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Polygon

Cryptolean Chainlink MATIC Update Polygon MATIC declined sharply to $1.01, the key daily support. A bullish reversal from $1.01 is likely and will result in a bullish move to re-test $1.07 and the key daily resistance zone of $1.14-$1.20. A bearish break-out of $1.01 will push #MATIC price in the daily range zone and will increase probability of a deeper correction towards the next support at $0.89. Intraday Chart The MATICUSDT 4-Hour chart is bearish and teasing the resistance at $1.07. A bearish rejection of $1.07 will lead to $1.01 and lower to the key support zone of $0.86-$0.92, where I will be closely watching the MATIC price action, as the bullish rejection of this zone is possible. A bullish break-out of $1.07 will lead to a re-test of $1.13 and, possibly, $1.19, however the price action may be slow and choppy. Support once read! Thank you.
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by Trade-Lean
MATIC Long Opportunity 221%+ BreakoutCRYPTOCAP:MATIC is currently breaking out of a 3-year descending triangle pattern reversal, which is a bullish sign of continued upward movement. If the pattern is confirmed and plays out as expected, we can see a relatively swift 200%+ increase in Matic's price. 2.87 is my price target for this trade, which is just an under the ATH. However, I think this price target is low for Matic in the next 1-2 years. Although this pattern is looking to be confirmed, be careful with leverage and weigh your risk to reward carefully. Polygon Matic is one of the best and most popular L2 tokens used as a scaling solution for Ethereum and is liked by old and new crypto investors. It's a "safe" bet on this bull market and a blue chip. DYOR and bring home those gains!
MLong
by altsandislands
9
XRP/USDT gearing up for promising move? 🚀XRP Analysis💎 Paradisers, let's explore the intriguing development in #XRPUSDT, which, after forming a double top trajectory, is now poised for a bullish breakout from a crucial demand zone. 💎 Reflecting on its performance, #Polygon been adeptly moving through a Cup and handle pattern, signaling potential uptrends. Currently, as the price edges towards a strong demand zone at $0.6065, maintaining momentum here could significantly increase the odds of a bullish surge past key resistance. Navigating the crypto world demands savvy and strategic play to truly capitalize. 💎 On the flip side, if $Ripple encounters a hiccup in its upward journey, adopting a bullish perspective from the demand level at $0.5850 may be our plan B. Newcomers might feel the urge to sell amid challenges, but patience is key, waiting for a decisive fall below this threshold before making informed trading decisions.
Long
by MyCryptoParadise_Simon
1
Polygon (MATICUSDT) Bull Run Begins: Price Could Soars up $2.20Polygon (MATICUSDT) has embarked on its next bull run after finding strong support at $0.93. Currently trading at $1.20, my prediction is a significant upswing that could take the price from its current level to $2.20 and further This positive momentum follows a period of consolidation, where MATICUSDT found support and bounced back from its recent dip. The bulls appear to be in control, with the price steadily climbing higher. Technical indicators are also flashing bullish signals, suggesting that the current uptrend has the potential to extend further.
Long
by Z4F4R
Polygon (MATICUSD): On the way up! 📈Polygon (MATICUSD) : BINANCE:MATICUSD Since our entry into Polygon, also known as MATICUSD, we've seen a 35% increase, and we're optimistic that we've successfully concluded Wave 2 and are currently in Wave 3 in red. Since then, we've adjusted our stop-loss, secured profits, and set the stop-loss at our entry price. We're going to let the price run and see how it unfolds. We don't anticipate a downturn in the coming weeks; rather, we see the potential for a significant upward breakout before any correction occurs—where and when it will happen remains to be seen. We believe that we should at least reach $2.50 in the overarching blue Wave (3), that you can see on the daily chart. For the subordinate Wave 3 in red, where we made our entry, the target is considerably lower, but we plan to hold for longer since we don't expect to return to this price level in the near future, assuming we witness a significant upward breakout. This outlook is reinforced on the daily chart by the red Wave 3 we're discussing, which is part of the blue Wave (3) that should range between $2 and $4. $2.50 is an especially interesting level for us to reach. It's a long journey from our Wave (2) bottom at approximately 50 cents, a level we don't foresee revisiting.
MLong
by freeguy_by_wmc
MATIC/USDT A fantastic opportunity LONG trade!BINANCE:MATICUSDT The weekly chart has recently breached a significant resistance level, with the price now trading above it. This sets the stage for a promising long trade, with a potential target price ranging between USD 4 to 5. #MATIC/USDT SPOT LONG ENTRY Leverage: 1x Entries: $1.1668 Take profit 1: $1.5055 Take profit 2: $2.5197 Take profit 3: $5.0244 Stop Loss: $0.7197 NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk! Thanks The sroced.
MLong
by srocedtrading
#MATIC #MATICUSD #MATICUSDT #Polygon #Short #ShortSetup #Eddy#MATIC #MATICUSD #MATICUSDT #Polygon #Final #Update 'C' #Short #ShortSetup #Eddy I'll Think Its Time to short Crypto ;-) It's My New short setup on Polygon Matic <3 We are in the heavy supply order block range of the daily time frame, which is in the heart of the order block of the weekly time frame! You also enter into sales short positions after checking the multi-time frame and getting the necessary approvals & at your own risk. Related Analysis of Polygon Matic : (( MATIC/USDT )) : Check Link : Polygon Matic Short Setup in #Update 'B' : (( MATIC/USDT )) : Check Link : (( We got 19% profit in update 'B' ))
MShort
by Eddy_Trade_
MATIC - Don't Miss the PARABOLIC ALTSEASON coming📉Hi Traders, Investors and Speculators of Charts📈 We're all looking for solid projects that have good fundamentals... and good upside. MATIC is one of those altcoins that haven't yet made a new ATH. Infact, it's not even close to its previous ATH with 190%+upside potential! From a technical indicator perspective, we see a reliable "BUY" signal in the weekly timeframe: From here, I expect altcoins to start making their rallies. Find more info on alt season 2024 here: And if you need a little bit more technical info on how the rotation between BTC and altcoins work, check out this idea: Cheers to another profitable day in crypto 🥳 And remember to realize gains🥂 _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:MATICUSDT
MLong
by CryptoCheck-
13
MATIC/USDT planning upward journey what's in your mind?💎 Paradisers, get set for a promising opportunity with #MATICUSDT as it faces a setback from the supply zone, suggesting a strong chance for a bullish rebound from the demand level. 💎 Historically, we've seen supply transform into demand, propelling the price upward. Currently, #Matic surpassing robust supply zone $1.0535 a strong chance for a bullish pivot from the current demand level. The asset's robust position above the ema55 is signaling a potential uptick. 💎 On the flip side, should the $POLYGON dip below the $1.0535 demand level, we could see a shift towards a bearish trend it time to revise strategy a bullish rebound expected from lower demand $0.8318 droping below casue donward.
MLong
by MyCryptoParadise
1
Riding the Fibonacci Wave: A Strategic Approach to Price PolygonTitle: Riding the Fibonacci Wave: A Strategic Approach to Price Targets Introduction: In the dynamic world of financial markets, traders are constantly seeking reliable tools to forecast price movements and identify potential reversal points. Fibonacci retracement levels have emerged as a popular and versatile technical analysis tool, providing traders with a systematic approach to understanding market trends. When applied judiciously, Fibonacci retracements can offer valuable insights into potential price targets, enabling traders to navigate the markets with increased precision. The Ascent: Riding the Fibs Upward: As an asset experiences an upward trend, savvy traders often turn to Fibonacci retracement levels to gauge potential resistance and project future price targets. By applying the Fibonacci retracement tool from the swing low to the swing high, traders can identify key levels where the asset may encounter resistance during its ascent. The retracement levels, such as 38.2%, 50%, and 61.8%, act as potential support zones, offering strategic entry points for those looking to ride the upward momentum. As the asset climbs, traders closely monitor these Fibonacci levels, adjusting their positions and leveraging the insights provided by the Fibonacci retracements to optimize their risk-reward ratios. The Descent: Navigating the Retreat: However, markets are inherently volatile, and trends rarely move in a straight line. Understanding the potential retracement levels during a pullback is equally crucial for traders seeking to maximize profits and minimize risks. As the asset retraces from its peak, traders can utilize Fibonacci retracement levels from the recent swing low to the swing high to identify potential support zones. These levels, including 38.2%, 50%, and 61.8%, serve as crucial areas where the asset may find support before resuming its upward trajectory. Traders employ a disciplined approach, combining Fibonacci retracements with other technical indicators, to validate potential reversal points and make informed decisions as the market retreats. Hitting Targets: Precision in Profit-Taking: Successfully navigating both the upward and downward movements using Fibonacci retracements allows traders to set precise profit targets. By strategically placing take-profit orders near key Fibonacci levels, traders aim to capitalize on market movements with a calculated approach. This method provides a structured framework for profit-taking, allowing traders to secure gains as the asset hits predefined Fibonacci targets. In this way, the combination of riding the Fibonacci wave upward, navigating the retracement, and hitting profit targets offers traders a comprehensive strategy to enhance their trading success in the dynamic world of financial markets.
COINBASE:MATICUSD
by chrisGTR
MATIC (Y24.P1.Video1).Finding levels of impportanceHi Traders, This one is good for those who want to find levels of importance which is our groundwork prior to trading the levels using SFP's or Failed Auctions. On the macro perspective, we use other strategies that is not covered here but again, these levels played the role for decisions. We used 3rd party tools as well and maybe there are scripts here on Tradingview that also do the same. I know there is some but how well they do it, I have not checked. Moving forward, if you want to ask questions about this approach, I will point you in the right direction. All the best, S.SAri Current resistance, VAH completed
COINBASE:MATICUSDLong
by ssari