MATICPERP trade ideas
MATIC - RISING WEDGE TO DOWNSIDE - $1.20 IMMINENTmatic breaking down like everything else, looking for a downside target from where the wedge started at around $1.20
stay safe and have patience
not trading advice
tg
1.19.22 MATIC Ive been experimenting with the strategy of going long and short at the same time, in a way.
I know theres a name for this strategy but im forgetting it at the moment.
Anyway this strategy has been very successful for me so I am trying to document it more because I've been opening a lot of trades at the same time and its becoming hard to keep track of them all.
BTC dumped but is still showing a little strength for a bounce.
The DXY is pulling back a bit and SPX is still selling off.
I feel very soon crypto will get a big rally.
MATIC looks decent enough to take a shot at it. very low leverage (2x) and tight stop.
Theres a harmonic pattern too on the 4hr.
So in a sense we are playing both sides as you should when trading because the market is always moving in both directions. You're going to lose money no matter what so the best option is to mitigate losses. Ideally you're building up small amounts of profits over time.
We long support and short resistance. BUT ALWAYS with an edge.
There are two short positions there because I will add to my positions there. If the trend breaks resistance I will cut my shorts and ride the profits of my longs.
MATIC USD : Head and Shoulder's Pattern 1D TimeframeMy warm greetings to everyone
Nice to meet everyone who is looking for These Ideas. I will be glad to hear your opinion about this.
MATIC fell down from his last max $2.9 to $2. The Trend Line is near $2 and there are head and shoulder's pattern on 1D timeframe
If it drop under the $2 support zone and find its place under of it, we will see MATIC at $175 and even at $150.
SELL at $1.9
TP1 50% at $175
TP2 50% at $150
SL at $2.2
Be sure to use stop loss in your positions.
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you.
MATICUSD D1: DISTRIBUTION / 50% correction(SL/TP)(UPDATE)Why get subbed to me on Tradingview?
-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates
🎁Please hit the like button and
🎁Leave a comment to support our team!
MATICUSD D1: DISTRIBUTION / 50% correction(SL/TP)(UPDATE)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
NOT a setup to SHORT MATICUSD . Just showing
signs of weakness and recommend to stay out
of this market into the pullback.
🔸 Summary and potential trade setup
::: MATICUSD D1 chart review
::: not a great looking chart
::: hit top / resistance of the bullish channel
::: also noteworthy divergence
::: price/ RSI div very clear on D1/H8 TF
::: distribution price fractal
::: re-test of bullish TL (yellow)
::: expecting correction/pullback mode
::: pullback required to attract
::: new buyers from the lows
::: 30-40% pullback possible next
::: 4-8 weeks in Q4 2021 / Q1 2022
::: right now limited upside
::: positions traders should wait for
::: better entry prices later after
::: correction MODE up next
::: be careful don't get caught up in this
::: also overextended right now
::: BULLS remain on sidelines and
::: be ready to BUY LOW later
::: recommended strategy: SHORT SELL RIPS/RALLIED
::: TP BEARS is +40% gains
::: BULLS stay out until correction is over
::: BULL seek to reload near 1.0 USD
::: 1.0 USD strong / horizontal S/R level
::: SWING TRADE: SHORT/HOLD IT
::: correction run not over yet
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION
::: Sentiment short-term: BEARS/CORRECTION
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
MATIC 2nd Head & Shoulders Pattern???Chart is self explanatory. Regression Trend set at 2 Stan Dev. I am short for trading but long for investment. I currently don't see the major H&S playing out unless the entire crypto market shytes the bed. The first one worked like a charm. Loved how this has held up, relative to the alt coin spectrum, over the past month but seems to be losing it's staying power over the past week or so. I have the same feeling on ATOM. Good luck and I don't know SH_T about F_ _K so this is not investment advice. peace.
More Matic. More Gann. Jan 30This is an update from my previous analysis on Dec 23. I've been drawing this Gann box for a few months and I have been able to trade some of the highs and lows based on my assumption that Matic will break out into the Gann and Fibonacci extension levels on or around Jan 30th. I use Gann boxes because of its relationship to time and market geometry. Feel free to zoom out on the page and study how I drew this box. If you like triangles, wedges, and trendlines, then a full-blown Gann box has everything you are looking for. Overlapping a Fib retracement box gives even more layers of geometry. Let's see what happens.
Not financial advice. Do your own due diligence. Have fun!
MATIC = LONGMatic can do MAGIC....just buy and hold till mid-March.
Recommended to Buy on 18th Jan 2022.
Like this idea ? Please do a thumbs up. Thanks for watching.