Explosive Polygon (MATIC) Analysis | A 1200% Profit Opportunity!🔍 End of 150-Week Correction & Start of a Major Fifth Wave
Polygon (MATIC) has reached a critical turning point on the weekly timeframe. After a lengthy three-wave correction spanning around 150 weeks, MATIC now signals the potential end of its corrective phase and the start of a new, powerful upward wave. Recent strong candles suggest that if MATIC can break key resistance levels, it may enter the fifth wave—a wave typically associated with high momentum and substantial profit potential.
📈 Suggested Entry Points:
1️⃣ First Entry: After breaking the $0.62 resistance
🔸 A break above the $0.62 level will act as an initial confirmation of an uptrend, indicating the start of a potential bullish wave. This entry is best suited for risk-tolerant investors, as it offers an earlier opportunity to join the rally with potentially higher returns. However, investors should note that entering at this point carries more risk, as short-term corrections could occur.
2️⃣ Second Entry: After breaking the $1.3 resistance
🔸 The $1.3 level is a key resistance zone, and breaking it would provide a stronger confirmation of the uptrend. This entry is ideal for more cautious investors, as it signals a clearer trend reversal and a likely continuation of the bullish wave. Entering here has relatively lower risk and could be a safer entry for those looking to mitigate risk.
🎯 Fifth Wave Target: $8
🔸 Based on technical analysis and historical patterns, the target for MATIC’s fifth wave is around the $8 mark. This translates to a potential gain of 500% to 1200%, making it one of the most exciting long-term opportunities in the spot market.
📌 Final Note:
With MATIC’s promising setup and high potential in the fifth wave, this opportunity could yield substantial returns for spot investors. By selecting a strategic entry point and managing risk effectively, you can take advantage of this promising long-term investment opportunity.
Polygon
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).
Polygon: Bottom Formation? POL recently moved sideways within our magenta-colored Target Zone (between $0.4711 and $0.3058). From a technical perspective, this development could be the start of a bottom formation. However, we primarily expect a deeper low of the magenta wave (2). Afterward, the turquoise wave 1 should drive the price above the resistance level at $0.60. Within our Target Zone, long positions can be opened, with stops set about 1% below the lower boundary or at the support level of $0.31. If the price falls below this mark (42% probability), we will have to place the coin in the green wave alt.(2).
Polygon's Next Move: Breakout Above $0.388 or Slide to $0.29?Hey trading family! Grab your coffee and let’s dive into what’s next for Polygon (MATIC). We’re at a key level here—if MATIC can break above $0.3881, we could see some real upside. But if it slips below $0.366, we might be looking at a drop to $0.31, $0.30, and potentially all the way down to $0.29.
In this video, I’ll walk you through the technicals and what to expect next. Is MATIC gearing up for a breakout, or are we about to take a detour down? Either way, it’s time to prepare!
If you found this helpful (or just enjoyed hanging out), give it a like, comment your thoughts, and hit follow. Because, let’s be honest, navigating crypto is like trying to drink coffee without spilling—it’s messy but worth it!
Mindbloome Trader
Happy Trading
Polygon (MATIC / BTC) Trade for the Bitcoin maxi 😎 (RR 1:8)Setup: Strong breakout of the consolidation zone and the 200 Moving Avarage on the daily timeframe. Pullback expected to test previous resistance.
Entry: I expect support at previous resistance and this is where my entry zone is based. Around the 200 MA (daily). Orange box.
Stoploss: Stoploss is below the consolidation zone @ 0.00001680. After making a new local high (above 0.00002890), I move my stoploss just above my entry; making the trade risk free.
Targets: Targets are calculated with the extended Fibonacci with the swing low/high of November. This is a typical sign of strength, especially when you look at the volume/buy pressure building up drawing this pattern.
First target is 1.618 of the extended fib, what happens to be the first real resistance zone after breakout of the local high. I take 50% off the table.
Final target is 4.236 of the extended fib. This target is near the all-time high.
I personally scale out of my position at the 2.618 and 3.618.
#POL/USDT#POL
The price is moving in a descending channel on the 4-hour frame
And it is sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 0.3622
We have an upward trend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.3680
First target 0.3819
Second target 0.3964
Third target 0.4121
Fourth target 0.4290
FULL TECHNICAL ANALYSIS FOR CRYPTO PAIR MATICUSDTHello my wonderful community !
I’m back again
I really appreciate you guys for reviewing my charts
Kindly like and comment on how you feel the market will go , I’m open to learn and communicate with other hardworking traders on here.
The colors for each line/zone
Monthly - Yellow
Weekly - Orange
Daily - Green
4H - Red
1H - Purple
My Monthly chart view:
Ever since 2022, price has been in a downtrend by making Lower highs and Lower lows.
Price breaks a major Support area and turns it to a dynamic resisitance areas.
Take note as price is in a range and respecting the newly formed monthly resistance line (1.2300 ) and support line (0.3600) in yellow
My Weekly chart view:
Going into the weekly TimeFrame, it is truly clear that bears has been in full control of price from mid 2022 until last quarter of 2024,Price is currently not making lower lows and has been ranging
Last week price has reached a strong support area that has been respected for years after being in a downtrend for weeks
My Daily chart view:
Price is in a downtrend after breaking the daily dynamic S/R in green (0.7400) and has approached the Monthly resistance line in yellow.
Looking for buy setups as price has respected that monthly support zone for a stipulated period.
My 4H chart view:
As we move into the smaller timeframe of the 4H period, the market seems to be clearer as we can see another formation of a dynamic S/R zone in red (0.4350) which i will set as my target when we go down further
My 1H chart view:
So I’ll go down into a smaller 1H timeframe and look for buy Setups as bulls seems to be coming in slowing and the formation of an inverse heads and shoulders pattern
To play safe, for me to feel comfortable in capturing a buy setup ,I’m looking for the break of the neckline of the inverse heads and shoulders pattern , cross of the EMAs and volume of bulls coming into the market to put the odds in my favor.
Avoid entry of any trade during any major news that will affect price and this is not financial advise -
NEWSCHOOLTRADER
MATICUSDT - POLUSDT 1H - SL and TP LEVELSPOLUSDT 1H - SL and TP LEVELS
SL: 0.39
BUY ZONE: 0.395 - 0.4
SELL ZONE: 0.45
LONG SELL ZONE: 0.57
There are 2 important things to keep in mind when we want to enter a value:
1. The zones of interest, that is, the prices that may be interesting for us to BUY and SELL. This is the basis for building any strategy.
2. The moment when these levels are reached and their subsequent behavior. If our strategy is correct, we will be in tune with the evolution of the price and we will be able to obtain benefits. If, on the contrary, the price evolves unfavorably, we will have to have an SL that covers large losses.
The first point is relatively easy. We see how the price is behaving and we see where it is going and what could happen if it touches support and/or resistance levels.
The second point is quite a bit more complicated because it refers to the moment in which things happen and the execution of orders necessary for our strategy to develop as we have designed it.
At this point you have 2 options:
1. Use the tools offered by the CEX that allow you to set fixed BUY or SELL prices.
2. Stay glued to the screen of your computer or device 24/7 waiting for the MOMENTUM to happen.
With Tradex Bot, things will happen when they have to happen and not necessarily at a pre-established price. Everything depends on the conditions that you have established for the orders to be executed.
TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and graphic design tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders.
This tool is in the development process and will soon be ready for BETA testing.
FOLLOW ME and I will keep you informed of the progress we make.
I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indications. Get informed, train yourself and build your own strategies when it comes to investing. I only hope that my comments help you on your own path :)
MATICUSD: Two levels that will kickstart the Cycle's rally.MATIC is bearish both on its 1D as well as its 1W technical outlook (RSI = 35.379, MACD = -0.094, ADX = 47.085). Cyclically, these indicator levels are solid buys on Polygon as it is significantly undervalued below the 1W MA50. The S1 and HL trendline offer the strongest support levels possible and in the prior Cycle this is where the token started the Cycle's rally to a new peak. Our target is slightly under the 2.0 Fibonacci extension and the HH trendline (TP = 4.5000).
See how our prior idea has worked out:
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Polygon's MATIC transforms into POL: will POL rise back?A couple of days ago, the Polygon chain accomplished its much-awaited migration, wherein POL replaced MATIC as the native gas and staking token. While the newly launched POL is expected to play a crucial role in AggLayer, the community could decide to expand the utility of POL in subsequent phases. While the MATIC on the Polygon zkEVM will be automatically swapped to POL on a 1:1 basis, the tokens on Ethereum and other chains require a manual migration.
Meanwhile, the POL price remained stuck under $0.4 until the traders jumped in with a massive influx of buying volume. The POL price experienced a quick upswing after the volume soared. above $70 million, halting the ongoing descending trend. The technicals have turned in a bullish favour, which revives the possibility of reclaiming $0.5. The bulls are trying hard to materialize a parabolic recovery and a bullish close above $0.44 may keep up the probability of a bullish continuation for the next few days.
The price is trying to set a parabolic curve, which appears to be more likely as the RSI is ascending with the MACD close to undergoing a parabolic crossover. Besides, the steep rise in volume suggests an immense rise in the trader’s confidence. Therefore, the POL price is believed to maintain a steep upswing and rise above $0.57. However, the token may face a pullback before reaching the pivotal $0.6 zone, which may exhaust the selling pressure.
The upcoming quarter is believed to retain a strong bullish momentum within the markets and hence the POL price is also believed to demonstrate some strength. Therefore, as the market dynamics change, the token is expected to reclaim the $1 milestone, validating a move above the bearish influence. Although forming a new ATH remains a tedious job, the Polygon (MATIC) price or the POL price is believed to maintain a slow and steady upswing in the days ahead.
POL (MATIC) ecosystem is expanding...
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost".
Have a nice day today.
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MATIC to POL upgrade was done on the Ethereum mainnet.
(POLUSD 1D chart)
There are many coins and tokens in the MATIC ecosystem.
Therefore, I think MATIC has a high potential for development.
When choosing an altcoin, it is a good idea to check how the ecosystem it belongs to is formed.
That way, it will not be delisted.
To check the coin ecosystem, you can check it on a site that shows the coin market cap ranking.
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(MATICUSD 1M chart)
The key is whether it can rise above the psychological volume profile range of 0.6221-1.0839.
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(1W chart)
The key is whether it can rise above 0.4965 and receive support.
If not, we need to check whether it can receive support near 0.2950.
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(1D chart)
The key is whether it can receive support in the HA-Low (0.4166) indicator of the 1D chart and the HA-HIgh (0.5142) indicator range of the 1D chart and rise above the M-Signal indicator of the 1M chart.
Currently, the StochRSI indicator is showing signs of entering the overbought zone, so support around 0.3837 is important.
If it is not supported, it is likely to lead to further decline.
Therefore, the time when we can trade is when it shows support near the HA-Low indicator point.
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The fact that the HA-Low indicator was created means that a low point zone has been formed.
Therefore, if it is supported by the HA-Low indicator, it is a buying period, and if it falls, it is likely to show a stepwise downward trend.
The fact that the HA-High indicator was created means that a high point zone has been formed.
Therefore, if it is resisted by the HA-High indicator, it is a selling period, and if it rises, it is likely to show a stepwise upward trend.
-
Have a good time.
Thank you.
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- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
Since I think it can create a new trend in the overshooting section, I need to check the movement when this section is touched.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to create a pull back pattern and start after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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POLYGON - TOO EARLY FOR BUYS Polygon is approaching 2022 lows. Is it good time to buy now?
Based on Elliot wave theories and current price action on weekly timeframe, we are now in major wave 4 that is not completed yet. Expecting major wave 4 to be completed around the -0.27 ( 0.17 ) and -0.618 ( 0.08 ) Fibonacci levels ( Our buy zone ).
For the upcoming days, we'll be looking for short opportunities until we reach our buy zone.
If interested to see more setups and analysis, make sure to support our ideas by hitting the like button. :)
#MATIC/POLYGON Looks ready for a pump. Get longSo #ploygon is looking primed for a pump. It may or may not be a coincidence that it is about to rename to Polygon from MATIC. Pump the Polygon peeps.
Looking at the chart:
* STO is bottoming at 8. You heard me 8. The only way is up baby!
* RSI was 21 on the previous low and is 31 on this low. Sellers are running out of strength. Buyers are taking back control.
* We have a double bottom and the only reason we dont have a bullish divergence is because the selling was too weak!
Numbers:
* Target 1 is 0.54. That is 33% for a spot position.
* Target 2 is 0.76. Take some money off the table at 0.54 ffs.
* Stop loss. 0.38. If we see this level again then run for the hills. Drop it likes it hot. Get out.
GL Peeps.
#staysafu
Polygon (MATIC) grows amidst new token introduction. What's nextPolygon (MATIC) has been among the top five outliers on the daily and weekly price charts. Since last Friday, MATIC has risen by nearly 20%, while the rest of the market has remained sideways.
That’s not all though as in what is now a new update, Polygon will change its native token from ‘MATIC’ to ‘POL’ on 4 September. The exchange ratio will be 1:1 for MATIC to POL. According to the Polygon team, the transition aims to make POL the gas and staking token for the ecosystem. It could be expanded to cater to Polygon’s aggregation platform (AggLayer).
On the daily chart, MATIC was bullish as it mounted above the $0.42-level. Since 16 August (last Friday), MATIC has embarked on an extended recovery that netted almost 20% gains, at the time of writing. This reversed most of its August losses.
MATIC was trading at $0.47, at press time, and had to clear two key resistance levels to hit the supply area at $0.55. The immediate hurdles were at $0.49 and $0.51. Given the massive buying pressure shown by the RSI (Relative Strength Index) cruising above its average level, these targets could be hit.
At the same time, the Stochastic RSI was overheated as it was in the overbought territory. Hence, a cool-off couldn’t be overruled for MATIC’s rally. Also, the $0.46 and $0.42 levels were key short-term supports to consider if the rally cooled off.
So, MATIC’s extended recovery could face headwinds at $0.51 or $0.55, key resistance levels which could attract sell pressure.
POLYGON (Crypto) BUY TF H4 TP = 0.4564On the H4 chart the trend started on Aug. 05 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 0.4564
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
Matic Bull Pennant! PRICE TARGET $65No need to explain this massive bull pennant! The image says it all!
#Matic 1W chart;CRYPTOCAP:MATIC 1W chart;
On the weekly chart, we can see that the balance of February 2023 and March 2024 levels on the RSI side is not reflected in the price (red circles).
It is now at a serious support level and it also seems to have started a bullish pattern from these levels.
As long as it sticks to the stop level, it will not be a surprise to see sharp upward rises after the squeeze between it and the downtrend line it will enter.
The ratio between the pattern target level is 200
However, we can consider OB-FVG regions as a profit-taking level beforehand.
Polygon Matic soon will be POL, what price ?
On 17.07, they launched the process of CRYPTOCAP:MATIC to #POL migration on the test network
On September 4, 2024, Polygon Labs developers will upgrade the main network. As part of this process, the final migration of #MATIC tokens to #POL will take place.
The tokenomics should remain unchanged.
Some tokens will be lost due to non-compliance with the migration instructions (purely human factor), and the supply will decrease accordingly.
And in principle, they can start a global (3) wave of growth, with an intermediate goal of $1.25 for OKX:MATICUSDT , and the final $3.50 for #POLUSDT
MATIC looks bullishFrom where we placed the red arrow on the chart, it seems that MATIC has entered the correction phase.
The correction pattern appears to be a diametric.
The F wave can start from the green range.
Be sure to save some profit on the first target.
We are looking for buy/long positions on the green range.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You