Downside SlopingThe Polygon (MATICUSD) is currently sloping downward and my take on this is to wait till 121 INR and if it crosses below that then look for 117 INR and again if it crosses below that then look for 114 INR because that these three levels are very much important on a daily time frame.
114 INR is turning point. If it crosses below 149 INR then it may go deep down.
MATICPERP trade ideas
MATIC update 1.50 entry confirmed now ready for 2.5 and $3.00Got my entry now look for it go stay above the vwap @1.75 it will be ready to go. Be cautious below it
MATIC - Bounce time!?MATIC is in a good position to bounce at 8h TF. As you can see we`ve also got TD4 on this interval, bounce on the flow is possible ..., of course it is necessary to monitor what is happening with the BTC, as it can pull the price behind it despite the good setup.
An excellent indicator is available to you here:
MATIC primed for upsideThere appears to be a hammer candle, and MATIC is currently using 1.75 support. It could fall to 1.50 range as the next level of support.
Confluences:
Market structure of Higher Highs and Lower Highs
Hammer candle indicating bullish move
Breaking through 1.75 then using it as support.
Risking 20% (to 1.42) for 60% (to 2.82).
MATIC upside incomingMATIC sitting between 0.50-0.618 level, reloading upside and may print another ATH if the bull cycle continues.
$MATIC TAFIB
TRENDLINES
KEY LEVEL 1.80
When $ETH Breaks out into price discovery in Novemeber, expect MATIC to follow strong.
Matic provides scaling for ETH network as a layer two. It is also being used for NFTs and Crypto Gaming
MATIC: Consolidated at PRZ, momentum squeeze, volume shiftMatic is exhibiting some strong signs of an imminent upside move.
MATIC retest of 1.60 possible thereafter $3.50 ATH comingMATIC had agood clean breakout now pausing at $2.00 mark. It could very well be testing 1.60 level in coming days before taking off to higher levels and possibly breaking all time highs again.
MaticEntry 1.95 or 2.05 which is abov upper reisatnce of thi masive triangle.
1.95 might be the first entry for a big push to 2.03
Break 2.03 this target is 2.44
If this turns into a large W patten the W neckline is 2.22
Lower support is 1.83$
MATIC on the short term rise?We seem to be experiencing higher highs and higher lows over the course of the last couple of days, and the support around the $1.87 - $1.88 has held fairly consistently. We may continue that upward trend in parallel channel, but will be break through the $1.96 - $1.98 resistance?
MATICUSD breakdown and support zoneA greater market move needs to pull MATICUSD with it, but right now I see room for a move downward to $1.83 or $1.63.
Polygon looking goodGreeting fellow crypto hounds. $MATIC Nice move up recently on good volume to settle in above a previous high. Appears to be consolidating and establishing a new POC around the 1.9 area as well as letting the 20ma catch up.
Looking for a continuation unless the general market hits some bumps. Likely to see some resistance in those previous high areas around 2.4 - 2.5 but I continue to be bullish on MATIC
I am holding MATIC in both medium and long term folios
Peace and Good luck
MATIC triangle patternMATIC presenting triangle pattern, be ready for price breakouts outside the charted limits.
Polygon (MATIC) - November 7Hello?
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(MATICUSD 1W Chart) - Mid-Long-Term Perspective
Above 0.681 point: Expected to create a new wave.
The wave cannot be considered complete and requires careful trading.
(1D chart)
In the CCI-RC indicator, the CCI line has risen above the +100 point, entering an uptrend.
We need to see if the CCI line can touch the EMA line and continue the uptrend.
If the price maintains above the 1.634-1.837 range, a move is expected to move higher than the 2.447 point.
The key point for this rise is the 1.443 point.
Therefore, if the price holds above the 1.443 point, we expect the uptrend to continue.
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(MATICBTC 1W chart)
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
MATIC Will support hold?MACD is looking to visit lower levels, before RED trendline is challenged.
Use the pitch fork and fibs for support.
Good Luck
MATIC: Short term downtrend for great buy opportunityLet me begin by saying I am VERY BULLISH on MATIC. But here and there price does come down and the technicals (4HR and Daily time frame) are showing a possible downtrend for MATIC for the short term. MATIC has made a double top with a very significant bearish divergence on MACD. If price falls below 1.85 look for price to fall back into a range between 1.65-1.50. There is also previous accumulation between the 1.80-1.75 level so we might only fall back to this level. If we are able to accumulate at the 1.80-175 instead of the 1.65-1.50 level, it will really showcase the bullish nature of MATIC. I am looking for accumulation around a certain price range to find a good entry and stop loss.
Trade safe and remember the market doesn't care about you!
MATICUSD intraday consolidationHigher lows over days. RSI has room for upside, but this price needs to hold or it breaks out of this trend, and there's not much resistance until $1.64.
MATICUSD COINBASE CAP AND HANDLE Here we see a cup and handle pattern on the MATICUSD 4 hour chart. If we see a candle close above the upper line of handle we would likely see a breakout possibly out of the ascending channel as shown. Please feel free to comment with questions or with your view of the chart. PEACE
MATIC AnalysisKept my work on this one as I continue to explore and learn new ways to analyze Crypto. While trying to find some consistencies I landed at a prediction of $1.37 on 6DEC2021. Would love to hear some feedback on other factors I might not be taking into account or other ways I could be analyzing this data. I’ll be keeping an eye on this one to see how it turns out.
MATIC 74 day cycle?Are we seeing a 74 day periodic trend in a triangle with MATIC? Are we possibly heading for another crash to $1.40 in mid December?
COINBASE:MATICUSD
MATICUSD intraday cup and handle4H pattern shows its probably not a scam wick. Wait for 1D close, but MATIC has always been a contender.
Polygon (Matic) To Retest ATH, Next $4.22 Polygon (Matic) Update 03/11/21: The last breakout from this tweezer chart formation gave us 77% gains, if this trend continues we can expect to see Polygon (Matic) above $3.69 and heading towards our target at the 161.80% fibs @ $4.22 (104% away from the current price).
Our current price Targets for Polygon from the current price:
127.20% Fibs at $3.47 (68% Gain)
161.80% Fibs at $4.22 (104% Gain)
227.20% Fibs at $5.66 (174% Gain)
461.80% Fibs at $10.80 (422% Gain)
Please see previous analysis below. Happy Trading :)
Polygon (Matic) Update 28/10/21: $1.63 was the last critical resistance which Matic has now flipped into support above the $1.77, it’s going to be interesting to see just how quick Matic retest it’s previous ATH set in May as Matic is currently only 48% away from $2.87, from here we have the following price targets:
127.20% fibs @ $3.47 (80% Gain from the current price)
161.80% fibs @ $4.22 (119% Gain from the current price)
227.20% fibs @ $5.66 (192% Gain from the current price)
Please see previous analysis below. Happy trading :)
Polygon (Matic) Update 23/10/21: Polygon (Matic) is currently 86% from the ATH @ $2.87 and 174% to the $4.22 target. From the current price we are currently 555% away from Polygon (Matic) at $10, we can expect to surpass this peak bull cycle it's going to be an explosion 🚀
Our current price Targets for Polygon from the current price:
127.20% Fibs at $3.47 (127% Gain)
161.80% Fibs at $4.22 (177% Gain)
227.20% Fibs at $5.66 (270% Gain)
423.60% Fibs at $10.04 (555% Gain)
Please see previous analysis below. Happy Trading :)
Update 16/09/21: Polygon (Matic) To Retest ATH , $4.22 Price Target @ 161.80% Fibs. Matic is looking extremely healthy currently trading just below the key support level at the 38.20% fibs. We are looking extremely healthy for a continuation trend back to the ATH at $2.87. Our target after a retest of the ATH is at the 161.80% Fibs at $4.22 (157% Gain from the current price level). Please see previous analysis below. Happy trading :)
Polygon (Matic) has found strong support @ $1. Since the May crash Matic has been on a slow downward trend from the top @ $2.85 and bottomed out @ $0.64. Currently Matic is trading @ $1.47 and if Matic can flip this key resistance above the 38.20% fibonacci level into support above $1.77, Matic looks poised for a big move (95% back to ATH ) from this support zone . 185% Gain to the 161.80% Fibonacci target @ $4.22. See previous analysis below. Happy Trading :)
Polygon (Matic) Script Buy Signal triggered EMA Crossover SMA Confirms the Bottom and Reversal in Price back to May Highs near the ATH (145% Gain). See previous analysis below. Happy Trading :)
Polygon (Matic) has found strong support @ $1. Since the May crash Matic has been on a slow downward trend from the top @ $2.85 and the bottom @ $0.64, currently Matic is trading @ $1.04. Matic looks poised for a big move (175% back to ATH ) from this support zone . Happy Trading
Polygon (Matic) Update: 05 /08/2021: To Retest ATH @ $2.72 , Next Stop $3.24 @ 127.20% Fibs, then $3.94 @ 161.80% Fibs and $5.26 @ 227.20% Fibs. 121% Gain from current price to the 127.20% Fibs @ $3.24. Matic has been performing extremely well despite the blood on the streets...See previous analysis below. Happy trading :).
$Matic $Polygon
See Previous Analysis Below:
Matic New ATH $2.70 🎯(80% Gain from Buy Zone) Update: 18/ 05 /21 See previous analysis below. Happy trading :)
Polygon (Matic) Update: $1.78 Target Hit. Next Stop $2 at the 161.80% Fibs. 20% Gain from current price level to $2. Next Target after $2 at $2.58, 54% Gain from the current price level. See previous analysis below. Happy Trading :)
Polygon (Matic) Update 14/ 05 /21: Matic in Price discovery , our next target price $1.78 at the 227.20 Fibonacci extension . Targets Hit $1, $1.30, Next Stop $1.35 (7% Gain). With this continued momentum to the upside, it is a 43% Gain from current price level @ $1.24 to the 227.20% Fibonacci extension at $1.78. See previous analysis below :)
Polygon (Previously known as Matic) Update 27/03/2021) poised to test another New ATH @ $0.67 (15% Gain) from the current price @ $0.58. On the 25th April the 13 EMA crossed up above the 50 SMA signalling a strong buy signal, Polygon gained 70% from this parabolic move back to the ATH levels which were tested last in early March. Our next price target from here is $0.80 (37% Gain) to the 161.8% Fibonacci level. See previous analaysis below :)
Polygon (Previously known as Matic) Update 25/03/2021) poised for another test of New ATH @ $0.67 (93% Gain)
Polygon (Matic) poised for another test of New ATH @ $0.67 (93% Gain). From Buy Zone 1 Matic has retraced 18% and is now sitting in our Buy Zone to DCA and accumulate. If we continue to retrace to the 23.60% Fibonacci level, expect an explosive move back towards the 61.80% Fibonacci level @ $0.43 (47% Gain). Since reaching the ATH we have failed to break past the 61.80% level but a further retracement to the 23.60% should get the Bulls back in the market and we can expect to finally break through this level after 4 failed attempts from the current ATH . Huge parabolic move still on the cards here, be patient, DCA if you are already riding the wave or look to enter for a potential 93%+ Gain. See previous analysis below. Happy Trading :)
Update 20/03/2021
Since reaching a new ATH @ $0.57 after a Buy signal came from our script, Matic retraced down to $0.32 and is currently sitting in our Buy Zone to re-enter Buys to DCA /Accumulate at the 38.20% Fibonacci level @ $0.35. We expect another huge parabolic move for Matic to test the previous ATH @ $0.57 and further push towards the 127.20% Fibonacci level @ $0.67 in search of a new ATH , there is a potential Gain of 93% from the current price level. Be patient use current Buy zones to enter or re-enter to DCA /Accumulate from the current price level. Current Stochastics show an extremely oversold market and we are confident Matic will be in search of new highs in the coming days. Happy Trading :)
Update 20/03/2021
Nice set up from Buy Zone 1, potential test of the 50 SMA before bouncing back to the upside. #MaticUsd
*Update* Matic has hit our 161.80% Fibonacci Target @ $0.58. Great buy for everyone that got in and accumulated more coins at the critical buy zone areas.
Polygon (Matic) Buy Opportunity! Potential 68% Gain. Great Performance throughout the past month from Matic, this cryptocurrency is showing very strong continuation bullish momentum with HH and LL in a bullish range growing just over 240% over the past month. Matic seems to have found some resistance short-term between the 61.80%-78.60% showing indications of a weak retracement. Buy zone from current price level at 50% ($0.37) Fibonacci level for a sniper entry, but will also be looking to accumulate more coins around the 50% Fib level. Wait for price action, further confirmation from Stochastics showing oversold market before entering any Buys. Potential 68% Gain from Buy Zone 1 to 127.20 Fibonacci Level @ 0.68. The road to $1 Polygon (Matic) is clear. Use buy zones to map out your buys and DCA to accumulate more coins.
What is Polygon?
Previously known as Matic Network, Polygon is a framework for building interconnected blockchain networks.
It seeks to address some of Ethereum’s major limitations—including its throughput, poor user experience (high speed and delayed transactions), and lack of community governance—using a novel sidechain solution.
Rather than being a simple scaling solution like its predecessor Matic Network—which uses a technology known as Plasma to process transactions off-chain before finalizing them on the Ethereum main chain—Polygon is designed to be an entire platform designed for launching interoperable blockchains.
Through Polygon, developers can launch pre-set blockchain networks with attributes tailored to their needs. These can be further customized with a growing range of modules, which allow developers to create sovereign blockchains with more specific functionality.
Key Notes:
The race is on to be the first interoperability solution to go fully live. Polygon’s proof-of-stake chain and Plasma scaling solution are live, but developers can’t yet launch their own standalone or shared security chains on Polygon until these features are released. Likewise, neither ZK-rollups nor optimistic rollups have been launched on the network, with Plasma currently the only scaling solution available on Polygon.
Polygon’s rivals are also rushing to go live with their offerings. As of March 2021, Polkadot has yet to launch public parachains; and while Cosmos’ Stargate upgrade has seen the launch of its Inter blockchain Communication Protocol ( IBC ), it won’t become fully operational until IBC transactions are enabled on the network.
