Quick Update on MATIC: Here's a quick look at MATIC 2-day chart.
Upon analysis, it appears that the current price of MATIC is undergoing a retest of the lower trendline. Should the price break below this level, a more substantial downward movement is expected to occur. Consequently, it is recommended to closely monitor this rising channel, particularly in the event of a downside breach.
Furthermore, the ongoing downward trajectory of Bitcoin suggests a high likelihood of a corresponding decrease in the value of MATIC. In the event that Bitcoin retraces to the $20k range, it is anticipated that MATIC's price level will decline to at least $0.5. However, it should be noted that the price of Bitcoin is expected to continue decreasing from its current level, which further suggests the possibility of a downside break in the rising channel for MATIC as well.
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MATICUSDT
Matic 🛤️ Break + Retest 1.0069?Looks Like we can continue the Bearish momentum here back down to yesterday's low at .9792 and beyond to our next daily level at .9755.
Matic Polygon did a faekout yesterday above 1.0227. It returned back into the range, then to the bottom of the range then did a break and retest of the daily level on the 30m TF. Left a very large wick rejection and off we go onto the next zone at .9755. We have bounced but I can observe a retest of the low with momntum left over from earlier.
Matic, clear as mud!If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
PA up not clear to me, does not look motive.
Move down is a bit more clear.
Could see a bounce here.
If it breaks substantially,
watching these levels/channels to flip.
Cheers!
[polygon] by elo.The odyssey of Matic (Polygon) commenced at a mere 0.0025, back in 2019.
It ascended in what appears to be an impeccable 5-wave sequence, reaching an impressive 2.9255 at the peak.
Remarkably, it is one of the few tokens in this pervasive bear market that has not experienced any significant deterioration.
Such a characteristic could be construed as exceedingly bullish—
or,
merely an elongated phase of distribution preceding the eventual re-accumulation phase.
---
I admonish any prospective investor in this coin,
as it may undergo a substantial depreciation once Wave B has concluded later this year.
---
A conservative estimate for Wave C's termination resides within the 0.08-0.1 vicinity—
however,
it is more plausible that it descends into the 0.03-0.05 region,
signaling the ultimate capitulation phase of the bear market.
👇
Subsequent to this event,
I envision Matic soaring to a minimum of $15.
---
Wave B target = 2.22
Wave C target = 0.03
✌
🔥MATIC TRADING PLAN: EXPECT 30-45% PUMP WITH BULLISH BTC AS KEY🔥Hi, friends! I don't think that MATIC will update the local high at $ 1.57, but it has the power to make a local pump by 30-45%.
This is in line with my vision global vision on BTC that there will be one more pump before this local bull market will end.
📊 TRADING PLAN FOR MATIC:
1. false breakout of the trendline
2. the volume growth which in 70-80% confirms that the bottom is reached
3. bullish BTC is a must-have for altcoin growth
✅ THE MAIN TARGETS FOR MATIC:
🔥$ 1.25 - the ley level and local high
🔥$ 1.50 - the key level and even number which is usually the strong resistance/support
💻Friends, press the "boost"🚀 button, write comments, and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Matic sideways Wedge at play Looking critical day level with target in metic waiting for confirmation or trendline brake
Trade Alert - Long MaticTraders,
You guys know I have been dreaming of a touch on our MATIC May 2021 ascending trendline for months now. Today we got that. And though I missed the .98 cents touch for a buy in, I did get in at a dollar. My target will be at least that $1.53 cents level. Stop out is hard. But I wouldn't want to see anything much lower than that .87 cent level I have marked.
Best to you all,
Stew
Polygon 🛠️ Holding 1.0159 ? Will We continue our uptrend on HTF's? IDK we will have to see if price ( 1.0159 ) Daily level
will hold or we may fall into the depths below, the abyss. I can our next short targets being ( .9760 ) 4hr Level
and ( .9382 ) Weekly level. I can see a short term range being created here to build up more liquidity to go to the upside. The prices for the range may be between 4hr zones ( 1.0069 and 1.0539 ) before seeing more upside as bulls gather liquidity.
MATIC/USDT 1DInterval ReviewHello everyone, let's look at the MATIC to USDT chart on a one-day time frame. As you can see, the price is holding just above the uptrend line.
Let's start with the support line and as you can see the first support in the near future is $0.95, if the support is broken then the next support is $0.80, $0.58 and $0.31.
Now let's move to the resistance line, as you can see, the first resistance is $1.03, if the price breaks it, the next resistance will be $1.20, $1.43 and $1.75.
Looking at the CHOP indicator, we see that most of the energy has been used, the MACD indicates entering a downtrend, however, we see a strong rebound on the RSI, which may indicate that the support point on the trend line may end the correction.
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.
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.
