Matic Mainnet May 15th! Up up and away!Matic has been an odd duck with it's price action in the past year. It had an epic run up of price in May 2019 in the span of 10 days (from 49 sats to 573 sats), before crashing down to earth, only to have another meteoric rise (from 173 sats to 569 sats) and one of the most epic crashes we've seen in crypto where it retraced almost entirely in a couple days.
Now it seems it's ready for some bullish momentum up. It has it's work cut out for it though. It's going head long into a lot of chop. It needs to first close above the 200 Day on the daily and confirm it as support. There's not a lot of time for it to confirm support and get through all that resistance before Mainnet goes live. If buy the rumor and sell the news applies here, it will need a lot of volume to make any significant price gains. It does have a lot of visibility though. That may be enough to see a big push upward. That's not the ideal scenario for long term growth, but Matic holders could really use some bullish momentum these days.
MATICBTC trade ideas
MATIC/BTC 98% Potential in Short Term#MATIC/BTC Fresh Setup:
#MATIC finally bounce back from Strong Support 170 Sat. and I told you last update fro best entry.
Still good entry and bearish bellow 168 sat.
Keep in eye on every update in chart.
Because market is very volatile so if MATIC candle close bellow 168 Satoshi then bearish. and I will exit.
but Now Technical analysis and Fundamental Analysis both are very Strong so we can expect 30%-70% profit from here in short term.
S: 168/141/121 Sat
R: 215/250/303 sat
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MATIC Make or breakWe either break out of this wedge and go up to the target or fall down lower to the next support.
MATIC/BTC | TREND LINE BREAKOUT | WAITING CONFIRMATIONAs per previous pattern. looks like there will be small correction with MATIC/BTC.
Risk & Reward quite high based on the pattern.
Another indicator of make or break moment coming up!All info is in the chart. I think it'll also depend on how the next 7hrs up until the halving play out, and the price of ETHBTC as it is correlated and can swing MATICBTC either above or below its current support and resistance levels.
MATIC Classic Triangle Trend LineFYI, based on the trend line. most of the candle touch top green line 5 times compare to 2 times touching support area.
Expected for breakout in anytime soon, the longest extend period will be 13-21 MAY. looking forward for potential breakout or extension.
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On a Long Term Support Line ,Ready To Breakout 📡 MATIC / BTC
🌐 Exchange : BINANCE
▶️ Buy : 185
👇 Targets :
✅ Tp 1 : 200(8%)
✅ Tp 2 : 215(16%)
✅ Tp 3 : 235 (27%)
🔴 Stop loss zone : 170 ~ 168
MATICBTC Gann Fan Support LevelDescription in the Chart.
Not any kind of advice from me, i am just looking at the chart. Do your own research please.
MATICBTC XABCD Pattern?I don't know exactly, but does this count? Also sitting on the long term support line right now. But as BTC is volatile ... maybe alts will drop more.
Beautiful chart on MATIC/BTC - Up to 300% ++ gains!This is one of the strongest project im eyeing on. Matic produced more than 10X back in Binance IEO during bear market.
Backed by COINBASE Ventures. this coin have potential to shoot past highs.
Rumour of it getting listed on Coinbase after Mainnet, and Coinbase is using Matic side chains(not sure where the source is, if anyone can point out would be great)
Phase 1 of Mainnet is completed successfully. Phase 2 to be completed in about 1-2 weeks.
Mainnet is only weeks away.
50+ DApps are building on Matic already.
Will Coinbase allow Matic Staking on their platform soon? (this will cause bulls after bulls..just like Tezos did in the past)
Many industry investors are also loving matic.
Chart wise, it looks like it is following reverse pattern from Oct 2019 backwards from my yellow arrows.
Now 175-195 sats is a really good buying zone as prices are accumulating..
Do note im not a financial advisor. this is only my opinion.
Thanks for reading and good luck all!
MATIC/BTC 15% up within few days still chance 50%#MATIC/BTC Profit Update:
MATIC current price is 197 sAt and went upto 199 Sat.
#MATIC now 15% up from our Entry.
hope you all very happy with our analysis.
still more chance for upward.
I will hold 10-15 more Days.
I am targeting 250/300 Satoshi.
Lets see what will happen.
but guys stay safe.
S: 168/187 Sat
R:215/250/303
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Thank you
MATIC/BTC Buy & Hold Idea (May 1st, 2020)This project has fine fundamentals with an outstanding team, not to mention very strong volume. Just looking at basic TA I like that it's been going somewhat sideways for quite some time even with BTC's insane moves and I also like that the upside potential is so high. If it goes down to the green areas I could DCA more into it, however, I find the current entry more than acceptable.
#MATICBTC ANALYSIS .. TIME IS COMING I think the pump movement that we see from time to time in #MATICBTC will be repeated..
#MATICBTC has been on a rising trend for a long time.. I think vortex is the key indicator for #MATICBTC, when the vortex produces a buy signal from the reference level (1.02), we can easily see how meaningful it works at the price movements.. Although Vortex is far from producing a buy signal yet, it should be followed carefully.. I think time is approaching for #MATICBTC..
Disclaimer: What I wrote is not investment advice.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own risk..
I wish you all the best..
MATIC/BTC 21% Potential from here with Tight Stop Loss#MATIC/BTC Chart Update:
currently trading at 176 Sat.
#Matic Now Bounce from Strong support 170 Satoshi so I bought some at 170-174 Sat and holding for 15 Days.
but if any candle close bellow 168 then I will exit and close my all positions of MATIC and wait for buy at dip between 120-140 satoshi.
because according To Technical Analysis Chart #Matic/BTC TA fully Bearish Mode but Fundamental Analysis is very Strong.
so guys keep an eye on MATIC/BTC.
My entry is 170-175 Sat
And exit when any candle close bellow 168 Satoshi.
S: 168
R: 215/250/303
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Thank you
MATICBTC Symmetrical triangleMATICBTC continues to rise after the recent breakout. It just retested the previous resistance and created a Symmetrical triangle. As we know from our signal is a sign of a continuation pattern then we will look for the breakout that could be a start of the third Elliot's wave
Are you ready for some fireworks?the sentiment is good, the chart looks amazing. What else can I say?
#MATIC UPDATE [April, 15th] Bullish pattern#MATIC UPDATE
We have a bullish pattern - triangle with the flat resistance and ascending support. It should be broken upwards. Enter after breakout is confirmed. Targets are on the chart.
