Polygon MATIC is heading for its next bull runA bullish pennant on the weekly timeframe indicates a move upward. Considering the bullish momentum we could go up all the way to $16.
Polygon
MATICUSD - Monthly Bullish DivergenceAn example of a bullish divergence in which price prints a higher low while the RSI indicator on this Monthly timeframe prints a lower low. This is a sign that upward movement is to come.
MATIC/USD 3d Breakout !MATIC/USD 3d Breakout
#matic
#polygon
>We see repeated construction on a larger scale.
An analogue of the 1-6 movement has arrived.
It took place to the upside with an inverted shoulder-head-shoulder pattern.
Continue !!..
MATIC/USD 1w chart
MATIC/USDT bullish horizons from support retest?🚀Matic Analysis💎 Paradisers, watch closely as #MATICUSDT is displaying a pivotal movement, strongly holding its key support and signaling a high chance for a bullish move.
💎 Recently, #POLYGON underwent a retest at its support level, suggesting that if it can sustain momentum above this point, we're likely to see a substantial bullish push, aiming to overcome a major resistance level. A deeper analysis shows that #MATIC is exhibiting strong momentum, consistently trading above its EMA trajectory.
💎 Nevertheless, in the dynamic crypto market, being prepared for different scenarios is crucial. Should #MATIC find it challenging to hold its ground at the key support level of $0.9387, we might need to adjust our strategy.
💎 In this case, our Plan B, as savvy traders, would involve preparing for a bullish resurgence from a lower demand level at $0.8354. Staying vigilant is key, as a breach of this level could indicate a potential shift towards a bearish trend. 🌴💰
MATIC - Wyckoff Reaccumulation Schematic#MATIC
This looked like a simple flag initially, which is a great bullish continuation pattern, but since has evolved into a #Wyckoff Reaccumulation Schematic. The latter is actually a healthier option, and one which usually warrants less pullbacks vs the simple flag, that very often comes with sharp retraces.
The Volume is perfect, the OBV is perfect, the pattern is perfect, the timing during Trad Fi market close and end of year standard low volume is perfect...
Have you placed your bets?
Polygon MATIC 2024 Price PredictionTLDR:
My 2024 targets from low to high are:
1. 1.92 USDT, the 0.618 Fib retracement.
2. 2.36 USDT, the 0.786 Fib retracement.
3. 2.57 USDT, 400% from the recent HL on the weekly TF.
4. 2.92 USDT, the 2/1 Gann angle (considering price and time).
Background (Weekly TF):
Matic was in a downtrend from December 2021 until June 2022. MATIC lost 89.54% of its USDT value during the downtrend, which is remarkably good for a cryptocurrency.
Between June 2022 and February 2023, MATIC’s price rose approximately 400%, not too bad for a bear market.
From February 2023 until October 2023, MATIC was in a correction. MATIC managed to finish this correction with a HL of 0.49 cents. This means that MATIC maintained the uptrend and completed the overall correction with a Double Bottom.
Support and Resistance (Weekly TF):
MATIC is above the 0.236 Fibonacci retracement at approximately 93 cents. It is yet unclear if it will hold this level or not. MATIC is 99% correlated to Bitcoin, and much depends on Bitcoin’s PA, which is unclear.
The next significant resistance is the 0.382 Fibonacci retracement at 1.30 USDT. A Weekly supply zone compounds this resistance. This zone’s proximal line is at 1.28 USDT, and the distal line is at 1.5 USDT.
The 4/1 Gann angle is also approximately at the same level, strengthening the resistance level. Unlike Fib retracements, which are horizontal, a Gann angle is diagonal and considers price and time. For this reason, I cannot put a number on this resistance.
Volume Profile:
Fixed Range Volume Profile taken from December 2021 until today shows the PoC is at the same level as the 0.236 Fib retracement. If MATIC manages to hold above this level, it could become a significant support level. The VAH is at 1.08 USDT, acting as resistance on the daily TF.
A Fixed Range Volume Profile taken from the bear market low shows the PoC is at 85 cents. From a PA standpoint, the 85 cent is a notable S/R level. Should MATIC lose the 92-cent level, the 85-cent level could be appointed in which MATIC will find support and turn around.
2024 Targets:
Predictions are a thorny issue. What I am doing as an analyst is driving forward while looking in the rearview mirror. Take my prediction as an educated guess and always trade the chart level to level.
I assume 2024 will be a good year for crypto because of macro factors such as the Bitcoin ETF, the US FED rate cuts, and the presidential election race.
MATIC has proven itself to be a resilient and volatile asset, which makes me optimistic about its prospects. MATIC managed to rise 400% in eight months during a bear market. Assuming the same level of performance in a bull market is conservative.
My 2024 targets from low to high are:
1. 2.36 USDT, the 0.786 Fib retracement.
2. 2.57 USDT, 400% from the recent HL on the weekly TF.
3. 2.92 USDT, the 2/1 Gann angle (considering price and time).
What do you think?
Please share in the comments.
Short time frame Falling wedge on #MATICAs you are aware if u follow me
Matic is quite bullish on the big time frames.
& I expect it to exceed it's 2021 All time High
No mean feat for an Alt coin!
So when u spot bullish structures on the lower time frames
Could be a good idea to position yourself for upside
:) NFA
In secend renge (MATIC)❤️❤️Thanks for boosting 🚀 and supporting us!
📈againe test to break-even renge
📊 (Entry) : 0.828
🔴 Stop Loss : 0.811
🎯 Take Profit : 0.846-0.864-0.876
🔗 For more communication with us, In the footnote and send a message in TradingView.
👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
Matic (Polygon) Preparing for Huge BreakoutI love this action from MATIC here. It's showing incredible resilience and strength against BTC and ETH.
After a beautiful move from 0.51 to 0.99, we're in a consolidation phase. Triangular consolidation that is serving as a bull flag is attempting to break out and when it does, we're going to rocket higher.
There is a lot of action in the parallel channel I've highlighted from 0.75 to 0.96. We should break this pretty easily once the triangle breaks.
Target: +32%
Stop Loss: -20%
Best of luck
- Sultan of Chart
MATIC - A Simple Flag#MATIC
This Simple Flag following the breakout with volume is exactly what we want to see.
If one large and full body candle had large volume and a #doji that had more couldn't retrace any distance to speak of, do you think up or down has more pressure pushing it ATM...?
MATIC/USDT Bullish Potential in Demand Zone?👀🚀MATIC Analysis💎Paradisers, let's delve into #MATICUSDT as its showcasing a compelling pattern in the market. Positioned in a demand zone, it is hinting at a possible bullish movement.
💎 Recently, #MATIC faced resistance at the $0.8796 level and is now regaining momentum within the demand zone. This sets the stage for another attempt to breach the supply level where it was previously rejected. A successful break above this level could significantly increase the likelihood of reaching the major supply level at $0.9461.
💎 However, savvy traders always have a Plan B. In this scenario, if #Polygon fails to sustain its upward momentum, we might see a bullish recovery from the bullish Order Block (OB). But caution is key: if #MATIC falls below this OB level, it could signal the start of a downward trend. 🌴💰
Can MATIC finally break the $1 and leave the penny Crypto area ❓Can MATIC finally break the $1 and leave the penny Crypto area for ever
Provided 2 charts for you:
no1
2-day candle chart shows nice bullish breakout👀‼️
no2 in Comments
The Renko chart shows that Polygon is at an important line🟩
If Polygon confirmes breakouts a huge bullish future is ahead IMO🚀
Comments💭, Likes♥️ & Follow🔗appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
MATIC(Polygon) - Break Through the Long-Term Downward Trend Line
* 1W
It has finally broken through the long-term downward trend that has been going down since December 21, 2021.
* 1D
The retest was completed after breaking the long-term downward trend.
As the two-year decline has been broken, there can be a big rise.
MATICUSD One more correction left before going parabolic!It has been a little over 2 months since our last analysis on Polygon (MATICUSD), which eventually hit our 0.7000 target (see chart below) and has now broken above the 1W MA100 (green trend-line) for the first time since March 13 2023:
As you can see on this 1W time-frame, we are about to get a Bullish Cross between the 1W MA50 (blue trend-line) and the 1W MA100. That will be the first in MATIC history but we do not expect it to create the conditions for an immediate rally. Based on the same long Accumulation Phase of the previous Cycle, the rally started after the price broke below the 1W MA50 one last time.
Once that happens, we will turn bullish on MATIC again for the long term and target the 2.0 Fibonacci extension at 5.000.
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Matic - Falling wedge as part of a bigger patternBut for the short term I'm looking for it to pop 10-15c
Which is a healthy 20% move
The bigger breakout is getting past the 98 cents level
Which could see a quick move to a $1.25
MATIC - Inverted H&S 4Hr Chart A big inverted H&S has formed on the 4Hr chart of MATIC
A W pattern within this larger pattern can be seen to be forming allowing another move upwards
Completing the overall larger inverted H&S pattern and leading to bull continuation.
The Exit of $MATIC From Symmetrical Triangle is ConfirmedHello guys,
Well, after a long struggle with 100WMA, CRYPTOCAP:MATIC is finally breaking through this resistance to exit the upper side of the Symmetrical Triangle. Based on this, I predict three targets for CRYPTOCAP:MATIC :
🪙 MATIC/USDT
💹 Binance
🧮 Spot
🛒 Entry
🟢 Market Price < 1.0000
💵 Targets
🔴 $1.1525
🔴 $1.4045
🔴 $1.6766
⛔️ SL $0.6903
📅 26/12/2023
As always, this is not a financial advice & please do your own research.
"Boost" & "Follow" if you want to see more of these ideas.
Goodluck
MATIC - Probably Nothing...#MATIC
As noted before, the rocket fuel has now been loaded at the LPS (Last Point of Supply).
Now it's time, Number go up...
$MATIC in Conflict With 100WMA to Start a New Uptrend Hi everyone,
We are in the CRYPTOCAP:MATIC weekly chart and as you can see, CRYPTOCAP:MATIC has fluctuated in a beautiful Symmetrical Triangle since registering a new ATH. Also, during recent weeks, CRYPTOCAP:MATIC has been engaged in consolidation, which has caused it to register some lower highs in this triangle and convince us that it will soon exit from the upper side of this triangle.
In the lower part of the chart, we can see that CRYPTOCAP:MATIC has formed a strong support area in the range of 50 cents. Currently, the 100WMA resistance is considered as the only factor preventing CRYPTOCAP:MATIC from exiting this triangle. If CRYPTOCAP:MATIC can cross the 100WMA barrier, it will simultaneously exit this boring triangle and start a new uptrend.
But if CRYPTOCAP:MATIC cannot cross the 100WMA barrier for any reason, then we will see it fall back to the bottom of the triangle and record some higher lows. Anyway we will wait for the next events of the crypto market and confirmation of the trend.
As always this is not a financial advice & please do your own research.
"Like" & "Follow" if you want to see more of these ideas.
Goodluck
#QUICK #quickswap to the moon!Excellent accumulated by whales. Waiting for #polygon #matic to trend. #quickswap is the leading #DEX of #polygon ecosystem. Aaaand... In kucoin someone has pumped the ex version of #quick(old) to 15x then dumped. This may be meaningful.. We' ll see. At least the chart is tasty.
NOT FINANCIAL ADVICE. DYOR.
Ascending PositionMATIC, positioned at the top of the Fibonacci 0 zone, indicates a potentially strong base for growth, particularly if Bitcoin's price rises.
This correlation with Bitcoin's movement implies that a positive trend in Bitcoin could significantly benefit MATIC.
This analysis is for informational purposes only and should not be considered as financial advice.
Uptrend turning point : 0.9483Hello traders!
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(MATICUSDT chart)
(1M charts)
Since it has not yet risen above the MS-Signal indicator, it is difficult to say that it has turned into an upward trend.
Accordingly, the key is whether it can rise above 0.9279.
(1W chart)
The key is whether the price can be maintained above 0.7529 and rise above 0.9391.
(1D chart)
Looking at the overall picture, I think the range from 0.3840-0.5620 to 0.9483 is an important support and resistance range.
Accordingly, the direction in which one deviates from this section is important.
This is the current 1M chart's M-Signal indicator touched.
Therefore, the key is whether it can rise above the M-Signal indicator on the 1M chart and rise above 0.9483.
If this is not the case and it falls below 0.7403, there is a possibility that it may fall to around 0.6314, so you need to think about a response plan.
If the price rises above 0.9483 and holds, it is expected to turn into an upward trend.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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