Get started

Polygon

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. We said that the price has the potential to break its resistance and now the resistance is broken and IF the pullback is confirmed, it will continue to reach the target. The targets will be 1.3 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
1
🔥 MATIC IS GOING TO BREAK $1 KEY LEVEL!🔥 Hi friends! The value area is a place where the whales accumulate/distribute their positions. Now MATIC is consolidainge inside the HUGE value area and I think it's an accumulation. 🚩The price of this altcoin should skyrocketing when it break the top boundary of this area ($0.96). So this is a main reason to open our longs before it happen and make a good profit. 📊 THE TRADING PLAN FOR MATIC: 1. squeeze to the trendline after the pullback 2. the huge buy orders on DOM and Footprint sclaping tools before the breakout 3. bullish BTC is a must have for the 99% of altcoins growth 🚩 The huge volume confirm the liquidation of the overleveraged long traders. It's force me to think that the recovery is possible even in a short term. ✅ MY TARGETS FOR MATIC: 🔥 $1 - key level and even number 🔥 $1.16 - key level and local high 🔥 $1.3 - key level and local high Traders, I recommend you to book at least 30% of profit when the price reach each of our targets. Make a money and stay tuned! 💻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
M
by Yuriy_Bishko
8
✴️ Polygon Hits Perfectly First Resistance, Next Target Mapped It is hard to belief we haven't revisit Polygon since December 20... Yet it is my pleasure to share a new update for you but first, the previous trade idea to know where we are at: ✴️ Polygon Has Bullish Potential | Can Grow 100%+ Our resistance was hit perfectly and all the indicators are flashing green. The RSI is trending up strong. Before making the mistake to think that it will become overbought just zoom out and look at the weekly timeframe... Things are only getting started. Always do this, when you see the daily timeframe looking over-extended, before reaching any conclusions first zoom out and you might get a new perspective. Weekly MATICUSDT is moving above EMA50. Closing and staying above this level is a very strong bullish signal. Now, we are trading within higher low territory as we already know we can now aim/look forward to the next high. There are many ways to extract targets/resistance levels but Fib. is our preferred tool. This is giving us a potential target at $1.65 for 66%. Very convincing... It all looks really good but... Remember, things can always change. So we prepare for both scenarios, always. What to do is prices go up, how much to sell and when to sell... What to do if the chart changes and moves the other way... It is wise to prepare before-hand. Nothing to lose, much to gain. Namaste.
MLong
by AlanSantana
MATIC/USDTesting/Tracking Elliot waves. Please do not trade without stop/loss. Matic has been my favorite coin throughout this bear market. It has been one of the few coins constantly publishing updates & making progress in a bear market. Countless numbers of partnerships especially with big name corporations is a plus. This means a lot of people have faith in this project. Enough with this though lets get to the charts. Chart timeframe is on the weekly. I have posted a few charts on matic already and have been signaling the bottom since it hit .31. The reason for this is because that's the -90% drop. If not all, majority of coins will go through a 90-95% drop from the top when we enter a bear market. If your coin has already dropped 90% and it risk falling another 5% is very little. This is where you should start positioning more, regardless if it drops further or not. On this chart I am showing you 2 potential top for the next bull run. 4.7 and 7.8. Before I go any further, let me quickly explain why you should've bought some at .31. A 90% drop from the top of 2.9 brought us to .31 A 95% drop from the top of 2.9 brings us to to .15 or so You would've been risking a -50% drop for a potential gain of 1400%+ R/R ratio of 29 (you can check by hovering over the long position: green & red chart) Now I'm a big fan of DCA. let's say you decided to buy at .31 and it did go lower into a -95% drop. This is the perfect spot for you to add more into your position. Not only did you get some for the above R/R ratio of 29 now you got some for even more. A -95% drop is normally the highest all coins drop, not many go much lower than this. With a -95% drop your R/R ratio is 35. I've placed the stop loss at -98% cause I've seen some coins go there. Your potential gain from here is 3500% Now you're adding your first position with second position. For these type of gains, the risk was very little. Currently we're at a -69% drop from the top according to today's price. If we ever go near the prices of the above, God has given you a second chance. From today's price your R/R ratio is 4.5 (437% gains) with the stop loss being under the -95% drop. The gains you potentially could've made has already gone down by tripled. The risk of buying here is still not bad, but the once in a lifetime opportunity has already gone by. The wave projection on this chart is based off of wave 1 and wave 2 already being made. Wave 3 target is an estimate of where the next bull run may take us. I tried to time the wave accordingly to the timeline, however, Elliot waves cannot predict time. Chart timeline is based off of the bull cycles in the crypto market. We normally get 2 years bull & 2 years bear that corresponds to bitcoin's halving events.
M
by AyoKu
Polygon (MATIC/USDT) Poised to hit $1 SoonBitcoin price has been largely bullish since the beginning of 2023 and after recording a series of bullish candles, the bulls apparently look exhausted. It appears that the price corrections are just to attract more liquidity over the platform which is more required to uplift the price to reach the desired target of $20,000 very soon. In the meantimes some of the altcoins including Polygon(MATIC) are preparing to lay down a firm upswing. To be specific, the MATIC price is believed to rise high beyond $1 The MATIC price currently displaying immense strength as it is about to accomplish a parabolic recovery to reach the neckline of the consolidation. After reaching the resistance, the price may witness a significant pullback to the lower support around $0.84 and ignite a notable upswing towards the interim resistance at $0.91 Here the bulls are required to hold their strength which may propel the price higher above the crucial resistance at $0.95 which may in turn uplift the price beyond $1
M
by Coinpedia-Market-Insight
1