MATIC(Polygon) - Break Through the Long-Term Downward Trend Line
* 1W
It has finally broken through the long-term downward trend that has been going down since December 21, 2021.
* 1D
The retest was completed after breaking the long-term downward trend.
As the two-year decline has been broken, there can be a big rise.
MATICUSDT
MATICUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Entry: Market and lower
Targets: 0.97 and 1.05
after first target reached move ur stop to breakeven
Stop: ~0.68 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 2
risk is justified
Good luck everyone!
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It's not financial advice.
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Open to any questions and suggestions
MATIC - Inverted H&S 4Hr Chart A big inverted H&S has formed on the 4Hr chart of MATIC
A W pattern within this larger pattern can be seen to be forming allowing another move upwards
Completing the overall larger inverted H&S pattern and leading to bull continuation.
Update MATICUSDTNew data has appeared from retesting the bottom and the appearance of a high volume in the rise. It is possible to retest its last peak again.. All data has been placed on the chart.
#Matic The possibility of Elliott triangle formation and the patAfter an upward rally, the matic currency has formed a triangle pattern. If it can break the 78 cents range in the Fibo range of 61.8, it can navigate the specified possible movement to the area of 1.02 to 1.07.
GET READY FOR MATIC!We'll talk about MATICUSDT in the next couple of weeks!
A nice bull run is possible in the mid-term
The Exit of $MATIC From Symmetrical Triangle is ConfirmedHello guys,
Well, after a long struggle with 100WMA, CRYPTOCAP:MATIC is finally breaking through this resistance to exit the upper side of the Symmetrical Triangle. Based on this, I predict three targets for CRYPTOCAP:MATIC :
🪙 MATIC/USDT
💹 Binance
🧮 Spot
🛒 Entry
🟢 Market Price < 1.0000
💵 Targets
🔴 $1.1525
🔴 $1.4045
🔴 $1.6766
⛔️ SL $0.6903
📅 26/12/2023
As always, this is not a financial advice & please do your own research.
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MATIC - Probably Nothing...#MATIC
As noted before, the rocket fuel has now been loaded at the LPS (Last Point of Supply).
Now it's time, Number go up...
$MATIC in Conflict With 100WMA to Start a New Uptrend Hi everyone,
We are in the CRYPTOCAP:MATIC weekly chart and as you can see, CRYPTOCAP:MATIC has fluctuated in a beautiful Symmetrical Triangle since registering a new ATH. Also, during recent weeks, CRYPTOCAP:MATIC has been engaged in consolidation, which has caused it to register some lower highs in this triangle and convince us that it will soon exit from the upper side of this triangle.
In the lower part of the chart, we can see that CRYPTOCAP:MATIC has formed a strong support area in the range of 50 cents. Currently, the 100WMA resistance is considered as the only factor preventing CRYPTOCAP:MATIC from exiting this triangle. If CRYPTOCAP:MATIC can cross the 100WMA barrier, it will simultaneously exit this boring triangle and start a new uptrend.
But if CRYPTOCAP:MATIC cannot cross the 100WMA barrier for any reason, then we will see it fall back to the bottom of the triangle and record some higher lows. Anyway we will wait for the next events of the crypto market and confirmation of the trend.
As always this is not a financial advice & please do your own research.
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Matic is just preparing.Matic is holding resistance zone around 0.94-0.97 area, which means closing candle above is a great opportunity to look for long position. And here is my idea of how it will go. I will be taking profits at those green lines.
MATIC - Wyckoff SOS + LPS Before Blast Off#MATIC
Textbook Wyckoff Accumulation Schematics, with ideal volume profiles, showing the standard "Sign of Strength" (SOS) Flag while absorbing all the fear sales into one "Last Point of Supply" (LPS) before go time.
Hope this helps...
MATIC Bearish Flag H1, Good time to SHORTMATIC Bearish Flag H1, Good time to SHORT.
BTC seem a bit retrace soon 1st week 2024
MATIC/USDTCRYPTOCAP:MATIC is looking good in a daily chart, after flipping the zone in red take an entry and then enjoy. Always use stop-loss. Everything is on the chart
Uptrend turning point : 0.9483Hello traders!
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(MATICUSDT chart)
(1M charts)
Since it has not yet risen above the MS-Signal indicator, it is difficult to say that it has turned into an upward trend.
Accordingly, the key is whether it can rise above 0.9279.
(1W chart)
The key is whether the price can be maintained above 0.7529 and rise above 0.9391.
(1D chart)
Looking at the overall picture, I think the range from 0.3840-0.5620 to 0.9483 is an important support and resistance range.
Accordingly, the direction in which one deviates from this section is important.
This is the current 1M chart's M-Signal indicator touched.
Therefore, the key is whether it can rise above the M-Signal indicator on the 1M chart and rise above 0.9483.
If this is not the case and it falls below 0.7403, there is a possibility that it may fall to around 0.6314, so you need to think about a response plan.
If the price rises above 0.9483 and holds, it is expected to turn into an upward trend.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
MATIC Set for Major Price Move as Whale Activity SpikesAfter an impressive run in November 2023, the price of MATIC, the native token of the Polygon PoS chain, has been largely muted, hovering just below the psychological resistance level of $0.80. But the asset’s recent lackluster price movement might be at an end. Amid the doldrums, recent whale activity suggests that MATIC might be ready to make its move.
Can MATIC make another dash at $1, or are new lows in store?
Is a double top forming on MATIC?I want to draw your attention to the fact that a technical analysis pattern called a double top is forming on the MATIC chart.
In case the local neckline, which is at a strong Fibonacci level of 0.618, is broken, we can expect the price to drop to around $0.56.
I believe it may be a good idea to place buy orders for the asset in the zone of $0.58-$0.60.
Please note that this is not financial advice, and any actions you take are at your own risk!
Altcoins bearish short term? Hello everyone,
On today's video we talk about several Alts that result being bearish in the following weeks.
However, this might change with new year comming.
Seb.
#Matic Wait For ConfirmIn case of breaking the 88 cents range, which a high-pressure candle wants to buy, you can enter a buy transaction in pullback. Considering that in the 4-hour period, it is placed in a corner of density, this failure from above can continue up to the specified supply area and the specified areas can continue.
Matic and BTC getting bullish!? Hello everyone,
Today we are talking about BTC and MATIC and the huge potential cryptocurrencies still got.
Please note all the %s given in the video are simply base on assumption and could not be accurate.
Please do not use this video to invest your finances in hope for future profit.
MATIC target 1.4712h time frame
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MATIC is creating a potential double bottom structure. Taking a step forward to the lower time frame, MATIC just retested 0.5 Fibonacci Projection, which final target is 1.47. Also, use Fibonacci Extension on the wave from 1.568~0.492, it shows the first target at 1.44, which is closer to target from Fib Projection, and 1.44~1.47 is the neckline of this potential double bottom. Further, if MATIC complete this double bottom, final target will be 2.64.
-
TP: 1.44~1.47
SL: 0.7145
MATIC → Polygon Bull Run Near Complete! Reversal Time?Polygon had a beautiful double bottom at the Daily 200EMA and as predicted, ripping to the upside and near completing the trade of our last analysis. Where do we go from here?
How do we trade this? 🤔
We likely have more upside to go before we consider a reversal. Wait until the price makes contact with the Resistance Zone at $0.95. Look for a bear signal candle and confirmation before entering a position, then target a 1:2 Risk/Reward back down to the 30EMA. Protective stop just above where the price reversed, likely at the $0.95 area.
A bear signal candle usually has a long wick on top and closes on near its bottom. The confirmation candle usually consists of a strong bear candle closing on or near its low, "confirming" the reversal. Confirmation is a bit misleading, it just means we have a high enough probability based on historical data to justify a short position.
💡 Trade Idea 💡
Short Entry: $0.9240
🟥 Stop Loss: $0.9735
✅ Take Profit: $0.8250
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Double Bottom at 200EMA, Bias to Long!
2. Wait for bull run to finish. Target Resistance Zone for Reversal.
3. Look for Bear Signal and Confirmation Candles.
4. RSI around 68.00 and above Moving Average, Short-term Bias to Long.
5. If Reversal bars and RSI over 70.00, Consider a Short Position.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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SasanSeifi 💁♂ A Price Analysis of the 4-Hour TimeframeAs you can see in the 4-hour timeframe, the price has been in an uptrend from the demand zone at 0.73. It broke through the HIGH at 0.79 and grew by approximately 14% to the price range of 0.83. After the growth, the trend is currently range-bound in the price range of 0.80. In the 4-hour timeframe, it is very important to maintain the support levels of 0.80/0.79 cents for the continuation of the bullish trend of the symbol.
The expectation that we can consider in the 4-hour timeframe is that, if the support levels are maintained, we will see the price grow to the liquidity range of 0.87. Then, after a partial correction and pullback, it will again be accompanied by further growth up to the supply area and the bearish order block of the price ranges of 0.90 cents and 1 dollar. The possible trend is also shown in the above image. In the event of positive fluctuations, it will be important to see how the price reacts to the liquidity range of 0.87 cents to better understand the continuation of the movement.
🔵Remember, always conduct your analysis and consider other factors before
making any trading decisions. Good luck!"✌️
❎ (DYOR)...⚠️⚜️
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