MATICPERP trade ideas
MATIC: Holding StrongIn addition to the giant triangle pattern formed on the weekly chart, MATIC has also formed a nice upward channel since mid-July. If this breakout plays out, the next MAJOR target would be $4+ in the next month or two. It can go higher, but for now, let's focus on reaching the 1.618 fib level.
This is not financial advice. These are just my ideas and opinions.
MATIC/USD set to break the intraday highs of $1.68Polygon price analysis is bullish today.
MATIC/USD saw another selloff overnight.
MATIC/USD is currently trading at $1.68
The triangle price pattern is bearish today, as we anticipate recovery to follow after another drop. Since the support level of $1.55 was recognized again, MATIC/USD should recover some of its losses during the next 24 hours.
The Awesome Oscillator displays red bars today, as MATIC/USD continues its drop. Since the triangle price pattern is bearish today, we should see MATIC/USD recover some of its losses during the next 24 hours. Losing another $0.2 against USD overnight left an impact on sentiment towards this cryptocurrency.
Move to $3 Can be SwiftHonestly I missed the recent breakout to the upside. Yet still in a value zone. I entered with just 1/2 position now since it is not at a strategic entry level. If you are already holding, then look for profit taking around $3. Buying on any weakness going forward is a good thing to do. Good luck.
MATIC NEW ALL TIME HIGHS ON THE WAYClassic cup and handle formation from matic
New all time highs are imminent
Happy thanksgiving guys
Matic BTC and USD 3d. Matic mostly naked alpha is in the chart. Quickswap DEX amazing.
Favorite quote I heard this week about matic and the quick swap DEX.
"Dragons do not pay for gas....we expel it"
POLYGON/MATIC 1DPOLYGON/MATIC USD
from bottom to top.
MACD- bullish crossover.
- oscillators going bullish
RSI - dipped under, then broke above, and
retested the 50 RSI level successfully.
Fibs - From the move that made the ATH it
retraced to the 0.786 fib and then bounced.
This rally created a swing high from the low.
That swing high then retraced to Golden Pocket
of the 0.618 - 0.65 fib. creating a higher low.
The next rally continued to the 0.236 fib and
retraced and bounced well from the AVwap of
the ATH.
Trade Frosty.
*This is not trading advice I just like to draw lines and color.
MATIC/USD CRYPTO FOR THIS WEEKMatic/usd has been giving good breakouts on multime timeframes, its a best buy for a week time period
MATIC: Getting Ready...I believe that $1.46 was a local bottom for MATIC, unless BTC continues to dump hard down to the lower $50K region, then I could see MATIC falling further below the .382.
Once MATIC passes the $1.91 region and holds above it, then I'd say put your astronaut suits on.
$4 - $6 is a reasonable end-of-cycle prediction. Anything higher is always possible, but I like to stay conservative.
This is not financial advice. These are just my ideas and opinions.
Short term bearishness on MaticRan into resistance on the 4hr 200sma and hit the top of the channel. Should be heading back down soon. The other 2 indicators you see indicate that it's slightly bearish but not too bearish. But yeah overall, looking pretty bearish. Also I see 1.45-1.43 being a good catch.