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Polygon

Polygon (MATIC) formed bullish Gartley for upto 91% rallyHi dear friends hope you are well and welcome to the new trade setup of Polygon (MATIC) with US Dollar pair. Previously I shared a long-term trade setup for MATIC which produced more than 246% rally as below: Now on a weekly time frame, MATIC has formed a bullish Gartley pattern for the next price reversal. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
MLong
by moon333
1
IMX is the most underrated L2A LITTLE BIT ABOUT IMX IMX is Ethereum's layer 2 blockchain targeting GameFi. It is a protocol for creating IMX NFTs on the Ethereum blockchain, which allows transactions to be executed quickly and without additional fees. Immutable X uses an optimized Proof of Stake (PoS) algorithm to provide high transaction speed and low cost, while keeping Ethereum secure and decentralized. With zk-rollup technology, Immutable X speeds up transaction validation, providing scalability and reducing commission costs. Immutable X also allows you to create free transactions, making it ideal for games and other applications where multiple transactions are a necessity. HOW IT WORKS AND DISTRIBUTES PROFITS IMX's main revenue, like any L2, consists of commissions for generating transaction batches at the second level, as well as capturing the results of these transactions at the Ethereum level. IMX also takes 2% of all secondary sales on marketplaces that use IMX's order book. IMX has implemented a steaking mechanism, which would more accurately be called pseudo-staking. 20% of the net income of IMX is converted into the native $IMX through the open markets and distributed between all the stakers. Because of that, the IMX project itself maintains demand for its token, in addition to sharing its profits with active users who support the project. In some ways, you could say that IMX is a kind of real yield product, which trend is growing more and more ABOUT THE PROSPECTS IMX is in a narrow GameFi niche, providing unique opportunities for developers and users. Right now, blockchain-based GameFi sector itself is one of the most promising along with zk, RWA and NFTfi. On top of that, IMX has a transparent mechanism to directly influence the price of its native token to holders support. Special mention should be made of the partnership between IMX and Polygon, so developers will be able to implement their products using all existing technologies, relying on Polygon's security. And users will get a better experience with their products. As the entire GameFi sector evolves and the market as a whole continues to grow positively, IMX will take the lead in infrastructure for GameFi, with solutions that are time-tested and proven. Thanks for reading! Share your thoughts about IMX in a comment section
by Samura0x
5
MATIC Analysis, A Precarious PositionLet's take a closer look at MATIC and see what its current status is in the market. MATIC, with its current price of 0.9830, is definitely worth some attention. Looking at the RSI of 39, we can see that it's not quite in oversold territory yet, but it's certainly on its way there. The daily timeframe 0 Fibonacci of 0.9435 and daily timeframe 1 Fibonacci of 1.2500 give us a good idea of the potential range of prices MATIC could be trading within. Meanwhile, the daily timeframe upper Bollinger band of 1.1958 and the lower Bollinger band of 0.8943 suggest a level of volatility for the coin, with the middle Bollinger band at 1.0450 indicating the average level of volatility. The volume oscillator of -19% also suggests that MATIC is not seeing a lot of trading activity at the moment. On the other hand, the MACD of -0.0377 indicates that there is some bearish momentum in the market, which could cause the price of MATIC to drop further. However, we should also take into account the hourly EMA 50 of 1.0752, which suggests that there could be some support for the price at this level. Overall, it seems that MATIC is in a bit of a precarious position at the moment, with some indicators pointing towards a potential price drop, while others suggest that there could be some support for the price. It will be interesting to see how these indicators evolve over time and whether MATIC will be able to regain its footing in the market.
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by MonoCoinSignal
13
MATIC Polygon Price Targets after the FOMC meeting this weekThe upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments. The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak. Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the financial situation is much steadier. Additionally, inflation remains elevated, and with evidence of stubbornness in underlying inflation, it could be in the 4% to 5% range, far above the 2% inflation target. The markets are pricing in a 25bp Fed Funds rate hike to 5.25% at the May FOMC meeting, and given the steadiness in financial markets, persistence in price pressures, and continued decent activity, this could contribute to a further downturn in the crypto market. MATIC/USDT short Entry Range: $0.95 - 1.10 Take Profit 1: $0.90 Take Profit 2: $0.79 Take Profit 3: $0.63 Stop Loss: $1.26
MShort
by BuySellMarketMaker
1
$POLY primed to flyPolygon has been trading in this channel since June of last year. It's near the bottom of the trend line, which happens to coincide with the 200MA on the daily chart. With all the bullish sentiment around Polygon, and large projects moving their ecosystems onto the chain, I'd expect to see a nice bounce towards the middle of the trading channel; followed by an opportunity to exit with a ~40% gain from current prices in the highlighted box. Out at or above $1.50 sometime in April, ez gg - NFA.
COINBASE:MATICUSDLong
by ChartswithChip
4
Quick Update on MATIC: Here's a quick look at MATIC 2-day chart. Upon analysis, it appears that the current price of MATIC is undergoing a retest of the lower trendline. Should the price break below this level, a more substantial downward movement is expected to occur. Consequently, it is recommended to closely monitor this rising channel, particularly in the event of a downside breach. Furthermore, the ongoing downward trajectory of Bitcoin suggests a high likelihood of a corresponding decrease in the value of MATIC. In the event that Bitcoin retraces to the $20k range, it is anticipated that MATIC's price level will decline to at least $0.5. However, it should be noted that the price of Bitcoin is expected to continue decreasing from its current level, which further suggests the possibility of a downside break in the rising channel for MATIC as well. ------------------------------------------- About our trades: Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!) . Our TradingView page serves as a testament to this claim, and we invite you to verify it! ------------------------------------------- Recent Altcoin trades: ARB / USDT: 30% profit! ROSE / USDT: 5% profit! ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups. BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
MShort
by MBM_Crypto
18
Matic 🛤️ Break + Retest 1.0069?Looks Like we can continue the Bearish momentum here back down to yesterday's low at .9792 and beyond to our next daily level at .9755. Matic Polygon did a faekout yesterday above 1.0227. It returned back into the range, then to the bottom of the range then did a break and retest of the daily level on the 30m TF. Left a very large wick rejection and off we go onto the next zone at .9755. We have bounced but I can observe a retest of the low with momntum left over from earlier.
COINBASE:MATICUSDShort
by ShrewdCatfx
[polygon] by elo.The odyssey of Matic (Polygon) commenced at a mere 0.0025, back in 2019. It ascended in what appears to be an impeccable 5-wave sequence, reaching an impressive 2.9255 at the peak. Remarkably, it is one of the few tokens in this pervasive bear market that has not experienced any significant deterioration. Such a characteristic could be construed as exceedingly bullish— or, merely an elongated phase of distribution preceding the eventual re-accumulation phase. --- I admonish any prospective investor in this coin, as it may undergo a substantial depreciation once Wave B has concluded later this year. --- A conservative estimate for Wave C's termination resides within the 0.08-0.1 vicinity— however, it is more plausible that it descends into the 0.03-0.05 region, signaling the ultimate capitulation phase of the bear market. 👇 Subsequent to this event, I envision Matic soaring to a minimum of $15. --- Wave B target = 2.22 Wave C target = 0.03 ✌
CRYPTO:MATICUSD
by Eloquent
2
🔥MATIC TRADING PLAN: EXPECT 30-45% PUMP WITH BULLISH BTC AS KEY🔥Hi, friends! I don't think that MATIC will update the local high at $ 1.57, but it has the power to make a local pump by 30-45%. This is in line with my vision global vision on BTC that there will be one more pump before this local bull market will end. 📊 TRADING PLAN FOR MATIC: 1. false breakout of the trendline 2. the volume growth which in 70-80% confirms that the bottom is reached 3. bullish BTC is a must-have for altcoin growth ✅ THE MAIN TARGETS FOR MATIC: 🔥$ 1.25 - the ley level and local high 🔥$ 1.50 - the key level and even number which is usually the strong resistance/support 💻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.
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by Yuriy_Bishko
7
Polygon 🛠️ Holding 1.0159 ? Will We continue our uptrend on HTF's? IDK we will have to see if price ( 1.0159 ) Daily level will hold or we may fall into the depths below, the abyss. I can our next short targets being ( .9760 ) 4hr Level and ( .9382 ) Weekly level. I can see a short term range being created here to build up more liquidity to go to the upside. The prices for the range may be between 4hr zones ( 1.0069 and 1.0539 ) before seeing more upside as bulls gather liquidity.
COINBASE:MATICUSDLong
by ShrewdCatfx
MATIC: Approaching SupportPolygon (MATIC) technical analysis: Trade setup : Price was rejected at $1.60 resistance and pulled back near $1.00 support (also 200-day MA), which could be an attractive swing entry opportunity. However, trends are mixed, hence, buying it here would be counter-trend and therefore risky. Trend : Uptrend on Medium-Term basis and Neutral on Short- and Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $1.00, then $0.75. The nearest Resistance Zone is $1.30, then $1.55.
MLong
by altFINS
MATIC/USDT Technical Analysis For Long SetupMATIC/USDT Technical Analysis for Long Scalp: Targeting $1.30 Polygon (MATIC) has been a popular cryptocurrency lately, with its price showing a bullish trend. In this technical analysis, we will examine MATIC/USDT's current price, identify potential entry points for a long setup, and provide price targets for traders to aim for. Technical Analysis: At the time of writing, MATIC is trading at $1.1682. If BTC becomes volatile, we could see an excellent entry point around $1.14-$1.16 for a long setup. The first target for this trade would be $1.20, followed by $1.24 and $1.30. If any 4H candle closes below $1.114, traders should exit the trade to prevent further losses. Takeaways: MATIC/USDT is currently trading at $1.1682 The potential entry point for a long setup is around $1.14-$1.16 if BTC becomes volatile The price targets for this trade are $1.20, $1.24, and $1.30 The stop loss for this trade is $1.114 Conclusion: This technical analysis suggests that MATIC/USDT is currently bullish, and traders could benefit from a long setup with an entry point of $1.14-$1.16. By following the suggested targets and stop loss, traders can manage their risk and potentially earn profits. However, it is important to remember that this is not financial advice, and traders must do their own research before investing in any cryptocurrency. Happy trading!
MLong
by CryptoPatel
1
MATICUSDT Idea | a Bullish TrendA mental plan, and analysis based on a Macro ascending channel and upwards mini channels with slopes of 55 degrees. The duration of this upward movement is 7 days at most and it is a long-term trade with 40% profit.. BINANCE:MATICUSDT MATIC NETWORK vs USDT and USD ⚠️🚨 Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view, And only some of these analyzes are my actual real trades. I hope Traders consider I am Not responsible for your trades and investment decision. ✅ Please write any advice or suggestions.
MLong
by Arash-RK
MATIC (Polygon) last resistance before 2$!#MATIC / USD Update: CRYPTOCAP:MATIC is currently trading at $1.089 According to Coinlion Trend Trader Indicator, MATIC is currently bearish. Short alert at $1.17 (3th of March) Reminder last bull run from $0.85 (01/11/2023) till the $1.26 (02/25) with plenty of Profit alerts (60-80%) Now we are shorted MATIC There is a buying pressure between $1.02 and $1.04 We might touch the bottom of the ascending channel around 1$ and take some profit (which is also the 200SMA) before pulling back (we hope) to 2$. But we need to follow the rules and the Coinlion Trend Trader Indicator What do you think ? Please click LIKE button and Appreciate my work. Coinlion Trend Trader indicator tells me - When to enter short or long - When to exit and take profit :-) If you want it or my SL indicator or My Liquidity Support and Resistance Indicator, let me know or check our website. Thank you.
Short
by Coinlion_TT