MATIC Fighting the down sloping trendlineMatic has tested the breakout of the down sloping trendline for the past two weeks. If manage to break it followed by a retest has a good chance of going above $0.75
Polygon
Matic bullish and bearish scenarios0.55 / 0.65
Seems like if it breaks above 0.65 matic could rally 50% or higher. If below 0.55 matic could slump about 20% or more. Seems like the bullish scenario is more likely. But ya never know. Could go either way.
Polygon Goes Bullish, Solana Will Follow...Look at this chart, the MATICBTC (Polygon) chart is identical to the SOLUSDT (Solana) chart.
The only difference is that Polygon (MATICBTC) is more advanced.
We see it trading above EMA50 while SOLUSDT is still below it... See it here!
We know what follows for Solana (UP!).
The same for Polygon; Time to grow!
Namaste.
MATIC/USDT: On Buying area, Direct rise expected---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
MATIC/USDT: On Buying area, Direct rise expected
Context
- The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets MATIC suffered about negative global market situation.
- However we are focus on a key buying area now on this coin and we expect a fast and quick recovery regarding technical elements provided by the interpretation of the Elliott waves.
Market configuration
- Graphical Elements :
Graphical Resistance = 1,13 & 2,90
Graphical Support = 0,41 & 0,042
- Mathematical Indicators:
EMA ( Exp Moving averages) are still capping the market at 1,13 = Bearish
RSI indicator (below) is bouncing off key support, a break above 50% + bearish trend line will propulse the bullish momentum = Bullish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target C (B) has been already reached = 0,65
Fibonacci resistance of the wave in progress = 1,13
Fibonacci support of the wave (c) (B) (max extension) = 0,41 (auto-similar move)
Fibonacci Bullish Target = 1,99
Conclusion
Preferred case => Regarding the mid-term element, MATIC is offering the perfect entry area for a mid-term portfolio configuration in order to anticipate a bullish exit towards 1,13 and 1,99 as long as 0,41 remains support - In extension a larger rise towards the previous top at 1,99 can't be ignored
Polygon MATIC Entry Range, Take Profit and Stop LossMATIC/USDT
Entry Range: $0.36 - 0.41
Take Profit 1: $0.51
Take Profit 2: $0.62
Take Profit 3: $0.73
Stop Loss: $0.30
MATIC AAVE loan purchaseI used profits from a prior MATIC swap to USDC I had stored on AAVE since last year (sold @ $2.83 and $2.53). I locked in profits for a potential trial bear market purchase later. Now is that time. Just bought MATIC @0.31 with a portion (20%) of the AAVE profits.
Plan to sell @ $2.50 MATIC
Plan to deposit MATIC into AAVEE if hit below 0.21
Plan to buy more MATIC @ $0.30 and $0.275
POLYGON (MATIC) the last chance and the range market 📖🚀Hello 🐋
Based on the chart, the price is close to the major support (bottom) or better to say the previous zone that started its amazing pump to the upside ✔️
if
the price breaks the trend line to the upside, we will see more gain besides the range market is acceptable scenario too 📖💡🚀
and
if the price break the rang area to the upside, we will see more gain 🚀
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
#Polygon Blitz, MATIC may Tank by Another 25% to $0.30Past Performance of Polygon
After soaring to $2.88 in Q4 2021, MATIC is now crumbling. The coin is down over 85 percent from peaks in a bear breakout formation. In the past 24 hours alone, MATIC has dropped 12 percent, and traders are in red, unable to cope with the deluge of selling pressure. Technically, Polygon remains in a bear breakout formation, favoring determined sellers.
#Polygon Technical Analysis
MATIC bears are riding the lower BB, pointing to strong selling pressure. With the immediate resistance level set at $0.55, every retracement towards $0.45 and $0.50 could allow sellers to double down, targeting $0.30. Aligning with this preview is the level of participation in the past three days and the inability of buyers to reverse losses. At the same time, shifting sentiment skewed for bears doesn't help MATIC bulls. As such, sellers may look for entries to dump on every attempt higher. An unexpected surge above $0.50 could buoy demand, forcing prices above $0.55 in a retest and possible bottoms.
What to Expect for #MATIC?
Buyers have been demolished when writing and sellers are in control. The alignment of bear bars along the lower BB suggests strong selling pressure and high volatility, considering the divergence. In this way, MATIC is more likely to tank than print higher.
Resistance level to watch out for: $0.50
Support level to watch out for: $0.30
Disclaimer: Opinions expressed are not investment advice. Do your research.
Polygon MATIC short Entry Range, Take Profit and Stop Lossall targets reached here
MATIC/USDT short
Entry Range: $0.44 - 0.49
Take Profit 1: $0.39
Take Profit 2: $0.33
Take Profit 3: $0.21
Stop Loss: $0.57
Polygon (MATIC) - June 13hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(MATICUSDT 1W Chart)
Below 0.616 is likely to be a mid- to long-term investment area.
(1D chart)
In the short and medium term, it needs to move above 0.616 and find support to turn into an uptrend.
So, the key is whether it can move higher than 0.616 quickly.
If it rises and encounters resistance near 0.616, a Stop Loss is required to preserve profit and loss.
The 0.616-0.819 interval is an important trend-determining interval, so we need to move above 0.889 to say we are in an uptrend.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
matic.matic, what a ripper o:.
my buddy is still holding this thing from back when it was under a penny.
---
polygon
-really clean impulse, one of the cleanest in the market.
-currently working on a primary wave 2.
-should come down in 3 waves, but can easily get more complex through a triple zig-zag, or something of the likes.
-will likely bottom out mid 2023 along with everything else.
---
june 15th could be our day, keep it in mind.
Polygon MATIC short Entry Range, Take Profit and Stop LossMATIC/USDT short
Entry Range: $0.57 - 0.64
Take Profit 1: $0.51
Take Profit 2: $0.39
Take Profit 3: $0.26
Stop Loss: $0.74
MATIC/USDT Bear and Bull Market Price Prediction#MATIC/USDT Technical Analysis:-
$Matic currently trading in the $0.6-$0.8 range.
Currently trading in Local Range so I am expecting $Matic Price will go in Year 2021 Accumulation range.
Which will be the Potential buy zone.
Currently, Also Break down Year 2021 Support and Trading below Year 2021 Support. So this is also a Bearish sign.
Year 2021 Accumulation range was $0.2-$0.38
So I suggest if You want to buy then Low of this Accumulation zone will be the best Entry.
Potential Accumulation for Next Bull Run:- $0.2-$0.25 Level
I think It will not break Year 2021 Accumulation range because if Break then the Price falls below $0.1 level , This will not good for Polygon because Polygon is a Very Good Project for the Long term.
Year 2019-2020 Accumulation Range was $0.010-$0.03 ( Not Possible to Price hit again this Range )
If Price Break White TrendLine then $Matic will enter in Bullish Zone.
I am also Bullish on Polygon in Long Run.
My Long Term $MATIC Target is $10
This is My Personal View and Analysis.
So this is Not Financial advice.
Do Your Own Research before investing in any Coins.
If You Like my Work please Press Like and Comments.
Thank you.
📈MATIC: will the bulls finally show their strength?Hi friends! In order to understand what will happen to the price of Polygon(MATIC) next, let's look at the history and where its fall stopped. This is the key level of the previous ATH of $0.54. The volume indicator shows that here long traders closed their trades to breakeven, and short traders, closed their trades in profit. That's why there was such a price rebound.
📊Now the price returned to the trend line, from which it had already bounced back several times. This is a good signal, it means that the bulls gain their power back.
Pay attention to the volume indicator when the price rebounds to the trend line - the volumes should increase, which will indicate that the traders' willingness to buy and to move the price higher.
✅The closest target is the liquidity gap of $0.75-0.79. Also in this area are stop-losses of short traders and take-profits of long traders, which can lead to a false breakout and price fall, so watch out for this liquidity gap.
When the scenario starts to be clear, I will make a new idea so you can open a trade in time.
💻Friends, press the "like"👍 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.
Polygon/Matic Prime June PumpPolygon/Matic looking good to have a decent pump this month of june, it's forming a bullish flag pattern for a reversal. Once Polygon/Matic breaks above the yellow line on the RSI, then it should use that same line as support and bounce off for its pump to the top trend line.
Polygon MATIC short Entry Range, Take Profits and Stop Losstargets reached:
MATIC/USDT short
Entry Range: $0.57 - 0.64
Take Profit 1: $0.51
Take Profit 2: $0.39
Take Profit 3: $0.26
Stop Loss: $0.74
Buying MATIC at around 0.35I think MATIC is very under valued. It has a limited supply and It has a great useable solution to ETHs scalability issues. This is my call, I'm going 3/4 of my bag in MATIC when the market bottoms out. (The rest in AVAX and SOL, then a few gaming small caps)
ETH is is not going anyway, but MATIC has a lower market cap for more gains.
MATIC - 2nd Bottom Touch - Trend reversing Right NOW!No need to describe this plot a lot. Old High - new bottom. 2nd try.
Daily ETHUSDOverall longterm hodler. However, market was in need of a correction and thats what we got.
Polygon IdeaPreviously we have done and dusted with 100% accuracy and exited the market at the very right time.
I am just trying to save the people from making the mistakes, that we did in 2018. You still don’t know what cheap altcoin is.
None of my tweets will be a financial advice
I will not DM you for premium join or money
Best of luck
MATIC/USDT BEar Market Technical Analysis RoadMap#MATIC/USDT Technical Analysis:-
$Matic currently trading in the $0.6-$0.8 range.
Currently trading in Local Range so I am expecting $Matic Price will go in Year 2021 Accumulation range.
Which will be the Potential buy zone.
Currently, Also Break down Year 2021 Range and Trading below Year 2021 range. So this is also a Bearish sign.
Year 2021 Accumulation range was $0.2-$0.38
So I suggest if You want to buy then Low of this Accumulation zone will be the best Entry.
Potential Accumulation for Next Bull Run:- $0.2-$0.25 Level
I think It will not break Year 2021 Accumulation range because if Break then the Price falls below $0.1 level , This will not good for Polygon because Polygon is a Very Good Project for the Long term.
Year 2019-2020 Accumulation Range was $0.010-$0.03 ( Not Possible to Price hit again this Range )
If Price Break White TrendLine then $Matic will enter in Bullish Zone.
I am also Bullish on Polygon in Long Run.
My Long Term $MATIC Target is $10
This is My Personal View and Analysis.
So this is Not Financial advice.
Do Your Own Research before investing in any Coins.
If You Like my Work please Press Like and Comments.
Thank you.
Polygon (MATIC) - May 20hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(MATICUSDT 1W Chart)
If it falls below 0.616, there is a possibility of entering the mid- to long-term investment zone, so you need to trade cautiously.
(1D chart)
Resistance: around 1.225
Support: 0.616-0.819
Trade with caution as the trend is likely to continue out of the 0.616-0.819 range.
In order to transition from the short- and mid-term point to an uptrend, it needs to move above 0.889 to find support.
(buy)
- After confirming the support at 0.889
(Stop Loss)
- When the resistance falls below 0.819
- When it falls below 0.616
(Sell)
- When resistance near 1.225
- When receiving resistance near 1.630
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
