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Polygon

MATICUSD (Polygon) ZonesHere we are looking at MATICUSD on the Daily TF… Let’s begin by zooming out on the chart to get a sense of the important zones that we must consider when analyzing Polygon in its local price range. When looking for Macro support, the strongest support line that we can draw rests at approximately $0.31 as marked by the bottom (green) line. In the immediate short term, we are looking at local support at about $0.75, so there is quite a lot of space between our local and macro support lines. If MATIC can’t hold its local support line (green), then we may expect a fall to its bear market lows, which also happen to be its macro support at $0.31. Lastly, let’s quickly analyze the resistance range drawn on the chart. This resistance zone ranges from $1.00-$1.30. As it continues to bounce between local support and resistance, we will keep you posted on relevant developments in the chart… Cheers!
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by GarethSolowayOfficial
6
There was a strong positive reaction from the supportMATIC had acceptable price growth last week. After the price reached the $0.7500 range, there was a strong positive reaction, and we saw an 8% retracement of the MATIC price. The previous resistance level in the range of $0.7984 to $0.8267 has been accompanied by a negative reaction. But the bullish candles below this resistance are being compressed, which indicates the possible failure of this resistance in the coming days. The new MATIC resistance support levels are carefully considered, and the range trend can end if any of the levels are broken. The price movement can also continue to the following levels according to the width of the range channel. If the short-term conditions of the market remain favorable, there is a possibility of breaking the resistance and reaching the target of 0.8741 to 0.9079 dollars. The Smart Money indicator confirms the current resistance support ranges.
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by MonoCoinSignal
2
✳️ MATIC Network vs Bitcoin | A Very Difficult PositionHere is a great example of a chart that we do not trade... I will explain the reason why. MATICBTC has shown great resilience, amazing strength because it remains trading near its All-Time High while the entire cryptocurrency market was going through a terrible bear market. Now, we have many technicals that support the bulls such as a strong RSI and prices trading above EMA50, so why avoid a chart like this one? The markets are unpredictable... Anything can happen at all times and this chart is a great example. Now, the only way to trade spot on is on the long side... The lower the price, the higher the potential for growth. The higher the price, the higher the potential for a drop. While this pair can continue to grow for years to come... We have a double top long-term, one in May 2021 another one in November 2022. This is not good. We look for pairs that are bottomed out or trading near a strong support. Once support is tested and holds there is high probabilities for prices to move up. In case a breakout fails, we have a tight stop-loss. 5%-15%. While on a chart like this one there is lots of room for prices to drop. Here are some examples of charts where you see support being challenged an a potential for the trend to reverse: ✳️ Chiliz vs Bitcoin | Very Interesting (66 to 114% Potential) ✴️ Fantom Looking Like July 2021... 2,180% Wave To Go UP! ✳️ Kava Rebound Points To Easy 40%, Up To 100% Possible ✳️ Ethereum Classic vs Bitcoin Fully Mapped (70% to 198%) ✳️ Zcash About To Print Strong 100%+ Growth! Notice that they are bottomed out while MATIC is trading near its All-Time High. Thank you for sharing. Namaste.
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by AlanSantana
1
Matic Did I miss the boat? Elliott waveIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! Matic got the new low for a potential 5 waves in down in this variant. And have been watching this move up for a play. Waiting to see if this finishes here and moves back down to the GZ and support in a corrective fashion. If it does will consider a long, if it blasts, new plan. Can always get in later, it may hurt, but sticking to the plan. Being an impulse, I could be missing something and could break the low...hence a corrective to and reaction off would be ideal. Cheers!
MLong
by CryptoKnee
Could it rise above the key point of 0.8647...Happy new year! Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (MATICBTC 1W chart) If the price holds above the 0.0000 4151 to 0.0000 4415 range, the upward force is expected to remain. ------------------------------------- (MATICUSDT 1M Chart) The question is whether it can break out of the downtrend line by holding the price above 0.7778. (1W chart) In order to continue the mid- to long-term upward trend, the key is whether it can rise above 0.8647. If not, you should check for support around 0.6201. (1D chart) Since the M-Signal on the 1M chart and the M-Signal on the 1W chart are passing around 0.8647, the important question is whether it can rise above 0.8647. To do so, it is necessary to check whether it can be supported around 0.7778. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
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by readCrypto
$MATIC still trading mid-70s to mid-90sAs the title states, matic has been trading between the mid 70s to the mid 90s. It had a brake lower one time and it had that huge pump a while ago above the '90s. If you put $matic on a longer term time frame you will see why up move stopped. Using daily is great for short-term pumps but if you use the longer-term charts, you'll see where the up swing will likely stop. Once you see that the longer-term charts are no longer negative that's when you know we should keep pumping and daily charts will help you with resistance levels higher up and trading portions of them but this is when you begin to hodl. This is a process that takes a long time, especially if they are monthly charts.
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by ROYAL_OAK_INC
1
MATIC - The probability of forming a range trend is higherMATIC continued its downward trend during the past week. The break of a support in the area of the previous floor, i.e. the price of $0.76, led to the formation of a new bearish wave in the daily time. But because other supports are at lower levels, the failure of this area has not yet been confirmed. Therefore, we can expect a range trend from MATIC this week. We can check this case more precisely in 4 hours time. In the 4-hour period, a double bottom pattern has formed in the range of $0.75, which, if the pattern is confirmed, the price can grow to the resistance of $0.78-0.79. On the other hand, due to the formation of a lower floor in the daily time, this resistance can work, and reduce the price again. Therefore, the probability of forming a range trend is higher.
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by MonoCoinSignal
2
💥☃️🌲Polygon Analyze (Road Map)!!!🗺️💥☃️🌲☃️💥💐🌲Merry Christmas 💥💐🌲☃️ Today, I want to show you the polygon road map🗺️. Polygon is running on the main wave 4. The structure of main wave 4 is a zigzag correction. It seems that the polygon has started the microwave C of main wave 4. I tried to show you the end of main wave 4 (zones) in my chart. 🔆Suggestion: If you want to add MATIC to your portfolio, you can wait for lower prices. Polygon Analyze (MATICUSDT) Timeframe Weekly⏰ (Log Scale). Do not forget to put Stop loss for your positions (For every position 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.
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by pejman_zwin
6
MATIC, Huge Broadening-Wedge to Setup Massive Pump Potential!Hello Community, Only 2 days remain till the new year of 2023 emerges and the cryptocurrency market is showing important structures to watch out for during this time as there are many altcoins within the market building interesting setups these are conditions worthwhile to look at for traders and investors starting into the new year of 2023. As I analyzed the cryptocurrency market I found picked altcoins with pump potentials and amazing setups developing to unfold this potential. One of the altcoins is Matic and in this case, I am looking at the price structure and what should be considered looking forward to future trading sessions. When looking at my chart now we can watch there how Matic is building several significant structures and the most stunning one is the main broadening wedge Matic is forming above the crucial ascending trend line serving as support. Within the broadening wedge formation, Matic has a coherent wave-count which is almost completed now with the waves A to D already finished, and now with the completion of the wave, E Matic is approaching this central support cluster marked in green in my chart where several supports are coming together concentrated into one point. This means once wave E has been finished Matic has an intensely high possibility to bounce within this support cluster zone. Taking all these factors into the consideration now the determining developments will happen once Matic has finished the wave count and bounced within the support cluster with a high possibility and once this happened with Matic finally bouncing above the upper boundary of the broadening wedge formation it will be the setup of completion for the broadening wedge with Matic activating further continuations in the trading sessions and in this case the dynamic support zone marked in blue in my chart will be activated. Once these targets have been reached and Matic manages to increase volatility significantly there is still room for further continuation, it will be an interesting journey ahead. In this manner, thank you everybody for watching. Let's move forward together. The information provided is only educational and should not be used to take action in the markets.
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by VincePrince
14
#Polygon is bullish, but MATIC Has Support at $0.76Past Performance of Polygon Like the rest of the markets, MATIC is in range, moving horizontally without a defined short-term trend. From a top-down preview, buyers have the upper charge if the H2 2022 price action leads. The immediate support line is around $0.76, while resistance is at $0.93 and $1, respectively. #Polygon Technical Analysis Presently, MATIC prices are in a tight consolidation. Although prices are below the middle BB, trending lower, there have been higher highs relative to the lower BB, with support at $0.76. MATIC is currently inside the bear bar of December 19, influenced by sellers of December 16, as a bear flag prints. Traders can stay neutral if prices are above $0.76 but below $0.83. A break out above December 19 bar may see MATIC float to $0.93 in a welcomed bullish formation. Conversely, losses below $0.76 could see MATIC fall to September lows of $0.70. What to Expect from #MATIC? MATIC is bullish at spot rates, but there must be a definitive close above $0.83 for prices to recover, ideally to November highs. However, if there are losses below $0.76, the coin could tumble to September lows as bears press on. Resistance level to watch out for: $0.83 Support level to watch out for: $0.76 Disclaimer: Opinions expressed are not investment advice. Do your research.
MLong
by Bitcoin_Analyzer
1
Year-End Targets for Polygon(MATIC/USDT)! Will it Hit $1?Polygon price displayed immense strength since the start of December 2022, but the FUD related to Binance insolvency, the price of MATIC and various cryptos slashed hard in no time. Meanwhile, the price is attempting very hard to keep up a bullish trend and hence trading within a bullish ascending triangle . However, the token has faced constant rejections at the resistance and the recent drop substantiates the bearish grip at these levels. Therefore, the pice may continue to trade within the pattern until the end of 2022 and ignite a notable upswing in the first few days if 2022. The MATIC price is expected to rise high and test the crucial resistance zone but may again face a rejection for one last time. The price may again reach the lower support and rebound which could bring the asset towards the pinnacle. Here, depending on the induced volume, the price may break above the ascending triangle to test the upper resistance at $0.819. Meanwhile the possibility of reaching beyond $1 appears to be pretty less at the moment but cannot be completely discarded. With a slight change in the market sentiments, the price is believed to rise high and achieve $1 mark in the firs few days of 2023.
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by Coinpedia-Market-Insight
MATIC/USDT WEEKLYHello traders, a new week is upon us! #MATIC update with a look at the weekly candles. We have formed a bearish engulfing candle formation after which a move down is very likely. I will definitely look for short entries on the smaller time frames after the confirmation of the trend down to levels around 0.59. Dollar Index in today London session lifted and currently goes up, if it breaks the current recent last low and maintains this level, this prediction could be confirmed
MShort
by Crypto-Frantisek
70