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MATICUSDT

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.
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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
SasanSeifi 💁‍♂️MATIC 👉3D 🔻🤔Hey there, In the long-term timeframe, as you can see, the price has been accompanied by a positive fluctuation of approximately 25% from the demand zone at 0.60. Currently, the potential scenario to consider is as follows: after gathering liquidity from the price range of 0.65 or possibly from the supply area (once confirmed and adjusted further), the price could move towards the price range of 0.50/0.42/0.40.💹 🔱To better understand the continuation of the price movement, it's important to observe how the price reacts to the resistance levels at 0.75/0.85. The price's response to these resistance levels will provide valuable insights. However, if the price manages to break above the significant resistance level of 0.85 and consolidates, there is a possibility of further growth. The potential trends in the image above have also been indicated.❗ Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach.❗ Wishing you loads of success in your trading adventures, my friend!✌ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
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by SasanSeifi
MATIC/USDT Update 4HInterval ReviewHello everyone, I invite you to review the MATIC chart in pair to USDT. First of all, we will use the orange line to mark the downtrend line from which the price went up, while currently we see that the price has fallen below the yellow uptrend line. Moving on, we can move on to marking support areas when we start a larger correction. And here we will first mark the support zone with the price from $0.69 to $0.65, then we have support at $0.58, and then another strong support at $0.50. Looking the other way, we see that the price bounces from the beginning of the $0.73 resistance zone to $0.79, only when it breaks above this zone will it go towards the resistance at $0.87 and then towards the strong resistance at $0.97. Please look at the CHOP index, which indicates that there is still some energy to continue the move, the RSI shows that we are in the process of rebounding and we still haven't touched the lower limit which may give the price a further rebound, while the STOCH indicator also shows that we are in a downtrend .
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by cryptodailyuk