Polygon POL ex-MATIC price analysisIs the price of #POL ex-#Matic starting to wake up?
For those who are new to the crypto market, we will remind you that the last time the price of OKX:POLUSDT grew significantly was back in 2020, and since 2021 it has been in a downward trend.
The main task for #POLUSD buyers is to try to fix the price above $0.30.
📈 Only after this condition is met can a difficult and thorny path of growth to $0.66 open up.
There will surely be many people willing to sell #Polygon along the way, after 4+ years of sitting in a drawdown.
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POL
POL: The Return of The Matic#POL recently bounced in what could be a bullish reversal, possibly marking the end of a 3-year corrective major wave (4).
If the $0.151 low holds (stop-loss), a massive bull run shall start for #MATIC.
Passing $0.768 confirms the bullish idea of targeting the ATH.
#Polygon
POL (MATIC) Falling Channel BreakoutBINANCE:POLUSDT is attempting a breakout from a nearly 6-months long falling channel. A daily close above the resistance would offer confirmation.
Watch for a potential retest of the resistance as support, as the overbought Daily RSI could signal an imminent pullback.
Key Levels
Aside from the support, these are all good candidates for partial TPs.
• $0.15-$0.17: Bull order block and current support
• $0.30: Previous S/R, 0.236 fib of the move down, and HVN. Will likely offer resistance.
• $0.53: Previous S/R, and 0.618 fib of the move down.
• $0.66-$0.77: Main supply zone, and December 2024 high.
MATIC/POL buyers beware; bearish signals in the mid-term (1W)The MATIC/POL pair has been dropping for over 1200 days from its peak price, but the structure suggests that a new bullish pattern may have started from the point where we placed the red arrow on the chart.
We’ve marked a supply zone on the chart that could reject the price downwards.
The minimum expectation is for the price to drop to TP1.
The best buying zone for MATIC/POL is the green zone at the bottom of the chart, which could push the price upwards by more than 500%. In fact, it is expected that wave A of the bearish pattern or X wave will end in this area, and the price will enter a mid-term or even long-term bullish phase.
A weekly candle closing above the invalidation level will invalidate this analysis.
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) POLYGON "past ticker"Polygon was originally listed to Coinbase on 3/11/2021. Now what was MATIC goes by POL. POL was listed during September of 2024. For whatever reason it seems like Polygon (POL) has not seen as much attention as with when Polygon was (MATIC). Also, Solana (SOL) has been the main avenue of attention for the last couple of years outside of the mass appeal for NFTs on Ethereum's blockchain and Bitcoin payment system, savings adjusted reality.
Polygon Ecosystem 4,300% Potential @10XHere we have several signals related to the candles low and close.
We've been looking at Polygon (POLUSDT) for a long while now and this is a great example of 'patience is key.' Definitely mandatory to have patience. It takes time for the bullish wave to unravel because we are always early, but once the action starts it cannot be stopped. We have the blessing of being able to be around right at the bottom, with plenty of time to plan, buy-up and accumulate. Many people won't be as lucky, they will hear/learn/know about the market only when it is too late or when the bullish wave is halfway.
The last candle closed as a hammer with the highest volume ever. The session low is a higher low compared to the 3-Feb session. A hammer is a reversal signal when it comes at the end of a trend. The high buy-volume confirms the hammer as a bullish reversal signal. Normally, 1-2 weeks are needed for confirmation but we know that will happen next. I don't wait.
The close this week (last week) ended up being higher than the late October 2024 market low. This is another important signal. Twice POLUSDT wicked lower in February, but closed above this level. This level is marked with a purple line on the chart.
As a friendly tip. We are active with high leverage on this pair.
The chart is ready, the market is ready and timing is great.
430% potential with 10X can lead to 4,300%. This is possible and do-able. There will be more of course. Opportunities abound in this market. Crypto is going up. Buy and hold.
Thank you for reading.
Namaste.
MATICUSD - Descending Scallop Reversal PatternA reversal pattern on this 4Hr chart for MATIC
MATIC has been beaten down hard and is due for a reversal and this pattern suggests it
Price slowly will flip towards the bulls favor and they will take control
The scallop pattern can be identified by a curve like this, this one being a descending one
Again the 4Hr chart
Forever Crash? The Truth About Polygon's Ecosystem Token (POL) Remember Cardano last year?
Remember how Cardano became weak during the second part of 2024 and continued to be weak for so long? How did it all end? It ended with a very strong bullish wave.
After the bearish phase, Cardano ended up being one of the strongest moving pairs.
The same can happen in this upcoming cycle with POLUSDT.
The following is also true for Notcoin (NOT).
The lower it goes, the stronger it grows when the time is right.
This pair right now is bleeding massively but this shouldn't be a cause for concern. The market moves in cycles and within these cycles we have waves.
A bearish wave is followed by a bullish wave.
A bullish wave is followed by a bearish wave.
The positive side of a bearish phase is the fact that you can't have a forever down-wave. If it is bearish now, it will turn bullish next.
The last peak was hit in early December 2024, more than two months ago.
A Cryptocurrency trading pair, within a bull-market year, can go bearish for 2-3 months, not more. This means that POLUSDT is getting very close to producing a reversal, very close to a change of trend.
The market has been going down. We saw some bullish action but this action wasn't a bullish trend. It was simply a "bounce" within the broader decline, here starting March 2024.
The great news is that the next rise won't be a bump, it will be an uptrend and an uptrend produces higher highs and higher lows. We are set to experience long-term growth.
Right now it might be hard, but patience is key.
The market can be red, shy and weak now, but everything will change within weeks.
Believe it or not, the time to buy is now.
We are in the accumulation phase.
When the first move starts, it will be too late for low prices; there will be opportunities to enter and to enjoy massive growth. But only those with a vision can buy and accumulate when prices are low.
It will be a life changing bull-market.
It will be the biggest bull-market in the history of the Altcoins.
Bitcoin will be really strong but standard.
The Altcoins will blow-UP.
Namaste.
POL/USDT: Ready to Rocket Past Resistance?POL/USDT is currently consolidating within the daily FVG after pulling back from its peak. Since early December, the price has remained below the descending trendline, acting as resistance. A breakout above this trendline could trigger bullish momentum, presenting a strong entry opportunity. Key targets are highlighted on the chart.
MATIC returning to equilibrium would be a 128% gain from here!MATIC is looking extremely undervalued at current levels. The price has pulled back considerably since the "Trump election pump" and is forming a nice wedge on the 4-hour chart, which is currently on a four-count. A price move back to equilibrium from the wedge's bottom trendline would, by itself, result in approximately a 128% gain.
Longer term, if the price breaks out of the monthly chart wedge pattern (see comments below for the chart), which is also currently trading at a four-count, we could see some incredible price appreciation over the next 6 to 9 months.
Good luck, and always use a stop-loss!
POL - Bullish Pressure Soon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈POL has been overall bearish trading within the falling channel marked in blue.
Currently, it is approaching the lower bound of the channel.
Moreover, the purple zone is a strong structure and demand.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower trendline acting as a non-horizontal support.
📚 As per my trading style:
As #POL approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
In parallel, for the bulls to take over long-term, a break above the upper blue trendline is needed.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Polygon (POL) AKA "MATIC" - Long Key LevelsPolygon (POL) or "MATIC" has experienced a strong rally recently, climbing from its monthly low of $0.40 to its current price of $0.70. This implosive move has brought the bulls to push POL to a critical descending trendline resistance level that the bears have held in a long-term downtrend since 2022.
The key level to watch is the $0.76 mark, where the neckline and trend line meet with previous resistance zones. A breakout above $0.76 could potentially surge POL to it's 1st target which is around a resistance level of: $0.89. If momentum continues, then price action will retest between: $1.23 - $1.48 representing a potential upside of +100% from the breakout at this current point
Hypothetical inverse head&shoulders pattern will materialize…. . .-if- Polygon decides to correct here for even a few days we will officially start forming a right shoulder and then we get the benefit of having an even higher target than the current $1.06 target we are heading towards for the falling wedge breakout. There is also 2 double botto breakouts and a channel breakout on the horizon too just above those 2 targets so it should create a bunch of bullish momentum as all these overlapping bullish patterns start falling like a domino effect. Of course if Polygon instead chooses to continue pumping towards the $1.06target without correcting for a day or few then the inverse head and shoulders will not materialize. *not financial advice*
Hypothetical inverse head&shoulders pattern will materialize…-if- Polygon decides to correct here for even a few days we will officially start forming a right shoulder and then we get the benefit of having an even higher target than the current $1.06 target we are heading towards for the falling wedge breakout. There is also 2 double botto breakouts and a channel breakout on the horizon too just above those 2 targets so it should create a bunch of bullish momentum as all these overlapping bullish patterns start falling like a domino effect. Of course if Polygon instead chooses to continue pumping towards the $1.06target without correcting for a day or few then the inverse head and shoulders will not materialize. *not financial advice*
POL 1$ TargetLike I said earlier, any rebranding is a green flag for investors and an indicator to buy the asset. POL was no exception. 1$ is exactly the target that big investors are waiting for. I think it's no secret that along with Bitcoin, Ethereum and Solana, a major market maker was accumulating POLYGON, which eventually became POL. Bullish!
Horban brothers.
POL/MATIC is bullishNote: The name of the MATIC project has been changed to POL.
It seems that wave E is diametrically over and price is entering wave F. Wave F is bullish.
The main target can be the red box.
Closing a daily candle below the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Polygon: Gain Momentum!In the Polygon chart, we primarily expect an imminent lower low of the magenta wave (2) within our magenta Target Zone (between $0.4711 and $0.3058) before a trend reversal occurs. Afterward, a significant uptrend should begin, starting with the turquoise wave 1, which should break through the resistance level at $0.60. You can use our zone to establish long positions, with stop-losses placed 1% below the low or directly at the support level of $0.31 to minimize downside risk. If the coin breaks downward out of our Zone (42% likely), we will have to expect a further drop with the green wave alt.(2).