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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
MATIC - Bullish Flash on THIS Indicator 📢📉Hi Traders, Investors and Speculators of Charts📈 If you've been following, you'll know I'm fundamentally bullish on MATIC. And it gets better than fundamentals - we just saw a bullish "BUY" signal flash on the weekly from a powerful indicator! Polygon is unique in that it's a blockchain platform designed to work with another blockchain platform. It improves Ethereum's scalability - which we all know if the biggest problem of ETH. ETH dApps can use Polygon's sidechains, thereby making it a functional and fundamentally great choice as an altcoin asset. One of the exciting things about Polygon is the partnerships it has established. Many big brands are working with Polygon to launch their NFT projects. Current partners include: ✅ Walt Disney ✅ Starbucks ✅ Meta Platforms ✅ Nike ✅ Mercedes ✅ Google ✅ Adidas ✅ Adobe ✅ Mastercard ✅ Reddit While it might not pump as hard as other altcoins, it's also far less likely to fail than smaller , newer cryptos with similar aims - and it still has plenty of room to grow. Its partnerships make it an interesting buy for those who are interested in a well diversified portfolio, containing assets with real-world use case and strong fundamentals. A possible scenario like this seems possible IF we can maintain closing daily candles ABOVE the diagonal trendline (support): A drop and CLOSE UNDER this zone invalidates short term bullish sentiment: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:MATICUSDT
MLong
by CryptoCheck-
4
MATIC Polygon Price TargetIf you haven`t sold MATIC when Robinhood delisted it: With the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market. Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies. As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm. This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days. My Price Target for MATIC is the next resistance, $0.92.
MLong
by TopgOptions
MATIC/USDT Nearing a Crucial Resistance Eyes on the Next Step?💎 Paradisers, get ready for an exciting development with MATICUSDT as it edges closer to a pivotal resistance, hinting at potential upcoming actions. 💎 Observing POLYGON recent patterns, we've noticed a recurring price action. Currently, it's mirroring past behaviors, and if it honors the resistance at $0.9584, we might see a retreat to the support level of $0.7216. 💎 Should the price hit the support at $0.7216, there's a strong chance for a significant bullish push towards the formidable resistance at $1.0970. However, a loss of steam at $0.7216 could trigger a bullish recovery from the deeper support at $0.6594.
M
by MyCryptoParadise
1
MATIC/USDT Could MATIC back to break resist or back to demand ?💎 MATIC has recently experienced significant developments in the market. Currently, MATIC has displayed strength by bouncing from the demand area, which previously acted as a supply zone. Moreover, it has successfully broken out of a descending channel pattern. 💎 If this breakout is valid, there is potential for MATIC to continue its upward trajectory and attempt to break through the resistance area. Breaking this resistance is essential because a successful breakout, probability could pave the way for MATIC to reach our target at the Bearish OB area. 💎 However, if MATIC fails to sustain its upward momentum and experiences a false breakout, there is the possibility that the price will retreat to the demand area to establish a new bullish momentum. 💎 The demand area holds significant importance, as a breakdown from this level could signal a return to bearish sentiment, potentially driving the price back towards the strong support area.
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by MyCryptoParadise_Nathan
Polygon Chart Analysis: Daily and 4-Hour PerspectiveWe're eyeing a particularly interesting chart: Polygon BINANCE:MATICUSD . On the daily chart, we're observing a very discernible cycle. While we've certainly seen very impulsive upward and downward movements in our last bull market, we've been convinced since the summer of 2022 that we completed a downward correction and have since developed a Wave (1) and (2) with an overshooting B, now finding ourselves in the overarching Wave (3). This should, at a minimum of $2. 🔎 Zooming into the 4-hour chart, we've hit our 50% retracement limit order for the subordinate Wave 2 at $0.74, witnessing a very nice correction to this limit order. On closer inspection, we have an Expanded Flat with Wave B at 138%, which is the maximum for an overshooting Wave B. Thus, this scenario seems to be accurate. 📉 However, there's always a chance that we might dip again, possibly retesting the 50% or even the 61.8% levels. Yet, we should ideally not drop below our 78.6% mark, which is our $0.60 level. Falling below this would make it highly unlikely that we're still dealing with a Wave 2, and should we fall under the 78.6%, we must consider the possibility of a decline to the origin point X, $0.49.
MLong
by freeguy_by_wmc
0.90 to 1.10 MATICAnalyzing the current market trends and technical indicators, my projection for #MATIC in the upcoming 2024 bull market is a price range between $0.90 and $1.10 USD. This valuation is based on several key factors, including historical data, recent market performance, and the overall growth trajectory of the cryptocurrency sector. #MATIC's fundamentals, coupled with increasing adoption and technological advancements, suggest a strong potential for this price range to be achieved. As always, it's crucial to monitor market dynamics closely, as cryptocurrencies can be volatile and subject to various external influences. This forecast considers both the potential market highs and the resilience of #MATIC in sustaining its value in a fluctuating market.
MLong
by GlareTuesday
3
Polygon (Matic): Coin, Target and Buy Zone Review!Hi all! ♾ Polygon was previously called Matic Network. Polygon (MATIC) is an Ethereum token that powers the Polygon network, which is used to scale Ethereum. Polygon's goal is to enable faster and cheaper transactions on Ethereum using Layer 2 sidechains, i.e. blockchains that run parallel to the main Ethereum blockchain. ✅Official website polygon.technology Now let's move on to the charts on the main timeframes M ➩ Globally, the price is in a downward movement as the monthly structure was broken and confirmed in 2022 ➩ Now there is a corrective movement towards a wave of decline, which has lasted for almost two years. ➩ Below there is an unfilled IMB M ($0.0483 - $0.1829) and equal minimums on the way to it. ➩ Currently the price is testing IMB M ($0.6651 - $0.7505) W ➩ On the weekly time frame, after reacting to OB W and filling IMB W, the price began to correct to the growth wave. ➩ Below in the form of support IMB W ($0.6651 - 0.6892 $) and the zone of combined OB W + IMB W ($0.5006 - 0.5994 $) D ➩ On the daily timeframe, the price is still in an ascending structure, but, judging by the protracted correction, it will be broken. ➩ There is also an accumulation of a large pool of liquidity below, which can attract the price 💭On the chart I noted two options for reducing the price to potential areas for purchases ❗️Not a financial recommendation; before entering into any transaction, conduct your own analysis of the asset
M
by mari_trade
MATIC/USDT upward momentum from demand? 👀🚀MATIC Analysis💎 Paradisers, turn your attention to #MATICUSDT, currently showing a promising indication of an upward trend, having recently broken above its descending trendline and gearing up for a bullish move from a key demand zone. 💎 #POLYGON has been closely following a descending trendline, and its recent break above it has opened the door for a high probability of a bullish move. This is particularly evident from the retest at the demand zone around $0.8791, which is expected to further strengthen the bullish momentum. 💎 However, should #MATIC encounter difficulties in sustaining its position above the $0.8791 demand level, it may become necessary to revisit and modify our trading strategy. Under such circumstances, our focus would shift towards initiating a bullish movement from a lower, strategically significant support level at $0.8412. 💎 Keeping a close watch on this level is crucial, as failing to maintain it could necessitate a strategic pivot, potentially highlighting challenges in upholding a bullish market direction for #MATIC.
MLong
by MyCryptoParadise
Polygon (MATIC) Poised for Further Growth CRYPTOCAP:MATIC is exhibiting trends similar to Ethereum. Currently, it's trading between support levels of $0.86–$0.887 and resistance at $0.91–$0.928, though this may not last long. An upward movement for Polygon seems more probable. Buyers are eyeing the $0.97 price point and the key psychological level of $1. Overcoming this level could significantly accelerate MATIC's growth. A temporary correction might bring MATIC down to support zones at $0.811–$0.834 and further to $0.796. Any further downward movement would depend on the overall market trends, particularly those of Bitcoin.
COINBASE:MATICUSDLong
by DEXWireNews
Polygon Labs Partners with Fox for Verify InitiativePolygon Labs partners with Fox to launch Verify, a tool for authenticating media content origin amid AI challenges. Polygon Labs, in collaboration with Fox, announced the launch of a groundbreaking technology platform, Verify, on January 9. This innovative tool is designed to authenticate the origin of media content, a significant step forward in an era increasingly dominated by AI-generated material. Verify aims to enable users to confidently determine the true source of articles and images, ensuring that content attributed to a particular publisher indeed originates from them. Polygons Verify Tackles Media Citation Issues The rapid proliferation of AI-generated text and images has presented a significant challenge to the integrity of online content. Verify emerges as a solution to this growing concern, allowing users to distinguish between authentic and AI-generated content. This technology does not evaluate the truthfulness of the content but focuses on verifying its origin. The platform’s introduction directly responds to the challenges faced by media organizations and others dealing with citation or copyright issues in the AI era. Polygon’s initiative with Fox is particularly timely, considering the legal challenges various media entities face. Fox News, part of Fox Corporation, is currently embroiled in a lawsuit with Smartmatic regarding false narratives circulated about the 2020 US Presidential Election. Similarly, Dominion Voting Systems settled a lawsuit with Fox for $787 million. These cases highlight the complexities and legal entanglements of disseminating unverified or false content. Legal Landscape and Industry Response The legal landscape surrounding AI-generated content has become increasingly complex. The New York Times filed a lawsuit against OpenAI and Microsoft in December, accusing them of using its content without authorization to train AI chatbots. This groundbreaking case reflects the broader challenges media organizations face in adapting to the surge of AI-generated content. In 2023, using AI tools in content creation led to significant industry upheaval, with the Writers Guild of America and the Screen Actors Guild – American Federation of Television and Radio Artists going on strike. The strike highlighted the growing concerns over the use of AI in the media and entertainment industries, underscoring the need for tools like Verify to establish clear boundaries and origins of content.
NASDAQ:FOXLong
by DEXWireNews