MATIC won´t be different. When to buy?Most likely Matic (Polygon) won´t be different. It will go down together with the whole crypto market.
On the chart you can see 2 possible scenarios. The direction is down.
Because of the FTX drama, the sentiment is bearish and probably it will remain bearish for awhile.
In the next days or weeks we may see more crypto firms announcing their bankruptcy therefore altcoins won´t perform well.
Welcome to crypto market!
Polygonmatic
MATICUSD Repost (It Reminds Me) MATIC Definitely reminds me of an early Ethereum in many ways
This chart furthers that
Structure with labels 1,2,3 can be seen in early ETH chart
This structure is current on MATICUSD
Will we catch a 13000% move on MATICUSD? As was seen on ETH?
MATICUSD - Contained Within Channel MATICUSD on a Weekly timeframe
Price has moved up within the Gaussian Channel
Price will likely led to a breakout to the upside as this containment within channel continues and is seen as support
This can be seen as a bullflag on the Monthly, which I have linked below
Polygon MATIC price Medium and Long term tradeThe MaticUSDT price was one of the first to break out of the falling trend channel back in July this year.
Now MaticUSD is trading above the liquidity zone of $0.67 - 0.77
You can try a medium-term trade:
Entry $0.831
Stop $0.7624 (-8%)
Take profit $1.1974 (+44%)
Profit/loss ratio 5/1
You can also consider this trade as a long-term investment and hold it until the take profit of $1.90 (+127%)
You can also keep a larger stop on the position, around $0.67
There are many options, it depends on what parameters your risk and money management allows .
But it is probably not worth getting the Polygon token - Matic when the price will be below $0.67 . After all, there is an "emptiness" below the liquidity zone and the possibility of the MaticUSDT price collapsing to around $0.4
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Trading opportunity for MATICUSDT PolygonBased on technical factors there is a Buy position in :
📊 MATICUSDT Polygon
🔵 Buy Now 0.8477
🧯 Stop loss 0.7908
🏹 Target 1 0.8990
🏹 Target 2 0.9900
🏹 Target 3 1.1440
💸RISK : 1%
We hope it is profitable for you ❤️
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Trading opportunity for MATICUSDT PolygonBased on technical factors there is a Long position in :
📊 MATICUSDT - Polygon
🔵 Long Now 1.1924
🧯 Stop loss 1.0644
🏹 Target 1 1.3629
🏹 Target 2 1.5296
🏹 Target 3 1.7461
💸RISK : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
Polygon: Remove before FlightReady for Takeoff? Polygon couldn't wait any longer and skyrocketed, before we could fasten our seatbelts. What goes up must come down, which is why Polygon has to take a dip after aiming for the stars and drastically increasing in over 23%. The sky is the limit, so we're expecting more movements upwards in the yellow target zone betweenn $1.18 - $1.33 to complete the yellow wave (3). Polygon is moving from the top down the yellow zone between $1.13 - $1.02 to turnaround to fly above the clouds and complete the yellow wave (5). Finally, it is important that the support at $0.968 should not be crossed in order to keep the upward movement going.
Polygon: Hammer time! ☝️According to the principle “U Can’t Touch This”, Polygon is pulling the M. C. Hammer move above the blue zone between $0.68 and $0.40, meaning that the altcoin just won’t touch it. Nevertheless, we still expect the cryptocurrency to dive into the blue Zone to finish wave (ii) in blue before rising above the resistance at $0.94, thus affirming further ascent. However, there is also a 42% chance that Polygon could indeed not touch the blue zone at all and instead climb above $0.94 directly.
Polygon MATIC Strong Support LinePolygon MATIC is now at a strong support line from which i expect a rebound to the following price targets:
MATIC/USDT
Entry Range: $0.80 - 0.85
Take Profit 1: $0.95
Take Profit 2: $1.05
Take Profit 3: $1.17
Stop Loss: $0.69
MATIC/USDT Looks Bullish on 4h ChartMATIC/USDT Looks Bullish on 4h Chart
Took out the low and now trying to recover back above the support🧐
Bull if does so📈
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MATIC/USDT
#MATIC/USDT
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SHORT MATICUSDT (Back down to $0.50-$0.70)Entry Price, Stop Loss, Take Profit, and Liquidation Price are all labeled.
Leverage Used: 5x (Short) - Isolated Marigin
Please let me know what you think in the comments!
* I am not a financial advisor. These charts I provide for free are brief explanations of current trades I am in.
Thanks!
Polygon: Jump, Jump 🎤We commence to make you – jump, jump,
The Mac Dad’ll make you – jump, jump,
The Daddy Mac’ll make you – jump, jump,
Kris Kross will make you – jump, jump...
As fitting as it is, we’re not really talking about the song by Kris Kross, which was released in February 1992 as the first single of their first studio album, but much rather commenting on Polygon’s next movement. Indeed, the altcoin should jump from the orange zone between $000 and $000 into the blue zone between $0.686 and $0.400 to finish wave (ii) in blue. Then, it should turn upwards, heading for the resistance at $1.05 and eventually crossing this mark. However, there is a 38% chance that Polygon could directly jump above the resistance at $1.05 instead.
Polygon: Bug 🪲Polygon has got the bug – regarding the green zone between $0.87 and $0.71. And just like a bug, the altcoin has been crawling above it, tipping it here and there. Although Polygon could have already finished the current movement by touching the green zone, we expect it to scramble a bit deeper still to complete wave 4 in green. Afterwards, the altcoin should flap its wings and buzz upwards.
Polygon: Promising 😊After completing wave 2 in green in the green zone between $0.44 and $0.42, Polygon has proceeded to battle its way upwards. If it can keep up this drive, it should soon make it above the resistance at $0.62, which would then augur well for further ascent.
Polygon MATIC short Entry Range, Take Profit and Stop LossMATIC/USDT short
Entry Range: $0.57 - 0.64
Take Profit 1: $0.51
Take Profit 2: $0.39
Take Profit 3: $0.26
Stop Loss: $0.74
MATIC strong support areaMatic is sitting at a strong support level from which i think it can bounce to the 1.71 resistance area.
Looking forward to read your opinion about it.
MATIC short term targetThere is an increase in MATIC`s volume recently and a lot of interest surrounding it.
Looks like a possible bounce from the support area.
I would expect a pump to $1.71 short term.
Looking forward to read your opinion about it.