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MATICUSDT

MATIC/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the MATIC chart in pair to USDT, also on a four-hour interval. First of all, using the yellow lines, we can mark the downtrend channel in which the price is currently moving. Now let's move on to marking the places of support. We will use the Trend Based Fib Extension tool to mark the supports, and as you can see, we have the first support at $1.06, the second support at $0.99, the third at $0.93, and the fourth at $0.87. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we have the first significant resistance at $1.18, the next resistance at $1.24, then the third resistance at $1.30, and the fourth at $1.34. Now let's move on to Index CHOP which indicates that energy has been used for the correction but there is still some left. The MACD indicator is on the verge of entering a local downtrend. On the other hand, we see a significant rebound on the RSI, we are approaching the lower limit of the range, which may indicate an upcoming trend change.
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by cryptodailyuk
MATICUSDT potential mega-move (x3-x15)Based on the current market trend and technical analysis of MATICUSDT, the trading idea is to initiate a long position with a buy zone between 0.94-1.00$. Here's the rationale behind this trading idea: MATICUSDT has been in a strong uptrend since the beginning of the year and has shown consistent higher highs and higher lows on the daily chart. This indicates a strong bullish sentiment among buyers. The price has recently pulled back to the support level around 0.94-1.00$, which has historically acted as a strong support level in the past. This presents an opportunity to enter the market at a lower price point. The potential upside for MATICUSDT is very promising, with the first target at 1.75$, which represents a potential gain of around 75% from the current buy zone. This target is based on the previous resistance level that MATICUSDT has struggled to break in the past. The second target is at 2.35$, which represents a potential gain of around 135% from the buy zone. This target is based on the extension of the current bullish trend. The third target is at 3$, which represents a potential gain of around 200% from the buy zone. This target is based on the Fibonacci extension level of the previous uptrend. It's important to note that there are always risks involved in trading, and it's essential to have a proper risk management plan in place. Also, the potential uptrend of 15x is a hypothetical scenario, and there is no guarantee that the market will move in the expected direction. It's always recommended to perform due diligence and make informed decisions based on your risk tolerance and trading experience.
MLong
by ego1smo
MATICUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a 4-hour-time frame analysis for MATICUSDT There are R3 and R3 on the top of the chart which used to be support areas. R1 is a resistance area and it represents the unsuccessful triumphs of the price to rise at several points. And as you see, S1 is our long-term support line with the support of price even since the past. At the present, we observe the fluctuation of price below R1. Our expectation would include another rise for the price to reach R1 (as its past behavior) and then via having some rising signs, there would be more rise predicted for the price to reach higher amounts such as R2. It is so probable that the price loses the support at R1 and more decline would happen toward S1. It is crucial to consider the market situation in lower time frames and then decide what to do exactly; based on the multiple pieces of information which you would obtain from our analyses and updates. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
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by MarsSignals
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#Polygon Tanks 30% in Less Than 3 Weeks, Support at $1.10Past Performance of Polygon Polygon prices more than double from January to February. MATIC rose 108% from December lows and remains within a bullish formation despite recent losses. From the daily chart, MATIC is down 30% from February peaks and likely to post even more losses in sessions ahead. #Polygon Technical Analysis Polygon prices fell over the weekend, continuing their retracement from February highs. The token now has support at the 61.8% retracement level though the uptrend remains valid. As it is, traders can find support at $1.10 with resistance at $1.30, coinciding with the 38.2% Fibonacci retracement of the December to February 2023 trade range. Any loss below $1.10, confirming losses of March 3 and 4, might see MATIC slide to $0.95, a reaction line flashing with December highs. Meanwhile, optimistic traders can wait for an expansion above $1.30 before loading, targeting February highs at $1.58. What to Expect from #MATIC? The uptrend remains bullish, but bears are pressing on. With MATIC down roughly 30% from February peaks, retesting a critical Fibonacci retracement level, traders can wait for a definitive breakout. Gains above $1.30 or losses below $1.10 will shape the short-term trend. Resistance level to watch out for: $1.30 Support level to watch out for: $1.10 Disclaimer: Opinions expressed are not investment advice. Do your research.
MShort
by Bitcoin_Analyzer
[2023-02-28] [BYBIT:MATICUSDT] [LONG]Hello fellow traders, Practice good risk management! Anything can happen. In order to make money, it is not necessary to know what will happen in the next moment in time. For any given set of variables that define competitive advantage, there is a random distribution of failures and successes. Competitive advantage is nothing more than an expression of a higher probability of the course of events developing in a certain way. Every moment of the market is unique in its own way. You alone are responsible for your trading – both gains and losses. Good luck and happy trading!
MLong
by n1d0
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