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Polygon

MATIC/USD set to break the intraday highs of $1.68Polygon price analysis is bullish today. MATIC/USD saw another selloff overnight. MATIC/USD is currently trading at $1.68 The triangle price pattern is bearish today, as we anticipate recovery to follow after another drop. Since the support level of $1.55 was recognized again, MATIC/USD should recover some of its losses during the next 24 hours. The Awesome Oscillator displays red bars today, as MATIC/USD continues its drop. Since the triangle price pattern is bearish today, we should see MATIC/USD recover some of its losses during the next 24 hours. Losing another $0.2 against USD overnight left an impact on sentiment towards this cryptocurrency.
GEMINI:MATICUSD
by BernardMikhail1
POLYGON/MATIC 1DPOLYGON/MATIC USD from bottom to top. MACD- bullish crossover. - oscillators going bullish RSI - dipped under, then broke above, and retested the 50 RSI level successfully. Fibs - From the move that made the ATH it retraced to the 0.786 fib and then bounced. This rally created a swing high from the low. That swing high then retraced to Golden Pocket of the 0.618 - 0.65 fib. creating a higher low. The next rally continued to the 0.236 fib and retraced and bounced well from the AVwap of the ATH. Trade Frosty. *This is not trading advice I just like to draw lines and color.
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by a_Sloth_named_Fibognocchi
MATIC Polygon Downward Price TargetToday I am reviewing the 1D (daily) chart for Polygon (MATIC) on a linear scale. The price has been dropping with the overall crypto market dropping led by Bitcoin (BTC) and Ethereum (ETH). I am showing the Fibonacci level of 0.382 around $1.17-$1.18, where the price may also meet the trendline (in red). This would be a 22% drop from current price levels. Also keep an eye on the RSI ( relative strength index ) as we may have potential to get back to touch the trendline. What are your opinions on this? I love reading your comments below. Check out more below for recent Altcoin, Bitcoin , Stock and Commodities Ideas. 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
1
🪀MATIC- Ready for Wave 5? reached dynamic supportThe price has been moving in a rising wedge formation and today during BTC dump reached the bottom trendline. We can assume that this move was either the end of wave (4), or wave (b) and (c) is yet to come, in which case it would replace the current (i) - (ii) projection. Either way what is the most important for now is to see the price break out from the descending channel, ideally above the area of resistance and then a small pullback to around ~1.69 which could give potential entries. Entries at current price are also viable but of course much more riskier. Feel free to share your thoughts in the comments. ---------------- About MATIC: Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. To learn more about this project, check out our deep dive of Polygon Matic. Using Polygon, one can create optimistic rollup chains, ZK rollup chains, stand alone chains or any other kind of infra required by the developer. Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc. with the advantages of Ethereum’s security, vibrant ecosystem and openness. The $MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance. Polygon (formerly Matic Network) is a Layer 2 scaling solution backed by Binance and Coinbase. The project seeks to stimulate mass adoption of cryptocurrencies by resolving the problems of scalability on many blockchains. Source: coinmarketcap
MLong
by V0VOLAN