MATICUSDT at weekly support and likely to head up to 0.92-0.94The doubt which I had finally played out. I was not very comfortable with the long trade from the daily support since the price had not tapped into the weekly support. But now it has and offers a good opportunity for long. The price might dip below the support briefly but that does not scare us from taking a long position here. The first target shall be the weekly resistance zone sitting around 0.92-0.94.
Maticusd
MATIC SHORT SETUPHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the MATIC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
MaticI've made the decision to buy some MATIC with a target of 1.25 and a stop at 0.8. I've split the order into three parts: the first at the current prices, the second at 0.86, and the third at 0.83.
The information provided here is for informational purposes only and should not be considered as financial or investment advice.
MATIC/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this MATIC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Polygon (MATIC) Polygon (MATIC) snapped a three-day losing streak on Thursday, following a crossover of moving averages (MA).
The 10-day (red) MA crossed its 25-day (blue) counterpart in today’s session, sending the price to a peak of 0.8974.
This comes following Wednesday’s low at 0.8787, which saw MATIC hit its weakest point since May 25.
market volatility in polygon remains significantly high, with earlier gains almost fading.
MATIC is trading at 0.8934, with the RSI at a reading of 46.03, which is close to a ceiling of 48.00.
Should this aforementioned point of resistance be broken, bulls could force a move toward 0.9000.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Polygon MATIC and the US Debt CeilingNegotiators from Democratic and Republican parties finalized an agreement on Sunday night.
Instead of raising the limit to a specific level, they have opted to suspend it entirely until 2025. This strategic move ensures that their bills can be paid until that date, while also guaranteeing that the next battle to raise the ceiling will not coincide with the upcoming presidential election.
The resolution of the debt ceiling issue brings optimism and stability to the financial landscape, which has a positive ripple effect on the cryptocurrency market.
Bitcoin and the broader crypto market stand to benefit from increased investor confidence, reinforced safe-haven status, enhanced institutional adoption, regulatory clarity, and the overall positive impact on global markets.
MATIC/USDT short
Entry Range: $0.85 - 9.91
Take Profit 1: $0.97
Take Profit 2: $1.10
Take Profit 3: $1.24
Stop Loss: $0.78
MATICUSD ❕ broke down the channelMATIC has broken down 50EMA on the 4H Timeframe.
RSI chart moves in bearish zone (4H, 1H and 30m TFs)
50 MATIC has broken down 200EMA on the 1H Timeframe.
I believe the asset may continue to decline after fixing below the support level.
MATICUSDT at daily support and likely to head upThe price is currently as daily support and bouncing from there. I expect it to go towards daily resistance marked on the chart. The only concern I have is the price did not tap into weekly support. It not necessary to do that and on many occasions it can just shy away, but I would have felt more comfortable with the current price action upward in case it has tapped the weekly support zone before. But the chart says its at daily support and shall go up.
Will MATIC falter at this level?MATIC’s price action rebounded from the mid-range.
The range low is a confluence of a bullish OB in H12 formed on 16 May and another bullish OB formed in H2 on 14 May.
A price rejection at the short-term range high could drag MATIC lower.
Entry: $0.89
Target: $0.84
Stop-Loss: $0.91
RR - 2.8
MATICUSDT are you rdy ?😉🧨I have good news for shorts holders and bad news for matic holders
Bad news because this currency is falling, its price is set in dollars, and good news for short sellers because I marked the entry and specified my target.
The first target will be $0.5413, and the second target will be $0.3410. Enjoy, smart guys.
$Matic - Classic chart - 80% Drop - Target $0.25Matic printing Bearish Flag pattern, can potentially drop over 80%
Matic & Bitcoin has similar pattern & Check out the comparison
Target $0.25
MATIC Critical support directionHey guys, here what a new update in MATIC.
Using the Daily chart;
>Price ended up falling all the way to the local support at 0.85. Support has been holding well so far so a critical movement is about to occur either UP or DOWN.
>IF price breaks below the white support line ,we will be likely heading close to or into the next support located at 0.61.
>IF price breaks above long term target is $1.7 and $2.8 bullish scenario.
>this is a CRITICAL support area and 0.85 is a very important support so i am expecting a big movement either up or down.
>Both support and resistance of the wedge seem to hold and be important as they have served their purpose 3 times each.
For the trader who wants to trade this chart, draw the wedge and place alarms below the support in case we break to the downside.
MATICUSD ❕ upward channelMATIC is moving in an upward channel.
The asset has fixed above the 200EMA on the 1H Timeframe.
The price will continue to rise in the channel.
Polygon: Exemplary 🤓Quite commendably, Polygon has advanced into our magenta-colored target zone between $0.78 and $1.02 and has touched at the lower edge of the pink trend channel to finish wave (iv) in blue. Now, we expect the altcoin to gain strong upwards momentum to haul itself up, leaving the magenta-colored zone on the northern side and developing wave (v) in blue, which should end in the top of wave (i) in magenta. Wave (ii) in magenta should then make for a distinct counter movement before wave (iii) in magenta should take Polygon further upwards.
Matic Short ScalpEntered into a short Scalp from here 0.8700 with close SL because not too confident on it.
Short idea is because of
Recent Two H4 closes is below Monday low price which is currently capping the price.
Recent H4 closed as Hanging man candlestick.
I have starting creating ideas here. So you can follow me for more. Thanks in Advance :) ;)
Note: Not a Financial Advice.
Polygon Analyze (Road Map, 03/14/2023)!!!🗺️Today let's take a look at Polygon project 🗺️roadmap🗺️ in daily time frame.
First, let's take a look at the fundamental.
Fundamental :
Polygon is a layer-2 scaling solution for Ethereum which aims to address the scalability issues on the Ethereum network by providing faster and cheaper transactions. Polygon utilizes a network of sidechains to enable fast and secure transactions, allowing users to transfer assets between Ethereum and other networks.
Polygon has a strong development team that is dedicated to improving the network and expanding its capabilities. This is evidenced by the frequent updates and upgrades to the network that are aimed at improving its scalability, security, and functionality.
It also has strong partnerships with notable players in the blockchain industry, such as Aave, Curve, and Chainlink, which increases its credibility and reputation.
Overall, the combination of strong partnerships, a dedicated development team, and impressive growth make Polygon a promising project in the blockchain industry.
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Technical :
It seems that Polygon has started to form a zigzag correction(ABC/5-3-5) after completing its 5 impulse waves in the 🔴resistance zone($1.488-$1.249)🔴, so that wave A has ended on the important uptrend line.
💢Currently, the Polygon is moving in the Time Reversal Zone (TRZ) and near the resistance zone.
💢Polygon can also form the fan principle at top pattern.
💢In addition, the sell signal is created by the 50-SMA and 50_EMA.
💢The RSI indicator is also rejected from the 50% line and above the descending channel.👇
🔜I expect the Polygon to decrease to the 🟢support zone($0.77-$0.69)🟢after the important uptrend line breaks.
Polygon Analyze ( MATICUSDT ) Daily Time frame⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
MATIC Update 2023-5-13The critical point of 0.73 is marked on the graph. If the price drops at this point, important resistance will be lost and it is possible to drop the price to 0.42 or less. Otherwise, we can expect a price increase, which should be re-analyzed.
Note : This is a Personal Idea
----------------------------------------------------------------------------------------------------------------
Der kritische Punkt von 0,73 ist in der Grafik markiert. Wenn der Preis zu diesem Zeitpunkt sinkt, geht ein wichtiger Widerstand verloren und es ist möglich, dass der Preis auf 0,42 oder weniger sinkt. Andernfalls ist mit einer Preiserhöhung zu rechnen, die erneut analysiert werden sollte.
Hinweis: Dies ist eine persönliche Idee
Its a type of MATIC!Hi Guys,
Very simple chart
Get a position and hold. If we fall below the lower boundary of the ascending triangle your get out of the trade.
This is another good risk to reward trade.
MATIC/USD chart will be shared later today, this is also leaning bullish.
MATIC is one of thee very few altcoins that have kept up with BTC in terms of value.
PUKA
Polygon MATIC price beckons to buy, but where?)Exactly 3 months have passed since the publication of the idea with our global vision of possible movements of the MATICUSDT price.
The first part of the idea has clearly worked out the $1.50 target, and the second part of the idea with a correction to $0.5 now looks unlikely.
It is more realistic to assume that the "buyer" who did not allow the MATICUSD price to fall below $0.70-0.80 during the second half of 2022 will not allow this to happen in the near future.
Therefore, we consider the $0.70-0.80 zone to be ideal for buying MATIC into the medium- and long-term portfolios with the first take profit not earlier than $2.50
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
MATICUSD ❕ bullish divergencePrice movement, RSI chart and changes in trading volumes on 1H and 30m Timeframes indicate a bullish divergence is forming.
I believe the asset will rebound soon.
MATIC/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this MATIC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Polygon (MATIC) which is currently the world’s tenth-largest cryptocurrency, fell for a fifth straight day.
MATIC/USDT plunged to a bottom at 0.866, less than a day after the token was trading near 0.90.
This latest decline in price has pushed Polygon to its lowest point since January 11, when it traded at 0.84.
Looking at the chart, this spell of sell-offs has sent the RSI below 30.00, which is deep in oversold territory.
The last time price strength tracked this low was back in July 2022, which may give bulls optimism that a reversal could be soon approaching.
MATIC is now trading at 0.8723, which is marginally higher than its earlier lows.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Polygon (MATIC) formed bullish Gartley for upto 91% rallyHi dear friends hope you are well and welcome to the new trade setup of Polygon (MATIC) with US Dollar pair.
Previously I shared a long-term trade setup for MATIC which produced more than 246% rally as below:
Now on a weekly time frame, MATIC has formed a bullish Gartley pattern for the next price reversal.
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
MATICUSDT KEY POINTMatic is approaching the key point again. This point is very important and if it cannot support the price, we have to imagine a further fall. It has been supported 8 times in the past, can it be supported again? What do you think?
⚠️ Disclaimer: This chart and analysis are not meant to be, and do not constitute financial, investment, trading, or other types of advice or recommendations. #DYOR
