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Polygon

#Polygon Soars 28% From Q3 Lows, Will MATIC Breach $1?Past Performance of Polygon Polygon could be up 28 percent from September lows, but bears are still in a commanding position. Overly, MATIC is bearish from a top-down preview and consolidating below $1. As long as the coin is trending below this psychological liquidation level and trading volumes are suppressed, traders can search for entries to liquidate. This preview can only shift once there are gains above $0.95, with traders confirming gains of late November 2022. #Polygon Technical Analysis At present, MATIC is consolidating. The path of least resistance in the short term appears northwards. The immediate resistance level is at $0.95, while support remains at $0.88. The optimism stems from the fact that prices are inside the November 30 bullish engulfing bar. From an effort-versus-result perspective, this is bullish, especially now that the recent bars driving MATIC lower are with low volumes. A close above $0.95 may see prices rise, roaring towards $1 in continuation of late November surges. Conversely, if MATIC sellers force prices lower, the coin could crumble, sinking to $0.80 or worse. What to Expect from #MATIC? Polygon is propped by solid fundamentals, looking at the performance in the daily chart. All the same, like the rest of the crypto assets, MATIC is under pressure. Ideally, a close above $1 will trigger demand. But before then, the main resistance level lies at $0.95. Resistance level to watch out for: $0.95 Support level to watch out for: $0.88 Disclaimer: Opinions expressed are not investment advice. Do your research.
MShort
by Bitcoin_Analyzer
Can MATIC be supported on the HA-High line...Hello? 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 0.0000 5049, it is likely to explode the upside force. --------------------------------------- (MATICUSDT 1W chart) On the MATICBTC chart the price is in the high range, but on the MATICUSDT chart this is not the case. This phenomenon is caused by the price fluctuation of USDT following the fluctuation of BTC price. Therefore, the charts we usually see and trade are the MATICUSDT or MATICKRW charts. However, I think the MATICBTC chart serves the same purpose as a dominance chart or an index chart, showing the strength of MATIC when the BTC price starts to show an upward trend. Therefore, even if the price on the MATICUSDT or MATICKRW chart declines, if the MATICBTC chart maintains the price, eventually MATIC will show an increase in price. In this sense, looking at the MATICUSDT chart, it can be interpreted that if the price is maintained in the 0.6164-0.8191 range or higher, it is likely to show an uptrend. So, if it goes up, I expect it to touch around 1.2246. (1D chart) The question is whether the price can hold above 0.8647 and rise above 0.9486 -------------------------------------------------- ------------------------------------------- ** 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. ** HA SRRC 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
1
MATIC is in danger, it will DUMP hard!Hello, everyone! Let’s continue to analyze the most dangerous altcoins which showed the greed during the bounce on the Bitcoin. Today it’s MATIC time. It now has the most dump potential. I suppose that the market maker created the fake growth on this altcoin to show other traders the illusion of the asset’s power. Of course it’s fake and MATIC is going to break or at least test it’s bottom at $0.33 and I will show you why. Let’s go! Let’s take a look at the 1D time frame of the MATICUSDT of the WhiteBit exchange. The bottom at $0.33 was the end of the wave 3 as on the entire crypto market. The corrective wave 4 retraced this wave with the zigzag correction. Zigzag correction usually consists of wave A (5 waves), wave B (3 waves) and wave C(5 waves). You can see on the chart how perfectly the market structure for MATIC corresponds to this theory. One question you can have is why the wave 5 did not break the wave 3 top in the wave C. I can explain it because wave 5 could be trimmed. It’s OK for the altcoins. Now the price is drawing the wave 5 and I suppose the the sub wave 3 of this wave is in progress. The minimal target for the wave 3 is the $0.61 – 1 Fibonacci extension level, but I think MATIC will hit $0.3 again because the 1.61 Fibonacci placed right here. Best regards, Ivan _______________________________________________________________________ Guys, if you like my analytics, please support me with your boosts and comments!
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by Skyrexio
20
MATIC - Ready for Higher30 cents to 1,27$ was the previous set and Matic seems ready for a new rise to the same level 1,27$ Only this time it will be the third and third attempts have greater chances of succeeding. Still early since the first target is 1.09$ but things in crypto move fast. Some projects will go to Zero, others will rise. Matic Polygon is in the second category. News: The number of Polygon-based NFT sales has increased by 191% since the end of September, the best result of any blockchain. This mark has been achieved by integrating Polygon's power into the infrastructure of top Web2 companies. In a short period of time, Starbucks, Instagram (Meta), Reddit and many others have used this Layer 2 blockchain's capabilities. How have NFTs fared during the downturn? Polygon saw a 191% increase in NFT sales since the end of September as Web2 companies attempted to fully integrate NFTs into their platforms.Starbucks, Reddit, and Meta have all integrated with Polygon. Polygon is currently fourth among all chains in terms of total NFT sales since the beginning of the year. However, it would be more interesting to see how Polygon's successes this autumn have affected the price of the fuel powering its network. We're talking about MATIC, currently ranked tenth among the largest crypto assets. Polygon seems like the right choice. One Love, The FXPROFESSOR PS. Remember: market is GREAT if you are used to taking profits:
MLong
by FX_Professor
Polygon Remains One Of The Strongest ... (111%+ Possible)Polygon (MATICUSDT) has been really strong ever since the June 2022 low and is setting itself up once again for fast growth. With the current chart we have on screen, we can project a mid-term target of 115%+ growth potential, even possible in the short-term. That's because we have higher lows and massive strength shown when the correction took place. Prices stayed above the .618 Fib. retracement level. The easy target can be seen around $1.14 and $1.25. The main target can be set around $1.85. It is a bit far off, but once the Altcoins start moving, they tend to do so fast and strong. No doubt about that, that's why we like crypto... Endless opportunities and massive potential for growth. Namaste.
MLong
by AlanSantana
3
Polygon MATIC price Medium and Long term tradeThe MaticUSDT price was one of the first to break out of the falling trend channel back in July this year. Now MaticUSD is trading above the liquidity zone of $0.67 - 0.77 You can try a medium-term trade: Entry $0.831 Stop $0.7624 (-8%) Take profit $1.1974 (+44%) Profit/loss ratio 5/1 You can also consider this trade as a long-term investment and hold it until the take profit of $1.90 (+127%) You can also keep a larger stop on the position, around $0.67 There are many options, it depends on what parameters your risk and money management allows . But it is probably not worth getting the Polygon token - Matic when the price will be below $0.67 . After all, there is an "emptiness" below the liquidity zone and the possibility of the MaticUSDT price collapsing to around $0.4 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
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by P_S_trade
27
Polygon (MATIC) - November 26Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (MATICBTC 1W chart) It is showing a tendency to decline from the high point range of 0.0000 5049 to 0.0000 5393. If there is a sharp downtrend when it drops below 0.0000 5049, there is a possibility that it will touch the next support range, 0.0000 2954 ~ 0.0000 3337. However, we must not forget that it has an upward force until it falls below 0.0000 2954. -------------------------------------- (MATICUSDT 1W chart) The 0.6164-0.8191 interval is the one that determines the trend. Therefore, it is important to be able to climb with support in this section. If it fails to get support, if it falls below 0.5590, it is likely to take a plunge, so be careful. (1D chart) The question is whether the price can sustain itself by moving up to or above the 0.8883-0.9486 range. If not, you should check for support in the 0.6164-0.8191 interval. A rise to the 0.8883-0.9486 zone is expected to lead to a move towards the 1.0813 area. -------------------------------------------------- ------------------------------------------- ** 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/USDT Trade Setup 54% Potential Pump. RR 1:9Welcome to this quick trade setup, everyone! Recent trades posted:- 1. BTC /USDT (Running in Profit) 2. ETH/USDT (Running in Profit) 3. CHZ/USDT (In Accumulation) 4. CHR/USDT (Running in Profit) 5. MATIC/USDT (In Accumulation) Entry:- $0.8075 TO $0.8611 (6.22% is the accumulation range from CMP so plan your entry accordingly) Stop Loss:- $0.7576 Recommended Leverage:- 3x- 5x Target:- Open (Possibly 35% to 54%) RR 1:9 (Highly Lucrative) This is not financial advice. Always DYOR. These are my trades. Do not cry in the comments if you can't afford the Stop Loss or go for 125x gambling. I am ready to take the SL if it gets hit. Trade only if you can afford the SL. Do the maths before you enter the trades and manage your risks properly. Fund preservation is our foremost priority. If you like me to post more please share this idea with your friends and communities and hit the like button. I have been with you in the bullish days and the bearish days. We are going to have an amazing bull run for sure. Cheers! Thank you #PEACE
MLong
by Cryptorphic
11