Robinhood will delist Polygon MATICIf you haven`t sold MATIC here:
Then you should know that Robinhood, the well-known trading platform, will discontinue its support for three cryptocurrencies implicated in SEC lawsuits against Binance and Coinbase.
Effective from June 27, 2023, Robinhood will no longer provide support for Cardano (ADA), Polygon (MATIC), and Solana (SOL).
In My opinion MATIC will test the support of $0.50.
Looking forward to read your opinion about it.
Polygon
MATICUSDT short position (50 % profit)The upsloping support has held so far.
If we get the bounce, we expect the price to create the lower high which would be an entry for short position.
If the upsloping support fails, and the price confirms it as a resistance, it may be an entry for short as well.
Entry, Take profit, Stop loss and final target are shown on the chart.
Good luck
#MATIC High Probability is 2.11 $ Before Go Below 0.30 $ #MATIC is holding support and bulls wants to take this upside for closing their Long positions. When they will take this 2-2.20 USD, then we can see Sharp Drop or Sell Off for 0.30 USD..
Polygon Falling Wedge FormationIn MATIC, a very clear falling wedge formation can be seen in the daily timeframe.
At the same time, MATIC, which is based on 0.75 support, can break the falling wedge if it is rejected from this support.
Once the wedge is broken up, the first target will be $1.19 and the main target will be $1.60.
MATICUSD - Top Cap IndicatorUsing the Top Cap indicator to plot future bull runs
I expect Matic to drop to a low along the horizontal support level that is shown in this analysis
From this low bulls can gain momentum and push price up to the top cap peak at around $10.
This would be an enormous move, but MATIC is still very young and has a lot of promise.
DUMP IT Mr Matichello guys
so as you see I expect matic to be dumped to 0.5 fib level log
bag holders who didnt take the 150x profit they will regret it for the next 5 years
Thanks
Matic | Polygon Looks Bearish HereTargets from the initial move down line up with targets from the next move down and support levels.
MATICUSD - Strong Horizontal ReachedMATIC has reached a strong horizontal support.
I expect a price reversal at this level due to the large support that is here.
Bars pattern shows this reversal out of the down channel.
Polygon MATIC and the US Debt CeilingNegotiators from Democratic and Republican parties finalized an agreement on Sunday night.
Instead of raising the limit to a specific level, they have opted to suspend it entirely until 2025. This strategic move ensures that their bills can be paid until that date, while also guaranteeing that the next battle to raise the ceiling will not coincide with the upcoming presidential election.
The resolution of the debt ceiling issue brings optimism and stability to the financial landscape, which has a positive ripple effect on the cryptocurrency market.
Bitcoin and the broader crypto market stand to benefit from increased investor confidence, reinforced safe-haven status, enhanced institutional adoption, regulatory clarity, and the overall positive impact on global markets.
MATIC/USDT short
Entry Range: $0.85 - 9.91
Take Profit 1: $0.97
Take Profit 2: $1.10
Take Profit 3: $1.24
Stop Loss: $0.78
Will MATIC falter at this level?MATIC’s price action rebounded from the mid-range.
The range low is a confluence of a bullish OB in H12 formed on 16 May and another bullish OB formed in H2 on 14 May.
A price rejection at the short-term range high could drag MATIC lower.
Entry: $0.89
Target: $0.84
Stop-Loss: $0.91
RR - 2.8
long MATICCRYPTOCAP:MATIC broke through the descending trendline and the resistance level. Bullish movement to resistance level at $0.95 is likely to happen.
🔥 MATIC Battle For The Uptrend: Danger ZoneMATIC is rapidly approaching the main support line which has been directing the trend for almost 9 months at this point.
Bulls are most definitely coming out in force once we reach this support. Naturally, Bitcoin needs to help here. If BTC sees bearish price action, MATIC will simply fall through the support and confirm the bearish mid-term bias. In case the support doesn't hold, I'm looking at 0.75 as the bearish target. In case we see a bullish reversal, 1.00 is the target.
✴️ Looking Into Polygon's Correction To A New Higher HighPolygon's correction, MATICUSDT, has been going now for more than three months.
The total drop amounts to 48% from Febs peak price to May's low.
The current price is trading below the 0.786 Fib. retracement level support...
A very strong correction by all standards but MATICUSDT continues trading within a higher low (compared to its late Dec. 2022 low).
Hidden bullish divergence on the RSI.
Very low bear volume on the last low with the session,12-May, closing green.
Looking at Litecoin and Lido, for comparison, we can start to speculate that the correction low is more likely than not to be in.
The low volume is quite telling.
The entire correction phase, 90 days, produced very little volume compared to the bullish wave, 49 days...
These are bullish signals.
A higher low can lead to a higher high... Patience is key, but what comes next will be twice what we saw in late January... It is about to get good.
Namaste.
MATIC Critical support directionHey guys, here what a new update in MATIC.
Using the Daily chart;
>Price ended up falling all the way to the local support at 0.85. Support has been holding well so far so a critical movement is about to occur either UP or DOWN.
>IF price breaks below the white support line ,we will be likely heading close to or into the next support located at 0.61.
>IF price breaks above long term target is $1.7 and $2.8 bullish scenario.
>this is a CRITICAL support area and 0.85 is a very important support so i am expecting a big movement either up or down.
>Both support and resistance of the wedge seem to hold and be important as they have served their purpose 3 times each.
For the trader who wants to trade this chart, draw the wedge and place alarms below the support in case we break to the downside.
MATIC LONG OPPORTUNITYMatic has been 38 Days exactly in sideways action. I believe a big movement is going to occur on MATIC either UP or DOWN. It looks like a good trade with a goodrisk : reward so its definitely worth taking the shot. BNB was broken out of the symmetrical triangle so I will assume MATIC is going to follow the same steps as they both go together and Binance owns MATIC. I may still be wrong but its worth the risk taking.
matici got matic about bottomed and finished with the HTF B wave. Now loading C wave back to $5 plus
Polygon: Exemplary 🤓Quite commendably, Polygon has advanced into our magenta-colored target zone between $0.78 and $1.02 and has touched at the lower edge of the pink trend channel to finish wave (iv) in blue. Now, we expect the altcoin to gain strong upwards momentum to haul itself up, leaving the magenta-colored zone on the northern side and developing wave (v) in blue, which should end in the top of wave (i) in magenta. Wave (ii) in magenta should then make for a distinct counter movement before wave (iii) in magenta should take Polygon further upwards.
MATIC - Outlook 17 05 2023MATIC Overview
There is a potential short entry into wave II cycle, in the current minor wave, it is potentially heading towards the 38.2% area, which is the wave 4 retracement area before continuing the decline to wave 5. then matic will rebound strongly
🔥MATIC's Next Big Move: Navigating the $0.77-0.84 Value Area🔥Hi, friends! Matic is going to test the $0.77-0.84 value area. It's a huge value area that possibly can be a great support for the price.
📊 TRADING PLAN FOR MATIC:
1. false breakout of the previous low
2. volume growth
3. squeeze to the trendline
4. bullish BTC is a must-have for altcoins to grow
✅ THE MAIN TARGETS FOR MATIC:
🔥 $1.04 - the local high and even number
🔥 $1.25 - the local high and ket level
💻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.
Polygon Analyze (Road Map, 03/14/2023)!!!🗺️Today let's take a look at Polygon project 🗺️roadmap🗺️ in daily time frame.
First, let's take a look at the fundamental.
Fundamental :
Polygon is a layer-2 scaling solution for Ethereum which aims to address the scalability issues on the Ethereum network by providing faster and cheaper transactions. Polygon utilizes a network of sidechains to enable fast and secure transactions, allowing users to transfer assets between Ethereum and other networks.
Polygon has a strong development team that is dedicated to improving the network and expanding its capabilities. This is evidenced by the frequent updates and upgrades to the network that are aimed at improving its scalability, security, and functionality.
It also has strong partnerships with notable players in the blockchain industry, such as Aave, Curve, and Chainlink, which increases its credibility and reputation.
Overall, the combination of strong partnerships, a dedicated development team, and impressive growth make Polygon a promising project in the blockchain industry.
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Technical :
It seems that Polygon has started to form a zigzag correction(ABC/5-3-5) after completing its 5 impulse waves in the 🔴resistance zone($1.488-$1.249)🔴, so that wave A has ended on the important uptrend line.
💢Currently, the Polygon is moving in the Time Reversal Zone (TRZ) and near the resistance zone.
💢Polygon can also form the fan principle at top pattern.
💢In addition, the sell signal is created by the 50-SMA and 50_EMA.
💢The RSI indicator is also rejected from the 50% line and above the descending channel.👇
🔜I expect the Polygon to decrease to the 🟢support zone($0.77-$0.69)🟢after the important uptrend line breaks.
Polygon Analyze ( MATICUSDT ) Daily Time frame⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Polygon | MATIC | Looking bleak for Bulls next target $0.7567Polygon | MATIC | Looking bleak for Bulls next target $0.7567
MATIC has lost a very key support and doesn't look promising for bulls to be honest - a potential divergence is forming also if this recent rejection continues
| Death Cross
| Nice rejection wick
| Broken the 200 EMA and rejected
| If this is a peak then it will be a hidden divergence....big IF
| Lost Key Support
| Potential point to take profit in case of bounce
| Broken key CVD trendline
Polygon: a bright future or forgotten technology? Polygon is the first Layer 2 blockchain. The initial placement of the project took place on April 24 2019, on the Binance Launchpad platform and two years later, on December 27, 2021, an ATN of 2.92 USDT was reached.
Project development dynamics
For several years, the project was for the most part, if not in oblivion, then in the shadow of other similar and all sorts of "killers of Ethereum". The project reached a wave of success in 2021, having caught the eye of large public investors and built partnerships with popular brands. In May and June 2021, Polygon received support from billionaire investor Mark Cuban, who revealed plans to integrate his NFT Lazy.com platform with Polygon. To date, Polygon has various partnerships with:
Adobe Behance
DraftKings
Alan Howard's hedge fund, to develop Web3 projects
Stripe launched global cryptocurrency payments through Polygon.
Fashion brands: Adidas Originals, Nike, and Prada have launched NFT collections on Polygon.
Instagram is also partnering with the project at NFT.
Polygon is partnering with Niger to develop a blockchain ecosystem for the country's future.
Aave, Curve.Fi, Decentraland, Sandbox, OpenSea and Uniswap have chosen Polygon as their scaling solution.
Polygon has partnered with Salesforce, which delivers customer relationship management (CRM) software.
Citigroup published a report in April 2022 describing Polygon as AWS
Web3. It is claimed that the Metaverse economy, by 2030, will reach $13 trillion, with much of it developed on the Polygon network. Citigroup also believes Polygon will become widespread because of its low transaction fees and developer-friendly ecosystem.
A report from blockchain analytics company Messari, showed that in the third quarter of 2022, the number of active MATIC addresses increased by 180% in the second quarter, and the total number of transactions for the quarter was 2 billion.
In 2023, despite the market correction, the project has made significant strides, both in development and partnerships. In the last couple of weeks, partnerships have been reached with Google Cloud and Franklin Templeton to tokenize large-scale financial products for its DeFi, etc.
Sotheby's, which accounts for 24% of the world's art auction sales, announced that its trading floor has launched on Ethereum and Polygon.
Polygon's GitHub has recorded a significant increase in the number of code commits and the number of kernel developers since early May.
Recent technical news for the project has been the launch of Polygon zkEVM, a zero-disclosure scaling solution equivalent to the Ethereum virtual machine. This means that most existing smart contracts, developer tools, and wallets will be able to work seamlessly. Polygon zkEVM leverages ZK proofs to reduce transaction costs and increase throughput while keeping Ethereum secure.
Polygon launched three updates on May 3 to make it easier for developers to integrate decentralized identity into dApps: new features in Polygon ID infrastructure tools that include improved integration, UX, and a host of new tools to help developers who build dApps.
A new issuer node interface that will make it easier to set up, manage and work with the issuer node. In addition, push notification support is provided in the mobile SDK and in the app reference implementation.
Developer tools and updates such as JWZ Validator, Polygon ID smart contract deployment on the core network and the recently announced PolygonID DID resolver.
Outlook for Matic
Today, the L2 solutions niche is actively filling and expanding, with projects and their ecosystems competing with each other for developers and users to form a better L2 ecosystem.
Matic's direct competitors, Optimism and Arbitrum, launched in mid-2022 and March 2023. These projects, as well as Matic, aim to make transactions cheaper and increase throughput. After the release of these projects, Matic actively began to lose the volume of transactions within the blockchain and the number of unique active addresses.
Zero Knowledge-based projects zkSync and StarkNet are currently being prepared for release and will also be in the L2 solution race.
Matic lost its unique advantage of being the only project with the best user experience and now the project team is looking to create partnerships with established web2 businesses and prepare projects for mass adoption. Only with these products, Matic will be able to regain its dominance amongst the other L2 solutions.
At the moment, the price of Matic is approaching the key support zone of 0.78-0.68. Potential zones for growth are shown on the chart in terms of historical analysis.
Polygon MATIC price beckons to buy, but where?)Exactly 3 months have passed since the publication of the idea with our global vision of possible movements of the MATICUSDT price.
The first part of the idea has clearly worked out the $1.50 target, and the second part of the idea with a correction to $0.5 now looks unlikely.
It is more realistic to assume that the "buyer" who did not allow the MATICUSD price to fall below $0.70-0.80 during the second half of 2022 will not allow this to happen in the near future.
Therefore, we consider the $0.70-0.80 zone to be ideal for buying MATIC into the medium- and long-term portfolios with the first take profit not earlier than $2.50
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