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MATICUSDT

MATIC: The ride to 0.5$ may begin soon!Given the anticipated downward trajectory of BTC from its current levels, the price of MATIC will likewise experience a decline. Ant it has become more evident as the price has undergone four retests at the lower boundary of the triangle, indicating a potential greater downward movement soon! Consequently, a break to the downside is expected, and it may be prudent to adopt a wait-and-observe approach for more favorable pricing opportunities. It's said that one day, the mighty MATIC will set its course for the moon, but for now, it seems to be headed back down to Earth! Keep your eyes peeled and your senses sharp, as this journey promises to be a wild ride filled with unexpected twists and turns! :)
MShort
by MBM_Crypto
29
MATIC/USDT 4H Interval Review ChartJHello everyone, I invite you to review the MATIC chart on a four-hour interval. First, we will mark with blue lines the downward trend channel in which the price is currently approaching the upper limit, which may provide an indication of the price direction in the coming days. When we look at EMA Cross 200, we can see that a break above the current channel may result in a return to the strong upward trend for MATIC. Let's start by marking support points for the price and we can see that first we have a support zone from $0.55 to $0.49, where the price is currently holding, but if the price drops lower, the next zone is from $0.41 up to $0.35. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that the price has currently bounced off the resistance at $0.61, then we have the first resistance zone from $0.67 to $0.71, and then we will move towards the second zone from $0.76 to $0.83 $. The CHOP index indicates that there is still a lot of energy for a continuation of the movement, the RSI index is back to the lower part of the range, while the STOCH indicator indicates that MATIC has been oversold, which may affect the side trend or price rebound.
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by cryptodailyuk
3
MATIC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this MATIC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Polygon (MATIC) was also trading higher in today’s session, with price climbing for a fourth straight day. MATIC/USD peaked at 0.5634 on Tuesday, which comes following a low of 0.5406 to start the week. As a result of the move, the polygon climbed to its most vital point since last Thursday, when the price reached a high of 0.5885. with this current uptrend, it appears that MATIC could be heading towards a key resistance point of 0.6000. the RSI, which is tracking at 40.08, will first need to move past an upcoming ceiling at the 41.00 level. Hit the like button if you like it and share your charts in the comments section. Thank you
MLong
by CryptoSanders9563
MATIC/USDT 1D Interval ReviewHello everyone, I invite you to review the MATIC chart in pair to USDT, on a one-day interval. Let's start by marking with blue lines the strong downtrend channel in which we are currently moving. At this point, it is worth checking the EMA Cross 200 right away, where you can see the place where the price was rejected while remaining in a strong downtrend. Going further, we will check where the price should meet support, but for this purpose we will use the Fib Retracement and Trend based fib extension tools, after spreading the grids, we can mark a strong support zone in which the price is currently from $ 0.64 to $ 0.49 , however, when this zone is broken, we can see a drop around the second equally strong zone from $0.36 to $0.24. Looking the other way, we see that the price has been rejected in the first resistance zone from $0.76 to $0.91, only when we exit it upside price moves towards the second zone from $1.03 to $1.16 to continue make an attack at $1.34 and then resistance at $1.56. When we look at the CHOP index, we can see that there is still energy for the current move, on the RSI we have a rebound with room for a further downward move, but on the STOCH indicator we can see that we are approaching the lower limit again, which can stop the decline and give a sideways move .
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by cryptodailyuk
2
#MATIC HTF super bearishIn this chart I tried to predict all possible scenarios and highlighted the most strong resistance (red lines) and support (green lines) levels. Since I am trying to make understanding my TA easier. I marked every possible move of the coin with numbers. Now let me explain every number: 1. Matic bounces until Monthly 50 ema support at the level 0.63$ and from that level we get bear reaction. It can be long wicks above the candle or bearish divergence on LTF. In this case the probability to see downward move towards to 0.25$ increases 2. The coin goes higher to 0.72$ where it faces with W FVG and D 100 ema resistance - we see bears reaction in this case price comes back to 0.63$ and below. 3. Coin breaks through 0.72$ resistance, retests that level ( because it becomes a support) and in this case the continuation of the uptrend increases and we may see the coin around 0.92$ 4. The coin faces 0.92$ where there is M FVG + Weekly 50 and 100 ema resistance. We see bears reaction in this case Matic welcome back to 0.72$ 5. The coin breaks through 0.92$, would be nice to see the retest of that level, in this case the coin go higher to 1.1$ and etc
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by vazitrades
5
Matic Looks Ripe for a Bounce/Break HereTraders, Just browsing through the charts this morning and thought I'd throw out a trade opportunity. There are many but Matic looks especially juicy here. Of course, it's always a bit risky before a FED meeting/press conference (i.e.- Jackson Hole) but I am not offering trading advice. I just wanted to show you one of the many opportunities I have spotted this morning. Here's the case for entry here if you are so inclined: - That Yellow TL comes all the way from Jan. '21. It has NEVER been broken to the downside. - Price rarely touches this level on the RSI. Even more rare, would be a break below. Probability stands on the long side here. Best, Stew
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by stewdamus
MATIC/USDT Chart ReviewI invite you to review the MATIC chart in pair to USDT, on a one-day interval. First, we will use the blue lines to mark the downtrend channel where the price is moving in the upper range. Moving on, we can move on to marking support areas when we start a larger correction. And here the first very strong support is at the price of $0.59, but when the price drops below, we can see a drop to the support of $0.31. Looking the other way, we see that the price has rebounded from the first significant resistance at $ 0.90, which so far has no strength to break. then second resistance is at $1.03, then we have another resistance zone from $1.16 to $1.34, then strong resistance at $1.56. When we turn on the EMA Cross 200, we see that the price rebounded from this line and thus remained in a strong downtrend. Please look at the CHOP index, which indicates that there is still energy for this move, the RSI has a strong rebound with room for the price to go lower, while the STOCH indicator also indicates that there is some energy left for the next move.
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by cryptodailyuk
What's Next Possible Move of MATIC/USDT? Polygon Analysis💎Attention, Paradisers! Turn your focus to MATIC, as it's gearing up for potential movements, offering a few captivating possibilities. 💎MATIC faced resistance at the OB a few days ago, sparking an upward trend. Yet, with a hint of slowing momentum, it's projected to re-engage with the OB. Should it falter at this juncture, anticipate a bullish continuation from a key support point. 💎Delving into its trajectory, we've noticed a shift from demand to supply, resulting in a pronounced dip. 💎After capturing liquidity from below, MATIC seems primed to climb, targeting the overhead imbalance. 💎Keep a close watch for further insights and relish your trading adventure.
MLong
by MyCryptoParadise_Nathan
MATIC. Glitch in the Matrix.The situation is rather strange and uncertain. Two patterns formation signals more for a downward movement, but! There is no on-chain prerequisite for this... A fall to $0.11 = drop capitalization in six times - I don't believe in it. The ecosystem is developing, the whales are still profiting from their bags using DeFi, so... Also, there is no premise for a 500% increase since this is not a bullish cycle, but a thaw. In addition, achieving this target involves breaking through ATH. Unlikely. Given all this, I will assume that the asset will have an ongoing sideways trend and we will not see tangible movements in either direction. But keep in mind that things can change.
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by Tropnik
Polygon Matic price will try to work out a medium-term tradeMatic buyers are not giving up and are trying to break through the local trend and strong liquidity zone from above. We assume that there will be more attempts to push the price up, so this medium-term trade has the right to live: Entry = $0.636 Stop = $0.5582 (-12%) Take Profit = $0.9595 (+50%) Potential profit/loss ratio = 12/1 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
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by P_S_trade
34
1HR: $MATIC; Bloody MondayWell OOF. Bears still have the bulls by the balls, as buyers displayed some false confidence and got rekt big time. Shows you how vital this inflection point and how weak and underwhelming the buyers are. So many good looking charts, however it is still a ghost town in crypto land. Remember, don’t give up and remain resilient during fast, swift drops that make you second guess your investment. Don’t let the market makers dance you like a puppet and control your emotions. Chill out, relax and go outside to get some fresh air. Don’t let split second emotions, ruin your portfolio. The strong shall stand, while the weak fall by the wayside.
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by BShellhammer