see.
If one large and full body candle had large volume and a #doji that had more couldn't retrace any distance to speak of, do you think up or down has more pressure pushing it ATM...?
