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Polygon

MATIC looks bearishHello, everyone! Let's take a look at the BINANCE:MATICUSDT chart. After the huge downside impulse price is printing the clear upward sloping trend channel. We can also notice that it formed the deviation below this channel. It was the fake breakdown to stimulate traders open short trades. In such cases price usually tends to create the same deviation to the upside. It could perfectly coincides with the supply zone above. Therefore I expect the MATIC price a little bit higher at $1.8 and crash after that. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
MShort
by Skyrexio
6
MATIC trade setup The idea is: Buy when the price breaks above 1.535$ and take profits at the levels shown in the chart. Targets: 1. 1.56$ 2. 1.62$ 3. 1.68$ ------------------------------------------- What's a Fair Value Gap (FVG) ?: A fair value gap is the difference between a financial instrument's theoretical value and market value, such as a derivative or security. It can indicate a misprizing opportunity for traders to profit by buying or selling at the misprized level. In other words, there is a gap in the price in which some open orders still need to be filled. The price will return to fill the orders. ------------------------------------------- What are triangles when it comes to trading? Key points: "1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape. 2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern in the event of failure. 3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles." ------------------------------------------- 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!
MLong
by MBM_Crypto
6
Polygon MATIC price will double or halve its value in few monthFinally, altcoins have started their upward movement, most of the ideas we have published on different coins over the past 2–3 weeks are in the process of working out the targets. But the MATICUSDT price did not grow much on the crypto market in the last few days. In fact, the MATIC price was one of the first to break out of the downward trend in the summer of 2022 and has been in a protracted consolidation since then. The way out of such consolidation will be a powerful impulse movement that will double the value of the Polygon token or halve it. Therefore, it is very important to monitor the behavior of the MATICUSDT price around $0.75. Another holding of the price above this level will increase the chance of starting growth to $1.50 per MATIC However, if sellers can easily push and fix the price below $0.70-0.75, then this will be a signal that keeping MATIC in your portfolio may be unprofitable. After all, because of such conditions, an almost unobstructed path will open for the price to fall to 0.44 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
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by P_S_trade
45
✴️ MATIC Network (Polygon) Update (70% More & Then More!)After 6 weeks of growth, 6 weeks closing green... The seventh week becomes even stronger and produces more growth than any of the previous weeks. Notice here the "low volume". I always mention how low volume when considered in context to the broader market experience can give a completely different signal than a bearish one. Volume is low as prices grow strong, this means that the real growth is yet to come. We will see even more action, more growth, based on this volume signal and the weekly candles of course. This is the same chart I published weeks ago... Just an update! Previous charts: 27-Jan. ✴️ Polygon Growing 144% Is Only The Beginning 2-Feb. ✴️ MATICUSDT | Polygon, New Entry (Name Your Altcoin #2 ✅) Thanks for the support. Namaste.
MLong
by MasterAnanda
6
MATICUSDT 4HMATIC is unstoppable! It has already broken up the bullish channel and the upper line of the keltner channel. It can pull back to the 1.3727 region to take a breath and then move up towards 1.6148, or go straight up to 1.5191 before that pullback. Stocastic above 70 does not necessarily mean “overbought”. Upward moving averages indicate and confirm the uptrend. Here are the supports and resistances in the 4H: Main support levels : 1.3718/ 1.2500 / 1.1405 Main Resistance Levels: 1.5215/ 1.6179/ 1.7048 Recalling that Polygon has set March 27 as the launch date for the long-awaited beta mainnet network Ethereum Virtual Machine (zkEVM), an innovative technology that aims to increase the speed of blockchain transactions and reduce their cost.
MLong
by ferulianov
MATIC holders, well done, still 20-23% of potential profit !#MATIC / USD Update: $MATIC is currently trading at $1.38 According to Coinlion Trend Trader Indicator, MATIC is currently bullish (he is in the ascending channel since July 18th 2022) Entry point : $0.86 Profit Point : $1.71 (100% profit) The next possible target would be the top of the channel at $1,71 (23% more profit) 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 when to take profit :-) Thank you.
Long
by Coinlion_TT
MATIC Long!!KUCOIN:MATICUSDT MATIC sitting in potential cup with breakout upside to 1.76 level possible 36%. On rejection can short to pullback for re-entry ideas for long to breakout. Better entry, retest of breakout level. Can look to enter on break and add to position on successful retest. LTF analysis can provide pre-breakout opportunity but watch for 21 to catch structure. MATIC news: 1. Doritos chips becomes latest brand to launch in metaverse with Polygon-based NFTs Polygon’s growing adoption by mainstream corporate giants including Nike, Disney, Starbucks, Coca-Cola, Meta and Reddit. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
MLong
by imr4nkh8n
3
MATICUSD Tests Crucial Lines Ahead of a Possible Trend ReversalMATICUSD shows a major trend reversal signal according the Heikin Ashi hourly chart. This becomes with testing the support of the crucial lines of Fibonacci 23.6% at 1.2818 and 1.2770, as this area has a very important volume profile. Also, it is near the SMA-100, which is in turn, a very important for trend signaling as the orange shaded area below it demonstrates. A breakdown below 1.2818 and SMA-100 may confirm the trend reversal of MATICUSD. The area between 1.2555-1.2396 levels is the bearish target for MATICUSD if the breakdown would happen. If a further breakdown below those bearish levels occurred, the area between 1.2168-1.2055 would be the next bearish target as well. On the other hand, if MATICUSD managed to stabilize above the area of 1.2818-1.2770, this may invalidate the previous bearish hypothesis and the area between 1.2899-1.2933 may be retested again in order for MATICUSD to continue its bullish trend toward 1.3231-1.3307 as the next possible targets.
COINBASE:MATICUSD
by SamerHa
MATIC is at Resistance, Will We See a Breakout?MATIC is currently at the $1.32 resistance. Can it break through and head toward the all-time high? About MATIC: Polygon (MATIC) is a blockchain platform that provides Ethereum compatibility through its Layer 2 scaling solution. It aims to solve scalability issues in the Ethereum network, and make it easier for developers to build and deploy decentralized applications (dApps). Polygon has been making waves in the cryptocurrency world due to its innovative approach to solving the scalability issue and its potential to revolutionize the Ethereum ecosystem. MATIC, a Different Cryptocurrency MATIC has been behaving differently from the rest of the cryptocurrency market. Unlike other cryptocurrencies that reached their lowest levels in November following the FTX crash, MATIC hit its lowest level in June 2022. This shows that MATIC has been resilient and has followed a different trend than the rest of the market. After reaching its lowest level, MATIC has been mainly ranging between $0.70 and $1.00 from July 2022 to January 2023. However, at the end of January 2023, it broke above this range and is now heading toward the $1.32 resistance level. If MATIC successfully breaks this resistance, it will likely head toward its all-time high of $2.91. However, if the resistance holds, MATIC will head toward the $1.00 support level. Additionally, there are 2 more support levels at $0.70 and $0.30, but it is improbable that MATIC will reach the $0.30 level considering the current market conditions. The key to predicting the future price of MATIC is to keep a close eye on how it behaves at the current resistance level. Looking Ahead: Polygon (MATIC) is a promising project that has the potential to revolutionize the Ethereum ecosystem by providing a scalable solution. With its strong performance, MATIC is a cryptocurrency worth keeping an eye on in the coming months.
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by cryptohopper
1
MATIC: Approaching ResistancePolygon (MATIC) technical analysis: Trade setup : Following a bullish breakout from Sideways Channel ($0.75-$1.00), trends have reversed to Uptrend and price is near another major resistance zone at $1.30. wait for price to 1) break above $1.30, or 2) pull back near $1.00-1.10 support for swing entry. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $1.00 (previous resistance), then $0.75. The nearest Resistance Zone is $1.30.
MLong
by altFINS
MATICUSDT, key zones to watch and next move. UpdateHello guys, This is an update of previous analysis (blow link). Everything is explained on the chart for you like always. The price is currently moving as we expected and reached first target with 48%. So you can manage your positions and it's better to save profits because of major resistance, divergence in RSI and market's sentiment. Then continue to reach the second target. The targets will be 1.6 and 1.7 . Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below to me
MLong
by ArashBanakar
3