[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!
MATICUSDT
$MATIC seems to have broken its downtrend on the 4H chart.$MATIC seems to have broken its downtrend on the 4H chart. I expect a rapid upward movement. The first level of serious resistance is 1.5$. If this level exceeded, it may encounter resistance around 1.9$.
MATIC USDT setup for LONGWarning:
This is not an Financial advice and only my personal opinion and it could be completely wrong.
For Matic, we have a strong trend line that has brought us up to this point. In the past few days, we have seen a great performance from Matic, and I think it needs a pullback.
Could MATIC Repeat History and Hit $100?Looking at the tea leaves, it appears the price action is repeating the same pattern it did prior to the previous bull run. If we repeat the next bull run with the same growth, MATIC is poised to hit $100. Could history repeat itself? We'll see!
Matic Posted last Chart of Matic when it broke down this Rising Channel Still Not manage to Reclaim it and retested it and got Rejected Targets are Still Same 1.15$ to All the Way 1$
MATIC/USDT Buy setupthe price has broken the bearish channel after hitting the important 4-hour support area .
On the other hand, we have a bullish internal OB that we can enter into a safe buying trade after retesting it
🚨 MATIC is the Great!The key resistance is at $1.26.
The following targets are $1.32-$1.41.
Support is marked with orange levels.
From these levels I take long positions with RR2.
We have worked out the previous levels perfectly!
$Matic - DOJI candle - 25% Drop - Target $1.15Bear Market Rally is over?
DOJI candle - 25% Drop - Target $1.15
MATICUSDT short scalpRTM>>>
Only when the price left the yellow range and returned to it!!!
short scalp 1/3 risk/reward
MATICUSDT
MATIC/USDT Long PositionMATIC/USDT Long
Spot and Future both.
Leverage 10X
wait 4 Entry 1.215
TP 1.26
TP 1.31
Hold if u want
TP 1.36
TP 1.40
SL 1.16
Do Your on Research.
Signal Provide by
Lala Trader
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MATICMatic looks good for long here after bounce off trendline
DXY pulling Back should help also.
Target big sell order block.
Matic holder be warned. Matic looks dreadful. Market structure shows clear distribution has already started.
Entry Strategy:
I’d be looking to short any push into the 1.28 resistance, HOWEVER, we might just not get that chance. Calculate your own risk/reward and take the trade if you like it.
Exit Strategy:
If this coin does start dumping seriously you’ll want to take profits earlier rather than later. There’s been quite a lot of fud regarding matic recently and you wouldn’t want to risk not being able to exit your position. This coin has the potential to be trading at 35 cents in the near future so be extremely careful bagholders!
Will update when this starts dumping!
$MATICUSDT: Long term signal!Very interestingly the only really long term signal present in crypto is active in the Polygon network, seems like something worth playing with small risk. A drop under 1.245 jeopardizes this signal, so risk is rather low vs potential reward, a 49:1 reward to risk ratio. Trade it small if you do!
Best of luck!
Cheers,
Ivan Labrie.
MATIC short opportunityHi, next MATIC short opportunity - Im getting in on clear acceptance on W level
MATIC, is this a deviation?! MATICUSDT / 1D
Hello traders, welcome back to another market breakdown.
MATIC had a nice bounce from the yearly open. However, the price failed to take the last swing high. I'll be watching this in case we have a deviation here (failed breakout).
Checkout the chart for what I'll be waiting, for conservative triggers.
Trade safely,
Trader Leo.
🚨 MATIC: Best trades!How will I trade this coin?
The orange lines are the entry levels to the long.
We have already worked out the upper level with you. Entry levels are based on fibo levels and on order blocks.
Red lines - take profit levels.
In the medium term, in order to continue growth, we need to break through the downtrend line.
Targets: 1.52-1.56$
Navigating MATIC's Volatility: Important Support and Resistance Hello and welcome to my technical analysis of the MATIC/USDT trading pair.
Currently, MATIC is trading at $1.27. Based on the chart analysis, it appears that the ascending trendline has broken down, indicating a bearish trend in the short term.
Moreover, the high time frame (HTF) ascending trendline support has turned into resistance, and $1.30 is the current resistance level.
Thus, it would be wise to wait for confirmation before opening any trade.
If the price falls below the recent low of $1.193, then we can expect the price to drop further to around $1
However, if the price breaks upward at $1.35, then we can expect a bullish trend.
It is essential to keep an eye on the support and resistance levels, with the support levels at $1.07 and $0.90 and the resistance levels at $1.35 and $1.52
Additionally, the RSI is not in the overbought area. A good entry point would be when the RSI hits below 30.
In conclusion, it is important to make trading decisions based on confirmation and not blindly.
If you found this analysis useful, please like, share, and follow me for more quality updates.
Thank you.
Regards:-
CryptoPatel
MATIC - Long term Wyckoff viiewTwo subsequent accumulation phases. First on chaotic with a poor volume profile, too short a Phase B and eventually an failed mark up phase, abandoned by the COs. Probably also caused by the various Black Swan events around the same time. Second (re) accumulation phase is more 'by the book' and if all goes well, we are already entering the markup phase after this most recent BUAC. We now need to see an impulsive move up on slowly expanding volume.
As an aside: if on the 12hr chart the stochastic crosses below 20 (Please set D to 3 in the settings), there is a good chance of a bounce because either the bottom is in or close. This works only in an uptrend, not during a downtrend.
What will happen to MATIC after leaving the $1 penny Crypto areaWhat will happen to MATIC after leaving the $1 penny Crypto area❓
The Renko Chart shows that Polygon is at an important support line🟩
Chances for a bullish breakout confirmation are good IMO🚀
Let me know your thoughts in the comments🤗
⬇️⬇️⬇️
Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
#Polygon Finds Support at $1.30, Is The Bull Run Over?Past Performance of Polygon
Despite the contraction of the past few days, Polygon is trading above November highs, and looks firm. The coin is up roughly 80 percent from December lows, and trading above the middle BB, signaling strength. Per the current setup, support lies at $1.30.
#Polygon Technical Analysis
The overvaluation of February 18 is being corrected in a move that has seen bears wipe out gains of February 17. Despite the cool-off, the primary trend remains bullish. This will hold especially if MATIC prices are still above $1.30 by the close of this week. After an impressive surge from December 2022 lows, the retracement was expected. The trend will continue if there are fresh gains above $1.60, with expanding volumes. Meanwhile, losses below $1.30 may spark a sell-off, forcing MATIC towards $1.15 and later $0.95, which are critical support lines of the December to February trade range.
What to Expect from #MATIC?
Traders should watch out for the middle BB, the flexible support line. A breakout below this level may set the base for a leg down in an inevitable correction. Specifically, how MATIC reacts at November 2022 high at $1.30 is important in the near term.
Resistance level to watch out for: $1.60
Support level to watch out for: $1.30
Disclaimer: Opinions expressed are not investment advice. Do your research.
ETH/MATIC/ERA/MUMBAI ETHDENVERThis year at ETHDenver, the world’s largest Ethereum hackathon to ever be held, will begin its “buidl” week tomorrow!
During this time developers who chose to come early and get a shot at using brand new technologies which will be unveiled and highlighted during the subsequent “core” week.
During the “core” week is when the most investors and head-honchos will be there to behold these new inventions and fund the creative teams behind them which will overall improve their own existing brand. There will be many new technologies unveiled and a few key networks will be underlying and helping run the event including zkSync technology from both Ethereum & Polygon.
Testnets are already poised for use and may help point some of you more savvy crypto traders discover what tokens to watch after this launch. Mumbai test net and the zkSync ERA technology will also be used for in-event purchases which will NOT be cheap. Meaning; the activity of both networks will be consistently active and assuredly being watched by those trying to sway the event and boost the new technologies unveiled so I do not foresee them letting an opportunity to “pump during the con” due to legitimately brilliant and useful new features that are sure to be the kicker when it comes to major companies like VISA choosing what protocol to run their blockchain on.
What we have needed to produce a full fledged, autonomous market is literally coming out in the next 12 days. Transaction speed/throughput will see dramatic raise along with ease of use which has been a major problem since day one.
Disclaimer; I know nothing, I am nobody, this is all my opinion and should never ever be considered real or some sort of instructional manual. Do with this info as you will.
As for me? I shall be waiting for the pump (along with major buy/sell action to fill in gaps automatically as we jump) and heading to Denver for the convention on the 3rd!
See you there, Bufficorns!
#bufficorn #ethdenver #eth #ethereum #matic #polygon #zk #zksync #era #denver #tech #investors
www.westword.com
ETH/USDT ; MATIC/USDT ;
long MATIC$MATIC is bouncing off the support level. Bullish movement to the resistance level at 1.54$ is likely to happen.