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MATICBTC trade ideas

Falling wedge and bullish divergence on the dailyThere is a falling wedge pattern formed on the daily with a bullish divergence on the RSI. RSI is converging so we could see a nice breakout very soon. The same wedge pattern is being played on the MATIC/ETH chart. Depending on how the market performs as a whole in the coming weeks, we could see a resume of the bullish trend for matic or atleast a nice leg up to form a lower high, take caution since everything can be invalidated if the Ukraine/Russia crisis has a negative impact on the market this week.
MLong
by wheresmybacardi
MATIC vs BTC (and USD)Both 1 & 3-day charts are looking bullish for Matic. I've been waiting, watching, for a breakout of the ascending triangle on the above chart, and it now appears to have taken place with support on previous resistance. The Dragonflys on the weekly charts for both USD & BTC with Stochastic RSI on the floor for the past two months is really what has my attention, lower price action seems very improbable. Dragonfly on the weekly chart on BTC & USD
MLong
by without_worries
MATIC BTC Trend reversal?MATICBTC analysis on daily timeframe: MaticBTC is situated into a rising wedge which means a breakdown from this channel will happen. Now is sitting exactly on the support line RSI is going down which is a sign that bulls are exhausted and also you can see a big bearish divergence (Price vs RSI indicator) MACD +611 which is very much and it s still laggish. The problem with Matic are: -BTC dominance is about to breakout from falling wedge = Altcoins in satoshi will go down , so matic will break this support line and also the wedge and will go to the hell -Tomorow (1 january) will close Daily,2days,3days,4days,5days candles,4 months and in 3 january weekly,two weeks,three weeks,monthly,2 months,3 months. This means a powerfull MOVE will happen -MATICUSDT on daily if will close below 2.532$ the price will go down. Play safe and Happy New year!!
MShort
by Rowhales
Potential Handle formingThe breakdown from the Rising Wedge happened a little sooner than expected (see linked idea). From here I'm expecting a short-term bullish move off the 50 EMA and then a retouch of the SUPPORT-TURNED-RESISTANCE line. From there I'm expecting the "Handle" of the Cup & Handle pattern to develop. I'll be looking for a buy opportunity at the end of the handle. Keep rising, keep learning, don't get discouraged. Trading takes patience. ---------------------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following . Thanks!
M
by mercury_rising
Bearish mid-term, Bullish long-termMATIC appears to be forming a clear Cup against BTC. It's also in a Rising Wedge pattern (bearish). We've recently seen bearish divergences on the daily and 4-hour charts. Buyers appear exhausted. I'm not interested in longing MATIC at these levels and I'm expecting a cooling off (Handle) before breaking out higher. I'll be looking for bullish divergence at least on the 4-hour before this is tempting for me. ------------------------------------------------------ These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following. Thanks!
MShort
by mercury_rising
MATIC/BTC : New Bullish movement will happenHello every one MATIC/BTC MATIC/BTC has Formed a Reversed Head and Shoulder Pattern! This Bullish Pattern Has done a Strong breakout Recently And Now It is Time For Pullback! after a Pullback The Price should Be able To Increase as much as the Measured Price Movement (The Length Between Head and The Neckline) . Summery: -MATIC/BTC is in a Reversed Head and Shoulder Pattern -Break out has Already happened -after a Pullback ,It can Increase as much as The Measured Price Movement! 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
M
by CobraVanguard
6
Matic Trade Update. Time to Raise your Stop Loss. Matic has shown strong momentum gaining another 8% today breaking down her the resistance trend line we pointed out in yesterday’s video. Now the price has gone up a distance equal to the distance between the entry price and the stop loss price. The rule is, but when this happens, you raise your stop loss to the entry price. Now if the trade reverses and starts going against you, then at least you break even. Your new stop loss will exit you with no gain and no loss. So, raise your stop loss to about $2.7 or where you entered. Cheers.
MLong
by TechNerdOmar
5