MATIC LONG, getting ready for a run!Both supertrends flipped bullish on the 4h and a clear bullish divergence between OBV and RSI. I expect a run to test previous highs.
MATICUSD.P trade ideas
MATICUSD still inside the triangleMATIC is still trading inside the triangle making LL. My feeling is it might break towards the downside, if it does so - I have buy limit orders sitting at 23.6 fib level.
I am very bullish on polygon as a project and would be loading up for long-term hodl pf.
MATIC/USDtaking a look at MATIC today. looks like MATIC has a motive wave up followed by an "abc" correction followed by another motive wave. At the moment i looks like MATIC is working on a "1-2". If price comes down on low volume to the .618 retrace, we have a potential set up for a move up. The .618 retrace is also located at the 50 MA on the 4 hour chart. If price breaks 1.3 id be looking for a larger "abc" to target 1.24.
trade safe,
Devin
The GOAT is BackMATIC bouncing hard off support and showing big relative strength today, hanging out near the high of the day, while the rest of the altcoins (incl. Ethereum) are near their lows of the day. Two large developments acting as catalysts:
September 14 - Announced partnership with EY's blockchain services division
September 17 - Announced that it will be listed on Bitfinex soon
Think MATIC has a good shot at breaking through the $1.75 level on the next retest
MATICUSD - up or down?Which way do you think it would breakout?
I am closely watching this to grab some at the 1.33 mark if it reaches there.
MATIC - Looks bullish to break ATH. DYORPerspective. DYOR.
MATIC looks bullish to break ATH.
The convergence of the below two ideas to take us to ath:
1) expanding wedge
2) head and shoulders
When two ideas converge, there is a little more confidence in the TA. Anyways DYOR . BTC can be volatile and bull doze all gains.
If you like this perspective,please like my idea.
Also, please follow me for more such ideas.
Polygon (Matic) To Retest ATH, $4.22 Price Target @ 161.80% FibsPolygon (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.
MATIC - as requestedJust a forecast.
IMO still a lot of room to the upside.
It is not a trading or investment recommendation
MATIC's MIGHTY MOVEShort, brief and to the point.
The chart speaks for itself, as represented by indicators with validaty of fibs and contexualised with fundamentals.
Conclusion': Long
Target - Re-assess trend sustainability at 1.67-1.68 region
Matic ROUND 2!This is a layer 2 solution for dApps built on Ethereum which allows traders to access, swap, exchange and stake ETH and ERC-20 tokens without the associated congestion and fees that plague the original smart contract platform. chart shows a lot of strength. We have been in a new accumulation zone since May and now it seems the price is now ready to go for new all time highs
I hope you found the idea interesting;)
Matic - Can we dip to $1?Support may want to hold here. But, I'd like to see Matic move closer to $1 before making an entry. What does everyone else think?
Technical Analysis for Matic/Polygon. I can be 100% wrong!Technical Analysis for Matic/Polygon. On the Daily TimeFrame, it has formed a Head and Shoulder Pattern, and can be a bullish signal.
But keep a check on the price margin that it should not cross below the given support (Fibonacci Level 0.23).
Things to keep in mind :
1. Check for a good "Volume" breakout FTX:MATICUSD
2. Check for Moving Averages
3. Relative Strength Index
I can be 100% wrong, this is not a financial advice , so please do your own analysis before you jump into investing!
Matic/perpDaily chart looking like it may bounce for a long inverse H&S to play out. Bought in @ 5% of my funds and waiting for a bullish engulfing candle before adding to my position. Stoch RSI is over sold territory. Also monitoring BTC on the daily for confirmation.
Support/Resistance I think that it will bounce back to the resistance level providing us with +30% profits. After that we have to see for confirmations, it is possible that the resistance will become the new support after some tries to break out.
