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Polygon

#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.
MShort
by Bitcoin_Analyzer
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.) ---------------------------------
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by readCrypto
2
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.
MLong
by CryptoPatel
📈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.
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by Yuriy_Bishko
4
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.
MLong
by CryptoPatel
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.) ---------------------------------
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by readCrypto
MaticUSD came into the liquidity zone. Next move ?Today, we analyze the global graph of the Maticusdt trade pair Of course, virtually all of the alts is very painful to respond to the fall of the price of BTCUSDT However, on the other hand, the price of alts reaches strong liquidity zones, from which were organized good buyback up at the trade history. So the Maticusd price reached the liquid zone $0.67-0.80 which previously held back the notorious and sharp rainfall in May-June 2022 In the graph, we used a combination of vertical and dynamic fibolevels. Maybe the schedule will be strongly cluttered, but if you look at, can get a lot of beneficial trade information. All crypto market is now at critical levels where volitional trade decisions will be made. Hence, in close future either organize a worthy rebound up or another wave of a strong fall, which results in traders and investors will be "lick the wounds" for months, if not years ... Summarizing: Looking at the schedule, a set of medium-term long position in the liquidity zone $0.67-0.81 with an indicative purpose of sale x2 in the area of ​​$1.45 looks logical. Fixing the Matic Price below $0.65 will open the way to work out the red scenario. _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
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by P_S_trade
14
MATIC - Buyer is still here As it is very volatile market today, be careful with volume. MATIC is especially interesting coin today since there is a good level for scalp. We can see that there is a buyer protecting it, so it will be a good idea to short it after 1-2 touches. ⭐️ BTC bearish ⭐️ Trend is bearish ⭐️ Today FED releases inflation predictions ⭐️ Strong level ⭐️ Formation is close to an end ⭐️ Under VWAP Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster. Fix profit by parts: 1% - 1/3 2% - 1/3, stoploss to breakeven What's left, hold to the maximum What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
MShort
by Artem_Dishel
3