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Polygon

MATICUSD Double bullish break-out.Polygon (MATICUSD) closed yesterday above the 1D MA100 (green trend-line) for the first time in 6 months. At the same time it broke above the top (Lower Highs trend-line) of the Falling Wedge pattern since February 18. The 1D RSI was already on a Higher Lows Bullish Divergence since Augst 22 so this is a technical bullish break-out for the long-term. Our target is the 1D MA200 (orange trend-line) at 0.7000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:MATICUSDLong
by TradingShot
3
MATIC Surges 3% - Time to Long and Ride the Wave!MATIC token has experienced a remarkable surge, soaring up by a staggering 3% in just a short span of time! This is an exciting development that should not be overlooked, and I encourage you to seize this opportunity and consider going long on MATIC. The recent 3% surge in MATIC is a clear indication of the growing strength and potential of this remarkable cryptocurrency. As traders, we are always on the lookout for promising opportunities, and MATIC has consistently proven itself as a force to be reckoned with in the market. This surge serves as a testament to the resilience and upward trajectory of this incredible token. Now, you might be wondering why this surge matters and what it means for you as a trader. Well, let me tell you, it's time to get excited! A 3% increase may seem small to some, but it's the beginning of a potential rally that could propel MATIC to new heights. By going long on MATIC, you position yourself to reap the benefits of this upward momentum, potentially maximizing your profits in the process. So, how can you take advantage of this exciting opportunity? It's simple! Consider opening a long position on MATIC, placing your trust in its potential for further growth. By doing so, you align yourself with the positive market sentiment surrounding this token, positioning yourself for potential gains as the price continues to climb. Remember, the crypto market is highly dynamic and ever-changing. Opportunities like these are what make trading so thrilling and rewarding. However, it's important to always conduct your own research and exercise caution when making investment decisions. While MATIC's recent surge is a promising sign, it's crucial to analyze the market trends and indicators before taking any action. As always, I encourage you to stay informed, keep an eye on the market, and make well-informed decisions based on your own risk appetite and trading strategy. Don't miss out on this exciting opportunity to long MATIC and potentially ride the wave of its upward momentum! Wishing you profitable trades and an exciting journey ahead!
MLong
by bryandowningqln
MATIC is Ready For an Explosive Bullish Move 🚀| MATIC Analysis💎 Paradisers, stay alert! MATIC/USDT is currently traversing a demand zone, and we are holding a positive outlook for a potential upward journey. 💎 In the past few days, its movement has been restricted to a specific range. It previously faced resistance at the bearish order block, close to the $0.52 level. 💎 Given its ongoing upward momentum, MATIC appears ready to challenge this level once more. 💎 Keep a close eye on the supply zone and the bearish order block discerned on longer time frames; these are probable targets in the short term for Polygon. 💎 However, if the MATIC falls below the demand zone and vital support, be ready for a potential downward shift. 💎 Stay vigilant and keep an ear out for more insights! 🌴
MLong
by MyCryptoParadise_Simon
2
MATIC/POLYGON - long position |AnalysisHello Traders, here is the full analysis. Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity MATICUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
MLong
by TheGrove
6
0.3840-0.5620: Important boundary rangeHello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (MATICUSDT chart) (1M charts) The StochRSI indicator has entered the oversold zone and a change in slope has occurred. Accordingly, the possibility of a trend reversal in the StochRSI indicator is increasing. The key is whether the price can be maintained above 0.4010. (1W chart) On the 1W chart, the 0.559 point corresponds to an important support and resistance point. Accordingly, the key is whether the price can be maintained around 0.559 and rise. (1D chart) With the 0.3840-0.5620 range as the boundary range, we believe that anything below 0.3840 corresponds to the mid- to long-term investment period. Accordingly, if it falls below 0.3840, it is recommended to stop trading and wait for it to rise. In order to reverse the trend, the price must be maintained by rising above the MS-Signal indicator on the 1M, 1W, and 1D charts. Accordingly, the price must be maintained by rising above the M-Signal indicator corresponding to the MS-Signal indicator. (MS-Signal indicator is composed of M-Signal indicator and S-Signal indicator.) Since it has not risen above the MS-Signal indicator on the 1D chart, it has not been able to turn into a short-term upward trend. Therefore, in order to turn into a short-term uptrend, the price must rise above 0.5620 and maintain the price. -------------------------------------------------- ------------------------------------------- ** 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. ---------------------------------
M
by readCrypto
2
MATIC.USD (SHORT-TERM)Hello friends. How are you today? It's the second analysis that I publish today. Many users asked me to talk about Matic for Short-Term So I decided to talk about that briefly. I use Gann Fan and Ichimoko and the time frame is Weekly. According to the data, the price still respects the Gann Fan's line. It looks nice. Also, I use ichimoko too. Based on Ichimoku the price is below the Tenken-sen and Kijun-sen, the future cloud is still bearish and the Chiko span is below the Candles.we had a negative swsitch between tenkensen and Kijunsen. It means we are still in a bearish trend. and the time shows us about 2-3 weeks later, the price will touch the purple line (1/3) Also, the price action tells us the first support zone could rescue the price against more drops. As a result, I expect that the price will drop to 0.42 USD first and if this support zone could not prevent more dropping, we should see the price in the second support zone. But in the long-term, I expect more dropping, minimum to second support zone. So, we have to be patient and see what will happen… Please don’t forget to write your comments ✍️✍️ Like 👍👍 and Share 👌👌 this Vision with your friends. Have a good day Ho3ein.mnD
MShort
by Sticky-Stock
MATIC/USDT In the Crucial Zone, MATIC Need Bounce to Continue Up💎 MATIC is undeniably on our radar. Currently, it's nestled within a support zone after facing a staunch rejection from the daily resistance. This juncture will determine MATIC's next move: either ascend to re-challenge the daily resistance or descend towards the imminent demand zone around $0.537. 💎 If MATIC does dip to this demand and witnesses a strong rebound, it could be indicative of a liquidity sweep, which often precedes a significant bullish rally. 💎 However, should MATIC struggle to regain its footing in the support zone post touching the demand, it might be a red flag. This could suggest a potential further decline for MATIC, possibly towards the next support level and even potentially to the critical support zone.
M
by MyCryptoParadise
MATIC/USDT bullish momentum? 👀 Matic Today Analysis💎 Paradisers, pay attention! We are observing an exhilarating opportunity with #MATICUSDT as it breaches the daily resistance level, gearing up for a bullish move. 💎 Upon meticulous analysis, we’ve noted that #MaticNetwork previously broke below the ascending channel and embarked on a downward trajectory. Currently, it’s unfolding two possible scenarios. 💎One possibility is it retests 0.5499 and initiates a bullish move. The second scenario is it breaks that level and establishes a downward trajectory to retest the daily support level. 💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights!
MLong
by MyCryptoParadise_Simon
Matic: Sell in May and go away 🐻⁉️📆 We can see that the month of May is a crucial month. The range contained in the 🟥 red rectangle has already been tested several times, and in May last year we had a sharp drop. Here we are again in the month of May, on top of that range. Will it fall again? I don't know. But if it drops again, I would bet on a drop to some Fibonacci region drawn on the chart, and after any reversal signals I would look for an entry. But before that, I believe that there will be a spike in the rise, and depending on the context, it will not even fall as expected. Just having a crystal ball to know. 🔎 Doing a complementary analysis using on-chain data, we can see that Uniswap's liquidity pools suffered a relevant decrease in the month of May: 🔎 And the total trade volume on Uniswap (in USD) also has this setback: 🔎 Another item that I found interesting to point out, looking at the on-chain data, is the "New address created with non-zero starting balance" in the blockchain, which broke down an important level: 🟢 Despite everything, I remain bullish. It's not because the last month of May was bad that we will necessarily now have a bad month too. The last three arrows in the red rectangle indicate that there was a test in this region, and the price did not break down, which could indicate that at least we will have a rebound if there is a stronger drop. Another thing to note is that the TVL (Total Value Locked) in blockchain seems to be showing signs of reversing:
MLong
by andre_007
2
MATIC Polygon Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook: FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices. Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure. Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks. Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment. Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market. Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply. Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market. Considering the above, my Price Target for MATIC Polygon is $0.41. Looking forward to read your opinion about it.
MShort
by TopgOptions
MATIC: The ride to 0.5$ may begin soon!Given the anticipated downward trajectory of BTC from its current levels, the price of MATIC will likewise experience a decline. Ant it has become more evident as the price has undergone four retests at the lower boundary of the triangle, indicating a potential greater downward movement soon! Consequently, a break to the downside is expected, and it may be prudent to adopt a wait-and-observe approach for more favorable pricing opportunities. It's said that one day, the mighty MATIC will set its course for the moon, but for now, it seems to be headed back down to Earth! Keep your eyes peeled and your senses sharp, as this journey promises to be a wild ride filled with unexpected twists and turns! :)
MShort
by MBM_Crypto
29
What's Next Possible Move of MATIC/USDT? Polygon Analysis💎Attention, Paradisers! Turn your focus to MATIC, as it's gearing up for potential movements, offering a few captivating possibilities. 💎MATIC faced resistance at the OB a few days ago, sparking an upward trend. Yet, with a hint of slowing momentum, it's projected to re-engage with the OB. Should it falter at this juncture, anticipate a bullish continuation from a key support point. 💎Delving into its trajectory, we've noticed a shift from demand to supply, resulting in a pronounced dip. 💎After capturing liquidity from below, MATIC seems primed to climb, targeting the overhead imbalance. 💎Keep a close watch for further insights and relish your trading adventure.
MLong
by MyCryptoParadise_Nathan
Polygon Matic price will try to work out a medium-term tradeMatic buyers are not giving up and are trying to break through the local trend and strong liquidity zone from above. We assume that there will be more attempts to push the price up, so this medium-term trade has the right to live: Entry = $0.636 Stop = $0.5582 (-12%) Take Profit = $0.9595 (+50%) Potential profit/loss ratio = 12/1 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
M
by P_S_trade
34