#Matic Elliot's ScenarioIn the daily and weekly time, it is moving in an upward channel for a while, and the current wave is the 5th wave of the 3rd wave. This larger cycle should not enter the range of 60 cents, in which case there will be an overlap and the analysis will be invalidated. But in the bigger time, which I will present after completing the current step, we will examine the possibility of a bigger super cycle that will also form a flag.
MATICPERP trade ideas
longs for matic (entry ideas)In technical analysis, a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines—the pennant—followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole
$MATIC INVERTED HAMMER GREEN CANDLESTICKCRYPTOCAP:MATIC is printing an inverted hammer green candlestick on the 1 hour chart.
The Green Inverted Hammer is also known as a Bullish Inverted Hammer, it is a candlestick pattern that suggests a change in the current market trend. The Green Inverted Hammer is the opposite of the Red Inverted Hammer. The Green Inverted Hammer implies a bullish reversal signal, whereas the Red Inverted Hammer is seen as a bearish continuation pattern.
MATIC bullish continuationHere's a quick in and out for the day.
So Matic just completed a correction, and continuation to the upside is expected from here based on the count and entry is at 1.1881 TP is not set yet as we might continue mooning till ATH's.
NFA as always, awesome trading..
$MATIC is big ship, moves deliberately. Possible 13%-100% RunBig market cap, big ships, don't always move the fastest but if you look at the DAILY chart it's not a bad prospect for a steady UP trend for the next 4 months. CRYPTOCAP:MATIC has broken above the channel but it needs a few more days of consolidation it seems and then hopefully more UP.
Long MaticMatic looks to be breaking this larger and longer-term Cup and Handle neckline. Additionally, all of my proprietary blend of signals are flashing green rn. And finally, we have the bulk of our trading volume on the underside. Final target will be $1.75 with profit taking along the way. SL can be somewhere just below that descending blue TL, adjusting into time. RRR is 3/1 on this one.
Leveraging Bearish Divergences to Ride Polygon Matic's MomentumPolygon Matic is one of the hottest altcoins right now, no doubt! We're feeling pretty optimistic too, eyeing a (tentative) target price of around $1.70. However, we're not jumping on the bandwagon blindly. We've spotted some bearish divergences on the OBV, but that's cool because it's giving us a smart move to make! We're gonna play it smart, wait for a dip, then hop in with a Buy-Limit-Order just above $1.10 to catch that upward trend. So we're turning that bearish signal into an opportunity to boost our risk-reward ratio.
Riding the Fibonacci Wave: A Strategic Approach to Price PolygonTitle: Riding the Fibonacci Wave: A Strategic Approach to Price Targets
Introduction:
In the dynamic world of financial markets, traders are constantly seeking reliable tools to forecast price movements and identify potential reversal points. Fibonacci retracement levels have emerged as a popular and versatile technical analysis tool, providing traders with a systematic approach to understanding market trends. When applied judiciously, Fibonacci retracements can offer valuable insights into potential price targets, enabling traders to navigate the markets with increased precision.
The Ascent: Riding the Fibs Upward:
As an asset experiences an upward trend, savvy traders often turn to Fibonacci retracement levels to gauge potential resistance and project future price targets. By applying the Fibonacci retracement tool from the swing low to the swing high, traders can identify key levels where the asset may encounter resistance during its ascent. The retracement levels, such as 38.2%, 50%, and 61.8%, act as potential support zones, offering strategic entry points for those looking to ride the upward momentum. As the asset climbs, traders closely monitor these Fibonacci levels, adjusting their positions and leveraging the insights provided by the Fibonacci retracements to optimize their risk-reward ratios.
The Descent: Navigating the Retreat:
However, markets are inherently volatile, and trends rarely move in a straight line. Understanding the potential retracement levels during a pullback is equally crucial for traders seeking to maximize profits and minimize risks. As the asset retraces from its peak, traders can utilize Fibonacci retracement levels from the recent swing low to the swing high to identify potential support zones. These levels, including 38.2%, 50%, and 61.8%, serve as crucial areas where the asset may find support before resuming its upward trajectory. Traders employ a disciplined approach, combining Fibonacci retracements with other technical indicators, to validate potential reversal points and make informed decisions as the market retreats.
Hitting Targets: Precision in Profit-Taking:
Successfully navigating both the upward and downward movements using Fibonacci retracements allows traders to set precise profit targets. By strategically placing take-profit orders near key Fibonacci levels, traders aim to capitalize on market movements with a calculated approach. This method provides a structured framework for profit-taking, allowing traders to secure gains as the asset hits predefined Fibonacci targets. In this way, the combination of riding the Fibonacci wave upward, navigating the retracement, and hitting profit targets offers traders a comprehensive strategy to enhance their trading success in the dynamic world of financial markets.
MATIC Polygon 6 hour chart Bearish Divergence MATIC POLYGON we failed to put in a higher RSI on the 6 hour chart. Money flow appears to be trending downward, and we may have double topped. I could see a retest of the bottom trendline of the larger equal triangle form on the weekly chart. With the break above the upper trendline on the weekly chart, I'd expect a coiling up leading to expansion that I don't recognize on the charts. Shorts should be out by now with the break of the upper trend, and nothing is happening to the upside. I'd like to be wrong and see the price move upward. I exited my MATIC position about 12 hours ago, and I am not shorting. One, because it's over the 200 MA and in the U.S, futures trading is not available or I might. Just for disclosure purposes.
MATIC Weekly Chart 21 EMA Crossing 55 EMAMATIC Polygon has broken out of the upper trendline of an equal triangle it has been in on the weekly logarithmic scale. The RSI has been relatively flat making the price higher and RSI lower in the recent trend. Money Flow is on the rise. Clearly a Bullish trend if we can back test and hold support of the upper trend line. I'm cautious!
I opine the current monetary policy in the U.S. doesn't support new buyers in the crypto space or any other risk asset. I realize crypto is traded globally, but who are the buyers pushing up the price? I exited my MATIC position 12 hours ago and intend to wait for firm retest of the upper trendline, and I'm not shorting above the 200 MA.
What am I missing that is preventing me from going all in with this Bullish setup? Please comment and I, We might learn something. I consider myself a novice only being in the space for a few years, and I just don't trust my TA.
Peace
MATIC (Y24.P1.Video1).Finding levels of impportanceHi Traders,
This one is good for those who want to find levels of importance which is our groundwork prior to trading the levels using SFP's or Failed Auctions.
On the macro perspective, we use other strategies that is not covered here but again, these levels played the role for decisions.
We used 3rd party tools as well and maybe there are scripts here on Tradingview that also do the same. I know there is some but how well they do it, I have not checked.
Moving forward, if you want to ask questions about this approach, I will point you in the right direction.
All the best,
S.SAri
Current resistance, VAH
completed
MATIC long term targets#MATIC #MATIC_LTA
weekly symmetrical triangle formation?
here are the potential targets based on the previous rise and fall cycle:
6.5$ area
12.4$
17.8$ - 29$
90$ - 113$ area
240$ (very optimistic tp)
Possible UP break of the MATIC channelIt's a pretty clear situation. MATIC has picked up recent bid and it's against the top of the channel going back some time, so IF MATIC breaks that channel I think there is a significany UPSIDE in this market.
$MATIC My First Elliot Wave ChartThis is my first attempt at using Elliot Wave Theory to make a price prediction. This one on MATIC. This is the daily chart. Let's see how it plays out. MATIC just made a big jump to the upside. Please feel free to offer advice or commentary as I'm just starting to publish ideas. I often get things right, but struggle to trust my own analysis. I am holding MATIC as a disclaimer.
NFA DYOR
KOG CRYPTO - MATICUSDWelcome all,
We're testing out some Crypto using our unique strategy and applying the algo. We're already running the test on this since last month so far running at 10% gain locked in.
It's a test at the moment, let's see how they perform.
As always, trade safe.
KOG
MATIC Price Eyes $2 With This BreakoutBullish Reversal Above $1: MATIC's price surpasses the crucial $1 mark, indicating a strong bullish momentum in the market.
23.60% Fibonacci Level Breakout: Polygon (MATIC) showcases a bullish breakout, surpassing the 23.60% Fibonacci retracement level, signaling potential for further gains.
Potential Bull Run to $2: The current trendline breakout and market dynamics project a possible uptrend towards the $2 mark.
New 52-Week High: MATIC achieving a new 52-week high suggests strong investor confidence and market sentiment towards Polygon.
Double Bottom Breakout: This chart pattern indicates a significant bullish reversal, enhancing prospects for a sustained bull run.
Support from Tech Giants: Meta's selection of MATIC for Instagram’s digital collectibles and Google Cloud's ownership highlight institutional support and confidence.
Challenging Overhead Resistance: MATIC is poised to challenge key resistance levels, fueled by the current bullish momentum.
Increased Trading Volume: A rise in trading volume supports the bullish trend, indicating heightened market activity and interest.
Daily RSI Approaching Overbought Zone: The RSI nearing the 70% mark reflects growing buying pressure and bullish sentiment.
Trendline Breakout to $1.5 and Beyond: The trajectory towards the $1.5 mark sets the stage for MATIC to target the $2 barrier, backed by strong technical indicators.
Will MATIC price Reclaim $2Quick Recovery and Challenge to Descending Trendline: MATIC's price has shown resilience with a quick recovery, challenging the descending trendline that has been in place.
Remarkable Weekly Jump: Last week, Polygon (MATIC) experienced a significant jump, increasing by 19.63%, signaling strong bullish momentum.
Potential Breakout of $1: The recovery and bullish revival hint at a possible breakout of the $1 mark, setting the stage for a continued uptrend.
Momentum Gain Amidst Market Recovery: This month's bullish turnaround for MATIC indicates growing momentum amidst broader market recovery.
Rounding Bottom Formation: A rounding bottom formation in MATIC's price trend suggests a bullish 2024, with potential for reclaiming $1 and setting new 52-week highs.
Weekly Chart Developments: The weekly chart shows a rounding reversal, indicating a momentum shift with a challenge at the crucial $1 psychological level.
Double Bottom Pattern Indication: A potential double bottom pattern with a neckline at $1 suggests a trend reversal, supported by a 34% increase in trading volume.
Current Trading Position: MATIC is currently trading at $0.9952, on the cusp of breaking above the $1 threshold.
Path Towards $2: The expected breakout rally could propel MATIC beyond $1, with Fibonacci levels indicating potential targets of $1.3370 and $1.6315, and the momentum possibly pushing the price to $2.
Risk of Retest Phase: A swift descent below the $0.96 mark could trigger an increase in selling pressure, potentially dropping the price to the $0.85 level.
$MATIC Head and Shoulder, But Which Way?Here we have one with lots of drawings.
On the bigger picture, in daily timeframe, I see a Head and Shoulder formation with neckline retest. Let's remember Head and Shoulder:
✅ Downward slopping neckline tends to bring the biggest price move (visible on daily)
✅ Highest volume is at the head or at the left shoulder (it is at the head in this case)
✅ Volume falls after the head, lowest volume is at right shoulder (it is)
❌ Volume after breakout is high (it's not, yet)
If this formation works, the best scenario of the worst scenario is that the 0.5992 line is going to support the price. If not, we might see as low as 0.5245 and even 0.4766.
Let's talk about the reverse Head and Shoulder in 4 hour timeframe, though.
❔Upward slopping neckline tends to bring the biggest price move (not happened)
✅ Highest volume is at the head or at the left shoulder (it is at the left shoulder in this case)
❔Volume falls after the head, lowest volume is at right shoulder (hmmm.. mehh.)
❔Volume after breakout is high (it hasn't happened yet)
▶️ In addition to these rules, "many H&S patterns are more complex and contain other patterns within them." (shout out to barbara rockefeller)
If the price at or after the 4 hour February 2, 7 AM candle bounces back up from 0.7898, it can create a mini cup and handle. Furthermore, if the bounces up from 0.7654, it can create a double bottom; however, this formation is accurate as a reversal pattern, not as a continuation pattern, so it may not be reliable in this case. Either way, 0.7654 is going to be an important support line.
Last scenario in my mind is that the price is just going to keep consolidate in sideways range and we will forget about these heads and shoulders. The math based indicators are more on this side in my opinion. Fundamentals can help the market decide that.
I wish everyone profitable trades.
this is not a financial advice in any sort of way.
MATIC LONG SET UP/ETH PUMPING Yooo!
These are my set ups for matic I'm anticipating a huge move on matic simply just looking at market cipher b up to 2.1!!!
Eth as well we can be seeing eth back up to 3100 back to the value area low of the bull market the ATLS are ready to run!
Did you stock up on your favorite cryptos!
Long Matic to $1+For my final long (sorry tradingview followers as I have only had the time to post a few of my trades here but you know where to find the rest), I chose Matic. Nice little cup and handle. Above VRVP POC and above all SMAs. Entry was .86. Final target is 1.03 with profit taking at .94 along the way. SL is .80 with a rrr of 3.5 to 1.
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.
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.
