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Polygon

MATIC - HH/HL trend continuation or market structure breakMATIC drowned in the redness of the market. Despite recent bullish price action MATIC is down 30% from ATH. New ATH is reached but volume was low. Fakeout is more probable in low volume situations. Now I'm looking at 1.85$ as last support before market structure breaks and MATIC creates lower low (LL). If BTC doesn't stabilize LL situation is very probable. For now I'm watching this level with some alerts and waiting for reversal to jump in. I bought some dips, but MATIC not yet. Waiting for some conformation, I'm not fan of catching falling knife. My previous analysis where I warned about fakeout possibilities: "Breakout without volume confirmation can result in false breakout. Hope it is not the case here."... take a look here:
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by Philippe_0x
Polygon: Quo Vadis, Polygon?Polygon has to make a decision: Where will it go after skidding down to the $2 mark? There are two equally attractive possibilities, well almost: There is a 45% change that it could head back home and fall under its support line at $1.44. At this point, it should hole up even more deeply below $1 and take a holiday at the yellow beach strip between $0.328 and $0.620. However, we rather expect it to take heart and go for another option. Our favored scenario features Polygon in action, rising up until the resistance line at $2.899 and aiming for even higher goals from there. So, our answer to the question “Quo vadis, Polygon?” is “Sursum!”
MLong
by MarketIntel
Bolster your MATIC coin count EVERY Monday!Yes, this article is about where to store the coin that powers the best platform for smart contracts and Dapps in Ethereum layer 2 solution format, Polygon (MATIC)! But for the uninitiated to unbanking yourself, here is a quick rundown on the Celsius application, which you should be storing your tokens/coins on. Celsius Network is reliable, easy-to-use, growing in popularity and regulated and licensed by the SEC and the U.S. Treasury. I know, surprising huh!? It is now in its 4th year. They do not spend time or money on big-money ads. They would rather pay us in interest every Monday! Word of mouth has been their main source of advertising... like I am doing now. They now have over 1 million members including me and my friends (fellow retired Air Force member) and family (my grown daughter). And so far, I see no safer way to earn 10.51% APY on your Polygon (MATIC). If you live outside the U.S., you could even boost your earnings to over 14% by opting to receive your interest in CEL tokens. But we live in Texas, so my daughter "settles" for a safe 10.51% in polygon that will soon double and triple in value. The interest is more MATIC coins! A win-win. They do have 41 tokens and coins they support including stablecoins (which pay 8.8% or more if you opt to be rewarded in CEL). I personally earn 13.99% on my SNX tokens on Celsius. It pays to check it out...and if you open an account, use my daughter's referral code: 1691390756 or mine: 189218504d Move at least $400 worth of crypto to Celsius.Network and after 30 days, we will both be rewarded $50 worth of BTC! This beats the hell out of any brick & mortar bank!
MLong
by tg-l
2
HODling Polygon: I have a planFirst, this is not financial advice. This is simply what I am doing for my adult daughter. I purchased $2500 worth of polygon (MATIC) (on the exchange that recently IPO'd and has a stock ticker symbol COIN) at just over $1.20 per coin and immediately started losing her money. I had wanted to catch the previous price tumble to $1, but I was too late. But, I wasn't concerned... I had a plan. Upon purchase, the big user-friendly-but-wallet-ugly exchange took coins as fees for the purchase. Then, the coin took a tumble with the overall market (typical crypto volatility of late) making me wish I had been even later to the purchase. But, I had a plan. I knew I wanted to move her coins to the Celsius Network, but they are still working on creating better on-ramp (buying) and off-ramp (withdrawing/selling) support, so I was forced to give up more coins to the big user-friendly-but-wallet-ugly exchange to make the transfer of her polygon coins to a better place (Celsius)...my plan all along. Months ago, I had purchased some polygon for myself at .40 per coin. So, I already knew this layer 2 solution for ethereum was a dominant player in this space and volume was continuing to climb. But when I checked the number of D'apps currently using polygon's layer 2 protocol last week, it was over 350 different D'apps! OVER 350! That is growing adoption! I knew polygon's coin price tested $3 earlier this year and with its layer 2 adoption continuing to escalate, there is no reason not to see that $3 number come again and move into the rear-view mirror as adoption grows. I predict $3 before this year ends. $5 to $10 in six to twelve months. My plan for my daughter's $2500 was even more conservative (and profitable) as I knew I could also earn her more polygon coins by simply holding them in a better exchange, the "unbank," Celsius Network. You know, MY PLAN! I created an account for her on Celsius.Network and transferred her polygon from that other, well-known exchange to Celsius...and again, the big user-friendly-but-wallet-ugly exchange took coins as fees for the transfer. But, I had a plan! So, my daughter's polygon is now, finally being HODLed on Celsius. She will earn 10.51% APY on her coins and they will add real polygon (MATIC) tokens/coins to her account every Monday starting next Monday. I will update here with her coin count starting next Monday to encourage others to use these same techniques. I didn't have to do any of the typical staking hassle (no validating or delegating) to position her coins for interest payments every Monday. All I had to do was transfer her coins to the Celsius.Network. They have an app for your phone. If you use her referral code: 1691390756 to create your Celsius.Network account, you will both receive $50 worth of Bitcoin after you transfer at least $400 worth of polygon (or any of the 41 different coins/tokens they support on Celsius) and hold it there for at least 30 days. You will also earn 10.51% APY interest on your polygon coins...in polygon coins. Will this benefit my daughter? Yes, my daughter will also get $50 worth of BTC when you do. So, try it! If you are holding polygon now, why not earn 10.51% stress free every Monday and get the $50 bonus. Use her referral code 1691390756 when you set up your Celsius account. Let me know how you do right here. I will also keep everyone posted on her coin-count every Monday! Good luck! P.S. Polygon is holding above its 20-day MA for now. A good sign.
MLong
by tg-l
2
MATIC Polygon: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Polygon (MATIC). The chart is self-explanatory. Polygon's price is in a multi-month Rising Wedge Pattern and the current price recently made an all time high and currently retracing down to the support trend line (Support 1). The chart shows a few other support trend lines to keep an eye on in case the price starts to fall. The RSI bounced off of the support trend line, which may help the price move up further. The Stoch RSI is oversold and has potential to move up. Also noted in the chart is the 200 EMA (moving average) as well as Volume. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
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by MillionaireEconomics
14
BITCOIN Weekly (Log) TA : 01.01.22 $BTCAs we can see , the price has been fluctuating in a neutral range in the last 4 weeks. If the weekly candle closes below $ 45,500 in the next 1 day and 9 hours, we can expect a fall to the first support level (The range of $ 40,000) . Significant resistance (Static) in the weekly time frame is in the range of 52K. The break of support or resistance in such a situation will give us an important view of the market that we can trade base on it . Full View : Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 01.01.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
COINBASE:BTCUSDShort
by ArmanShabanTrading