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!🙌
MATICUSDT
Matic has a very good Potential Investment Hi Everyone;
today we have one of the best risk to reward Investment opportunity
it is more than 166 times the risk and the chart is look very promising.
I expect breaking the previous bear market key point will clear the way to the final target
MATIC/USDT EW Wave Analysis#MATIC EW Chart:-
#MATIC/USDT Might have the Main Impulse Count Completed.
IMO Now ABC Correction waiting.
Wave A and wave B are Already Completed and Now Ready for Zigzag Wave C.
Expecting 5-10% upward Move from here.
Stop Loss:- $0.66
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 .
Retest and bounce along ascending trend line | LONG BiasDaily Chart
Matic BINANCE:MATICUSDT has downing to support zones around 0.7135
Chart 4H TF
Matic's in descending channel and under descending trend line that is resistance when BINANCE:MATICUSDT bounced from support (0.7135)
I expect MATIC will go up to around 0.739
Time will tell
MATIC/USDT upward move !!👀 🚀Matic Today Analysis💎 Matic is gearing up for an intriguing shift, currently trading in a demand zone and hinting at a bullish surge.
💎 In the past, we've noticed Matic skillfully mitigating the bearish Order Block (OB), setting the stage for a bullish move to reach another OB. After tapping into the liquidity once, it resulted in a downward shift
💎 The bearish OB has been tapped, and it's highly likely that the price will revisit this level due to the remaining liquidity.
💎 The VRVP is showing a significant volume, indicating volatility and a potential upward move is on the horizon
💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
MATICBTC 1DSupports for MATIC/BTC are at 0.00002231 and 0.00001913. These are the levels at which there has been a significant amount of buying in the past, providing a kind of "safety net" for the price.
Resistances are situated at 0.00002867 and 0.00003003. These are the levels at which sellers have historically entered the market and prevented price appreciation.
An important additional observation is the breakout of the bearish channel. This is often seen as a bullish signal, indicating that the downtrend may be over and a new uptrend may be starting.
Fundamental Analysis of the MATIC/BTC pair:
Polygon (MATIC) is a Layer 2 solution for Ethereum that aims to improve its scalability and speed. It has seen rapid growth and adoption because of Ethereum's gas fee and transaction speed issues.
MATIC offers a solution to these problems and has a growing list of projects choosing to build on it, which adds to its strong foundation. However, its valuation against Bitcoin will depend on the market's perception of its technological progress and the general demand for scalability solutions.
In conclusion, technical analysis suggests bullish potential due to the breakout of the bearish channel, although the RSI suggests that the market may be overbought. MATIC's fundamentals are solid, with many projects choosing to build on top of Polygon, indicating that it could be a good option for long-term holding. However, it is important to conduct your own research and consult a financial professional before making any investment decisions.
MATICUSDTMATICUSDT is trading in symmetrical triangle and break through very strong support. As the the price is respecting falling trendline, it seems like a retest of broken level can initiate another sell off.
MATIC LOOKS BULLISH (2H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG 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
MATIC: Rising Wedge BreakoutPolygon (MATIC) technical analysis:
Trade setup : Trends are mixed but improving. Bullish breakout from Rising Wedge pattern and above $0.75 resistance could signal a potential trend reversal with upside to $1.00. That level ($1.00) is a stiff resistance because it also lines up with 200-day moving average. However, if it clears that level, that would confirm resumption of Uptrend.
Patterns : Rising Wedge It usually forms after an uptrend and suggests a potential bearish reversal in the original uptrend. When price breaks the lower trend line the price is expected to trend lower. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout.
Trend : Neutral on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $0.50. The nearest Resistance Zone is $0.75, which it broke, then $1.00.
MATIC/USDT 4h: Ready for FTB In the daily time frame Major SR is broken with a strong momentum candle and a fresh FTR zone is created
In the 4H time frame, the price approaches the FTR zone and we will probably see the first time back
I thing that by hitting the FTR and the trendline, it will be able to pull itself up to the specified order block
Reading your comments will encourage and improve me. Thank you
#Crypto #Polygon - Trend is your frenMatic is setting a new recent high that was confirmed by RSI. It has just formed a nice bull flag.
Stochastic appears to be turning up.
All good news. Time to ride the trend with a short stop.
RSI for high was 70 so new high for RSI .
Slow STO is 53 so it has bottomed out above 50 which is a strong signal.
Volume was 14M on recent high and 4M on previous high.
Price is 0.773
Target 1 is 0.89
Stop loss at 0.71
Polygon Matic price don't give up and trying growthLet's start the idea of MATICUSDT by thinking about why we should draw medium-term estimates of possible price movements.
Here is our medium-term idea for MATICUSDT, which we published 6 months ago.
Back then, we clearly described two scenarios and under what conditions to stick to one or the other. There is an action plan, there are critical points of activation of one of the scenarios, and it remains to trade in the right direction. And then, like everyone else, we had no idea that someone would think of classifying MATIC as a "security" and that this would cause the price to crash.
You can easily test the idea)
In the short term, the MATICUSD price is approaching a strong liquidity zone around $0.73, which has been acting as support for a long time, so probably it will not be possible to break it up at the first attempt.
A slight correction will follow, and the second time around, you can try to break through to the top of the channel at $0.83
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Chance to join the race | $0.97Daily Chart
Polygon ( BINANCE:MATICUSDT ) has broken up the Descending Trend Line and it's retesting the support.
Support zones around $0.75
Wait for a next move
From Current Levels to $15: MATIC's Journey in the Next Bull RunMATIC/USDT Bull Market Analysis: A Comprehensive Review
Current Market Overview:
At the time of writing, the MATIC token is trading at $0.79, marking an impressive 154% increase from the recent bear market bottom. This significant upward movement indicates a potential shift in market sentiment.
Bullish Pennant Formation:
A closer examination of the MATIC/USDT pair on the high time frame weekly chart reveals the formation of a bullish pennant pattern. This pattern typically signifies a continuation of the previous upward trend. However, the most critical factor to consider is the breakout point.
Anticipated Price Movements:
Based on the chart analysis and current market trends, it is anticipated that MATIC may experience further upward movement towards the $1 level before encountering strong resistance. The $1 level is a significant supply zone, and a rejection from this level is expected.
Potential Retracement:
Following the rejection from the supply zone, it is likely that MATIC will retrace towards the demand zone, which is expected to be a strong accumulation area for investors. The demand zone is estimated to be between $0.25 and $0.38.
Breakout Analysis:
A crucial aspect to watch for is the breakout of the cluster around the $1.07 level. If MATIC successfully breaks out from this level, it could initiate a substantial upward rally, potentially invalidating the lower price targets discussed earlier.
Supply Zone and Future Bullish Scenario:
The red box on the chart represents a strong supply zone. If the price manages to break above this level, the previously mentioned lower price targets may become irrelevant. Instead, a highly bullish scenario could unfold, potentially propelling MATIC to new all-time highs.
Future Price Target:
In a bullish market scenario, with the successful breakout of resistance levels, the MATIC/USDT pair could potentially reach price targets ranging from $12 to $15. However, it is crucial to exercise caution and wait for confirmations before making trading decisions.
Disclaimer: This analysis does not constitute financial advice. Always conduct your own research and consult with a professional before making investment decisions.
Follow us for More Crypto Analysis.
Thank you.
MATIC – Two Entry Points• Yesterday’s long trade on MATIC was a huge success. However, we may be on the verge of an altseson. Consequently, I THINK MATIC still has a more fuel in the tank.
• I have two possible long entries for MATIC. The first is based on an hourly demand zone and the second is based on a daily supply zone.
Trade Idea No. 1:
• Entry: 0.764 USDT.
• SL: 0.755 USDT.
• Target: 0.95 USDT.
• R: R: 1:18
Trade Idea No. 2:
• Entry: 0.7404 USDT.
• SL: 0.71 USDT.
• Target: 0.95
• R: R: 1:6.88
MATICUSDTHave a good time everyone, we are here with another analysis, this time #Metik (Paligan) with a 50% growth probability 😍
.
In the time frame of four hours, the entry point, stop loss and maximum target are specified.
This is a suitable position for the spot where the loss is slightly lower than the range indicated by the purple color.
And the way of movement and temporary corrections are indicated in yellow color.
And you'll also see this category above the trend with support in shapes that are increasing in volume.
Be successful and profitable
Matic/Usdt 1D ReviewHello everyone, I invite you to review SOL 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 support is at $22.38, the second support is at $19.68, the third support is at $17.44, and then we have a strong support zone from $15.20 to $12.
Looking the other way, we see that the price has reached an important resistance zone from $ 27.14 to $ 32.34, which so far has no strength to break. However, if it manages to exit the descending channel upwards and break through the resistance zone, the next resistance will appear at the price of $38.89.
Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, MACD indicates that we are in a downtrend, while the RSI has a rebound and we are moving at the downtrend line, which may indicate a larger correction.
🔴 MATIC Hello Dear friends
The price chart on the daily time is below a downward trend line and so far this trend line has been preserved.
The indicator from RSI has issued a negative divergence on the four-hour time frame.
And as we can see, the resistance areas are not fully consumed. But we lost support areas in almost every corrective move.
Currently, it seems that the possibility of forming a corrective trend is much higher and the possibility of breaking the downward trend line from this range with this movement momentum is very weak.
What do you think?
MATIC Polygon and the Altcoin Season ThesisIf you haven`t sold MATIC here:
Then the recent developments in the cryptocurrency market, particularly the favorable court ruling for Ripple Labs, signal an optimistic start to a new altcoin season.
With the federal judge ruling that some of Ripple's sales of the XRP token do not fully meet the definition of a securities offering, it instills confidence in the altcoin space.
This ruling brings clarity to the regulatory landscape and alleviates concerns surrounding XRP, leading to major cryptocurrency exchanges, including Coinbase, relisting the token. The reintroduction of XRP to these platforms demonstrates growing acceptance and renewed interest in this altcoin.
The anticipation surrounding the approval of a spot bitcoin ETF in the United States adds to the positive sentiment in the market.
The successful launch of a previously approved ETF in Europe further reinforces the upward trend for altcoins.
The recent court ruling that declared XRP as not a security sets a precedent that could potentially benefit other cryptocurrencies currently classified as securities by the SEC. In the SEC's case against Binance, they designated 10 cryptocurrencies, including BNB, BUSD, SOL, ADA, MATIC, ATOM, SAND, MANA, AXS, and COTI, as securities.
Additionally, in the SEC's lawsuit against Coinbase, they named 13 cryptocurrencies, reinforcing their stance on SOL, ADA, MATIC, SAND, and AXS, and adding CHZ, FLOW, ICP, NEAR, VGX, and NEXO to the list.
This development showcases the increasing institutional acceptance of cryptocurrencies and creates a ripple effect across the market, providing a boost for various altcoins, including MATIC Polygon, for which my price target is $0.95.
Looking forward to read your opinion about it!
