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Polygon

LONG on MATIC from Retracement Matic undergoing correction now, has pulled back a ratio of 0.382. After an extended rally, we expect retracement of MATIC down to the lower support zones around @ 2.232, where we look to BUY or LONG. This area is the golden pocket, a 0.618 retracement from the ATH where we look for a solid rebound. This region also overlaps with the 200 EMA on the 4H, which can provide even more support. Highly likely the MACD would reach oversold once we hit this level. Buy zone : 2.20 - 2.28 SL 2.02 TP 2.67 (0.786 fib level + major resistance region)
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by Gold_D_Roger
Matic in USDT Market These crypto have a 19% profit potential. From Fandamental's point of view, because he has recently conquered a new price peak and he has a good positive mental condition. But in terms of technical analysis: - The ascending channel has a good 161 days - Very good price response to the midline of the bullish channel - Good price response to Fibonacci 61.8 - It is currently at its highest good support 1. Observe capital management. 2. Observe risk management to Reward. Good luck.
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by mansour1978
SHORT MATIC USDT | Elliott Correction WaveShort MATIC USDT As you see we could enter in the third wave of the Elliott Corrective Pattern. It is often see as a bull trap as people thinks the bull trend is still healthy. However, the price could fall if the price is following the Elliott Wave Pattern. Entry Price: 2.544 ✔️ Target Profit: 2.265 ❌ Stop Loss: 2.637 Potential Profit: 11% Ratio Risk / Reward: 3 You may enter this position as a margin position for increasing the profit as the Ratio Risk / Reward is low. That's up to you. I am also curious to earing your opinion too. Should you feel that analysis helps you, feel free to leave a like, and I wish you a good day!
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by chuplein
MATIC - Is this a good time to buy?A few days ago, MATIC broke through the level of the previous all-time high. But as we can see, it was a false breakout, after which the price went under the level. It is worth pointing out that MATIC is globally in an uptrend, making higher highs and lows, which is a good signal. As long as this trend is unbroken, it is worth looking for good buying points. In case of a return, a squeeze, and a breakout of a key level, there could be a good buying opportunity. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
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by Yuriy_Bishko
8
Polygon may be the ONLY crypto in its 3rd wave rally!Polygon (MATICUSD) stands alone atop the crypto space. Despite all the volatility and pattern invalidations seen across so many of the other cryptos, Polygon somehow manages to keep chugging along. The nested '1-2,i-ii' setup covered over the past 2 updates is alive and well! The rally is so powerful that the alt RED bearish pattern is invalidated! Yes, Polygon has actually managed to INVALIDATE its bearish RED pattern! If this isn't a 3rd wave, I don't know what is! Primary PURPLE Pattern: Polygon is looking at logarithmic Wave 3 projections of 4.86 to 6.35 with 6.35 being a likely strong resistance. Wave 5 projects to 7.49 to 9.78 but with a strong likelihood of extending to the resistance level at 12.85. There IS an outside shot that Polygon extends all the way up the major 0.618 extension level of 26.31 as our final top! But that will remain of low likelihood until we see strong extensions within the 3rd wave first. If history and fractal patterns serve as any indication, there's a solid chance of seeing a parabolic 3rd wave with this one! Bearish RED Alt Pattern: So with all the bullishness in Polygon, there must be a bearish alt pattern, right? Absolutely! What I have come up with is that our PURPLE subwave (1) and (2) could actually be RED A and B waves, respectively. And that would make our current rally since September 23rd an ENDING DIAGONAL C-wave. This A, B and C would make up the larger B-wave fake-out rally in this alt RED pattern. Right now, I'm not seeing anything bearish to make this a high-probability, but dipping back below 2.28 and then 1.90 would certainly catch my attention. And ending diagonals precede sharp reversals, so things could get really ugly really fast! I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels. #matic #polygon #polygoncrypto #maticnetwork
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by Critique-al-Thinker
Matic Price Recovery ( MATICUSD Analysis )Polygon’s native token, MATIC reached a new all-time high (ATH) of $2.9 on December 26 as the festive season bullishness pushed the larger market. That said, MATIC’s recent price discovery was not on the back of larger market movements, but the increased action and interest in the network. Driven by sustained network growth and high active addresses, MATIC’s price recently broke ATH and has been in a larger uptrend since December 15. Its high address activity has continued to show increased interest surrounding the Polygon Network with over 8,000 daily active addresses making MATIC one of the top-5 most active coins and most used coins. Further exchange balances for MATIC had dropped down to ATH levels as more coins left exchanges amid a positive sentiment. That being said a general rise in the number of larger transactions and large transaction volumes highlighted how the asset was seeing an increasing institutional interest as bigger players took over. In terms of fundamentals, MATIC looked good and presented a healthy rally but what does its rise tell about the market. Well, the recent MATIC rally saw the altcoin independently rally as its BTC correlation saw a new all-time low. MATIC’s gains are indicative of the rise in L-1 protocols as analysts have noted a spike in capital inflow in networks like Polygon, Solana, and Terra over the last month. Price-wise too, MATIC was in price discovery mode, much like Terra and Solana during their previous rallies. As retail and institutional interest in L-1s spiked over the last year, their total value locked also saw dramatic growth. So it seems like L-1s are looking ready to take on 2022, provided the network growth and on-chain activity sustains.
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by thomasfullerofficial
MATIC/USDT New All Time High hit and What New update now?#MATIC/USDT TA Update:- $MATIC currently trading at $2.80 And Daily going to new All time High. Today hit $2.877 ATH What Chart say..? As Per chart $MATIC broke our all time Resistance $2.41 and also trading above Resistance level so Now $Matic is supper bullish. But Also trading at Small resistance point. So I am expecting some Retracement till $2.41 Now 2 Strong support for $Matic Bull Cycle. Support:- $2.41/$1.90 Resistance:- $2.90 Never Gamble with your hard earned money. Always trade with Confirmations. Thank you.
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by CryptoPatel
2
MATIC - new ATH, preparing for price discovery modeMATIC is one of best performing cryptos in recent time. Chart looks great, new ATH is reached, HH and HL since summer. Only thing that bothers me is the volume. If you compare volume from previous breakouts and upwards moves, current volume is too small. Breakout without volume confirmation can result in false breakout. Hope it is not the case here. If MATIC manages to stay above previous ATH level, consolidates for some time (without falling sharply down) further price discovery mode is probable! Take a look at previous MATIC analysis where I also mention this potential "volume problem":
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by Philippe_0x