MATIC may contract by 80% before next bullish rallyMATIC may still be overpriced and needs a bigger correction before the heavy buyers step in. In my attempt to gauge the size of that correction I have concluded that the price may drop to around 0.17 USD. Please note that this is weekly, logarithmic chart.
MATICBULLUSD trade ideas
MATICUSD (4H) - Bullish breakoutHi Traders
MATICUSD (4H Timeframe)
The market is in an uptrend and we are waiting for an entry signal to go LONG above the 0.8332 resistance level. Only the downward break of 0.7661 would cancel the bullish scenario.
Trade details
Entry: 0.8332
Stop loss: 0.7661
Take profit 1: 0.8746
Take profit 2: 0.9416
Score: 6
Strategy: Bullish breakout
Polygon Matic Long Buying opportunity for the next bull run.
Retracement to Fibonacci 0.618 is met.
Moving Average 200 is retested to confirm upward trend.
trendline level is respected over and over throughout the years.
I still think that BTC is going lower towards 36-35k which will create another buy opportunity.
Matic : A Lucrative Buying Opportunity For the Next Bull Run ?Based on my technical analysis, I'm convinced that MATIC has entered a prime accumulation zone, presenting a potentially lucrative buying opportunity in the range of $0.71 to $0.61. While I readily acknowledge that you will never know when the downside will be over, I firmly believe that the current price represents an attractive entry point for anyone interested in accumulating MATIC. This consolidation phase, as evidenced by the price action, could very well precede a significant upward move, making it a potentially opportune time to acquire a valuable position in this promising cryptocurrency.
Please note that this is a very longterm trade, If you want to accumulate buy only spot.
Polygon predictionThis is just my idea. I’m a long term holder. If we hold the lows we’re going to the moon. Price action is going to be key these next couple weeks. I’m very bullish on poly. Secure the bag and risk what you can afford to loose
Matic Breakout TargetsMatic is primed like the rest of the falling wedge alts.
Not much of a patter trader but these look delicious.
First target the Point of Control (white line)
Second Target - Imbalance above the Value area high (blue line)
Third Target is a special surprise
Happy Trading
MATIC HARMONIC PATTERNMatic possible Harmonic pattern.
Downside is also very likely beacuse of a BTC top.
Crypto Altcoin Gem. Polygon(MATIC)I'm sure your all scrambling looking for the next crypto coin that is going to make you some expediential returns. Well here I Have Polygon (Matic) coin that I will be keeping a eye on. With a bear market likely to carry on for the next few weeks or months, ill be patient with this coin and were likely to see it drop to the 0.7500 area. when we reach this support area which I believe will coincide with the beginning of a extreme and lucrative bull run in the crypto markets, were likely to see a increase of around 100% on this coin.
MATIC MIGHTMATIC/USD and MATIC/BTC
- Both reaching into oversold levels on the RSI
- Both in parallel channels & near or at bottom
A long term accumulation window may be opening here
Its very important to review my TOTAL 2 and TOTAL 3 Altcoin charts which shoe that a secular bull run for alts is more probable between Dec 2023 and Mar 2024.
Regardless now is the time and over the next 6 months to be considering accumulation for LONG TERM trade.
Polygon (MATIC) Poised for Further Growth
CRYPTOCAP:MATIC is exhibiting trends similar to Ethereum. Currently, it's trading between support levels of $0.86–$0.887 and resistance at $0.91–$0.928, though this may not last long.
An upward movement for Polygon seems more probable. Buyers are eyeing the $0.97 price point and the key psychological level of $1. Overcoming this level could significantly accelerate MATIC's growth.
A temporary correction might bring MATIC down to support zones at $0.811–$0.834 and further to $0.796. Any further downward movement would depend on the overall market trends, particularly those of Bitcoin.
MATIC Price Analysis: Gearing Up for a 33% SurgeMarket Context: MATIC shows recovery, aligned with positive market sentiments post-Bitcoin Spot ETF approval.
Technical Structure: A rounding reversal in the weekly chart hints at an imminent rally towards $1.33.
Current Status: Despite a 17.35% drop last week, MATIC is rebounding, supported by a 12.51% weekly rise.
Volume Indicator: A significant 64% increase in 24H trading volume bolsters the breakout potential.
Resistance Challenge: MATIC faces a tough resistance trendline around $1, pivotal for the rally’s continuation.
Price Movements: Trading around $0.9013, MATIC exhibits bullish signals in the daily chart.
Technical Indicators:
RSI: Indicates a stable trend above the midpoint, devoid of bearish divergences.
MACD: Positive crossover above zero, but fluctuating histograms suggest caution.
What was the impact of Grayscale's decision to remove Polygon?The Impact of Grayscale's Fund Rebalancing In a surprising change of events, Grayscale has pulled Polygon (MATIC), a $8 billion crypto project, from its Digital Large Cap Fund. The decision was stated in a recent news release in which the corporation reported its most recent fund rebalance. Grayscale's move to sell off portions of the fund's present components depending on their weightings has had a substantial impact on Polygon (MATIC), which was excluded as a result.
Polygon Going up in a channel? (Currently at Bottom)Seems Clear, will it outperform Solana? It could also break down from here cause it has several hits in this channel already on both ends and near the middle...
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
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
MATIC Price Analysis: Eyeing a Bullish SurgeCurrent Scenario: MATIC price is showcasing a bullish potential with a recent retest of the $0.96 breakout point.
Recent Performance: After a minor pullback, MATIC has rebounded, indicating a possible resurgence in bullish momentum.
Key Level: Overcoming the $1 barrier could solidify it as a strong support level, enhancing bullish prospects.
Market Sentiment: There's growing optimism for MATIC, with predictions of reaching as high as $2 in 2024.
Volume Analysis: The increase in trading volume alongside the price rebound suggests strong market interest.
Technical Resistance: Higher price rejection hints at substantial overhead resistance, potentially slowing the upward trajectory.
Double Bottom Breakout: The retest of $0.96 aligns with a double bottom breakout, bolstering bullish expectations.
Technical Indicators:
RSI: Indicates a possible turnaround with a move above the mid-line.
EMA: The golden crossover in the daily chart supports the bullish trend.
Price Targets: Following the Fibonacci extension, MATIC eyes potential levels of $1.20 and $1.50.
Risk Factors: A drop below the $0.96 range could escalate selling pressure, leading to a test of the $0.90 level.
Overall Outlook: MATIC’s current trajectory suggests a bullish trend, but market conditions and resistance levels will be key determinants.
MATIC Price Shows Potential for a 50% Rally in Early 2024Current Scenario: MATIC price recently experienced a bullish breakout but is currently undergoing a retest of the $0.96 level.
Recent Performance: After a strong 35% rise in just a week, MATIC's price struggles to maintain above the key $1 mark.
Retest Dynamics: The ongoing retest is characterized by lower price rejection, hinting at a possible successful retest.
Future Prospects: Post-retest, MATIC could potentially continue its bullish run, aiming for the $1.50 milestone.
Technical Snapshot: MATIC's price has shown resilience, bouncing back to $0.9855, limiting its intraday fall to 1.81%.
Volume Analysis: Reduced trading volume during the retest phase may augment the chances of a bullish reversal.
Technical Indicators:
MACD: Indicates sustained positive alignment despite a slight dip in bullish momentum.
EMAs: The bullish crossover between the 50-day and 200-day EMAs suggests potential dynamic support.
Fibonacci Levels: Trend-based Fibonacci extension points to possible targets at $1.20, followed by $1.50.
Downside Risks: A fall below the $0.96 level could amplify selling pressure, potentially testing the $0.90 mark.
Overall Outlook: The MATIC price analysis remains optimistic for early 2024, with signs pointing towards a significant rally if the current retest phase concludes successfully.
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
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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Polygon- an upside trending cryptoIt almost broke out with a nice volume. The symmetrical pattern has already formed where ABCD waves has completed. The last leg E has to go further down to a level of around $0.75-$0.69 from where the next rally begins.
The price has supported 200ma and 50ma. One of the good reason for the upside trend.
This is my only prediction. Not for trade. DYOR
REACCUMULATION FOR MATIC!The gains for MATIC can be huge.
After overcoming the weekly ichimoku baseline and taking it as support, MATIC should now go to higher levels.
The 1.618 level is already a 170% gain. Unless the pattern would become a distribution one, which right now does not seems to be, MATIC can really exploit.
The X.618 religion is back!
Polygon: The Token of Choice for Institutions !MATICUSDT is showing strong signs of bullish momentum and has the potential to reach significant new highs in the coming months.
Here are some of the key factors that support this bullish outlook:
MATICUSDT is breaking out of a long-term consolidation pattern. This suggests that the bulls are in control and that the price is likely to continue to move higher.
MATICUSDT is trading above all of its major moving averages. This is a classic sign of a bull market.
MATICUSDT is benefiting from strong fundamentals. Polygon is a leading Layer 2 scaling solution for Ethereum, and it is experiencing rapid growth in adoption.
Based on these factors, I believe that MATICUSDT is a good investment for the long term.
Here are some specific price targets to watch for:
Downside target: $0.69
Upside target: $ 1.69
Fair Value: $1.00
Please note that this is not financial advice and you should always do your own research before making any investment decisions.
I hope this information is helpful. Please let me know if you have any other questions.
