MATIC: Approaching SupportPolygon (MATIC) technical analysis:
Trade setup : Price was rejected at $1.60 resistance and pulled back near $1.00 support (also 200-day MA), which could be an attractive swing entry opportunity. However, trends are mixed, hence, buying it here would be counter-trend and therefore risky.
Trend : Uptrend on Medium-Term basis and Neutral on Short- and Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $1.00, then $0.75. The nearest Resistance Zone is $1.30, then $1.55.
MATICUSDT
Polygon MATIC Price Targets after the Ethereum Shanghai upgradeEthereum’s Shanghai upgrade is scheduled to launch on April 12.
The upgrade will make more than 18 million ether, worth approximately $34Billion, withdrawable, possibly causing a sudden crypto market supply dump.
This is my scenario for Polygon:
MATIC/USDT short
Entry Range: $1.05 - 1.20
Take Profit 1: $0.95
Take Profit 2: $0.79
Take Profit 3: $0.63
Stop Loss: $1.41
MATIC/USDT - Will price respect the support trend line?MATIC/USDT is currently at a long term support trend line. Do you think price will hold this support level?
Do you think the moving average line of 200 can prevent further Do you think the moving average line of 200 can prevent further
MATICUSDT | Wave Projection | 4-Wave Correction - Subwave B?Price action and chart pattern trading setup
TFD - Elliott wave analysis
> A possible 4-wave correction descending triangle with subwave B breakout expected to retraced 0.618 - 0.786 of subwave A scenario.
> Entry @ breakout triangle after downtrend subwave c completely retraced
> Target @ 5-wave upper resistance zone 1.618 wave 4 extension and 2.618 wave 1 extension + 30-40%
> Risk reward ratio could be 3:1
Indicator: RSI bullish momentum
Always trade with affordable risk and respect your stoploss
matic/busd buy callMatic/busd just tested support
and bounced back
buy : 1.1555
sl : 1.1465
tp 1.1773
W9-27 MATIC BULLISH IDEA(HARMONICS BULLISH PATTERN)Potential Bullish Entry
Dow Theory In Place - Higher High and Higher Low Expected in Place
Formation of Harmonic Bullish reversal Pattern coupled with bullish divergence at potential reversal zone (PZR)
Entry at the new HH
SL & TP Levels are defined.
MATICUSDT trading at daily support, likely to head towards 1.15The price has hit the daily support and likely to bounce from here. Therefore a long is favorable here. The target of the long should be 1.15 which is also daily resistance zone.
Matic Accumulation before the push Hello everyone,
I've observed that Matic has been accumulating above a robust Fibonacci level of 0.786 over the past day. This indicates that there may be a good entry point with a tight stop loss just below the recent lows. In this case, the risk-reward ratio looks particularly favorable since if the 1.25 level is broken, the next substantial resistance level is at 1.55.
I wish you all the best of luck and remind you to trade safely.
MATIC ready for correction (Short)After few unsuccessful attempts to break the resistance, looks like we are ready for some correction most probably after a liquidity grab considering the strong short time uptrend.
NFA
Matic Finally impulse to the ATH? Hello! Based on the chart, it appears that the 0.618 level has held as a strong support. Furthermore, there has been a decrease in BTC dominance, suggesting the possibility of a breakout from the local trendline with an impulse towards the next Fibonacci level or even the all-time high (ATH).
maticFor spot buying in two areas, with the specified loss limit. If you made the purchase in the first area, and you wanted to average, the second area and the second loss limit will be activated.
MATIC/USDT Technical Analysis For Long SetupMATIC/USDT Technical Analysis for Long Scalp: Targeting $1.30
Polygon (MATIC) has been a popular cryptocurrency lately, with its price showing a bullish trend. In this technical analysis, we will examine MATIC/USDT's current price, identify potential entry points for a long setup, and provide price targets for traders to aim for.
Technical Analysis:
At the time of writing, MATIC is trading at $1.1682. If BTC becomes volatile, we could see an excellent entry point around $1.14-$1.16 for a long setup. The first target for this trade would be $1.20, followed by $1.24 and $1.30. If any 4H candle closes below $1.114, traders should exit the trade to prevent further losses.
Takeaways:
MATIC/USDT is currently trading at $1.1682
The potential entry point for a long setup is around $1.14-$1.16 if BTC becomes volatile
The price targets for this trade are $1.20, $1.24, and $1.30
The stop loss for this trade is $1.114
Conclusion:
This technical analysis suggests that MATIC/USDT is currently bullish, and traders could benefit from a long setup with an entry point of $1.14-$1.16. By following the suggested targets and stop loss, traders can manage their risk and potentially earn profits. However, it is important to remember that this is not financial advice, and traders must do their own research before investing in any cryptocurrency. Happy trading!
MATIC/USDT 4HInterval Resistance and SupportI invite you to review the MATIC chart in pair to USDT, as before on the four-hour interval. First, we will use the blue lines to mark the downtrend channel where the price is moving sideways from the downtrend line.
Moving on, we can move on to marking support areas when we start a larger correction. And here we are approaching a strong support zone from $1.13 to $1.10, however, if the price goes lower we have a second strong support zone from $1.06 to $0.94, and then we can mark the support line at $0.94.
Looking the other way, we see that the price hit the important resistance zone from $1.18 to $1.26, where it immediately turned around. However, if we manage to break out of this zone above, we have the second resistance at $ 1.33, and then the third resistance at $ 1.44.
Please look at the CHOP index, which indicates that the energy on the 4-hour interval has been used, the MACD indicates the maintenance of the local uptrend, while the RSI shows a strong rebound right after crossing the upper limit of the range.
MATICUSDT - achieved the ALL TARGETS +147.2% ROE with 20xI congratulate everyone who opened this position. They reached all the targets and completely closed the position.
MATICUSDT - achieved the first target +69.6% ROE with 20x
MATICUSDT - Well goes from htf
MATIC longMATIC broke trough the descending trendline. Asset broke trough the resistance level. Bullish movement to resistance level at 1.242 is expected to happen.
MATIC - Keep an eye on this level!! Here's a quick look at MATIC 8 hr. chart.
The idea is: Buy when the price breaks above 1.148$ and take profits at the levels shown in the chart.
Targets:
1. 1.165$
2. 1.190$
3. 1.230$
4. 1.290$
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Our success rate is notably high, with nine out of ten of our posted trade setups achieving at least their first target upon a breakout price breach. Our TradingView page serves as a testament to this claim, and we invite you to verify our results firsthand.
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MATICUSDT Idea | a Bullish TrendA mental plan, and analysis based on a Macro ascending channel and upwards mini channels with slopes of 55 degrees.
The duration of this upward movement is 7 days at most and it is a long-term trade with 40% profit..
BINANCE:MATICUSDT MATIC NETWORK vs USDT and USD
⚠️🚨 Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
✅ Please write any advice or suggestions.
maticusdt h4Hi Guys hope you well.
One of the best fundamental project.
SecondChanceCrypto
⏰13/April/23
⛔️(DYOR)
MATIC (Polygon) last resistance before 2$!#MATIC / USD Update:
CRYPTOCAP:MATIC is currently trading at $1.089
According to Coinlion Trend Trader Indicator, MATIC is currently bearish. Short alert at $1.17 (3th of March)
Reminder last bull run from $0.85 (01/11/2023) till the $1.26 (02/25) with plenty of Profit alerts (60-80%)
Now we are shorted MATIC
There is a buying pressure between $1.02 and $1.04
We might touch the bottom of the ascending channel around 1$ and take some profit (which is also the 200SMA) before pulling back (we hope) to 2$.
But we need to follow the rules and the Coinlion Trend Trader Indicator
What do you think ?
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