Polygon (MATIC)Polygon needs no introduction; a versatile platform which offers various solutions. Recent news about collaboration between Google Cloud and Polygon shows where this project is headed. Technical-wise, Polygon is moving in a upward inverted wedge. Have to wait and see if price can break the all time high (the double top level). Let's see what happens.
MATICUSD trade ideas
Measured move of the MATIC flag poll is 16,300% $138 May 5th '25If this is not a bearish retest of the bull pennant breakdown and MATIC regains the level, it would be a fakeout.
The measured move of the 16,300% flagpole is $138 May 5th 2025, depending on when it breaks out.
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Please observe after a series of Higher Highs and Higher Lows, (Polygon)MATIC is consolidating in an ascending triangle around a key level.
Please observe the FIB levels.
If price can move with momentum out of the triangle we *may* have *bullish* activity and price targets would *possibly* be the hypothetical FIB levels. Also, a golden cross may be on the horizon with the 50 and 200 SMA, sometimes after golden crosses there can be a correction but upward movement until the next cross. Please be careful have a great day.
maticmativ technical analysis basically on elliott waves principle
matic can be make a new high as a ATH on 5.70$
wait and watch
MATIC/POL Wycoff Accumulation Have been monitoring MATIC for quite some time and needed time to confirm, however, I now believe this Wycoff Accumulation has been confirmed and that MATIC is on it's way to new highs by Summer 2025.
Another hurdle The short term trendline was breached and the MACD had a bullish crossover but please observe the supply zone that may act as a resistance and possibly push price back down. Let's wait for the candle to print and see.
Have a great day
Uphill struggleI hope all is well.
Polygon at this time needs to break the short term downward trendline and stay in the upward channel. Also, it needs stronger RSI levels and MACD needs to do a bullish crossover.
Be safe have a bless day
Supply Zones and Demand ZonesGood day Team
I hope you all are well.
Paper Trading I do not have money like you rich people on here. Lol :-)
Here we have POLYGON on the day chart, it seems the currency is in a supply zone close to a resistance and last candle was a long wick candle indicating a struggle between buyers and sellers. RSI looks like it is reversing from the overbought area. We theorized a possible pull back to one of the DZs (demand zone) below. Let's watch these candle prints and be very careful. Have a great day!
Diametric pattern formingthe price is likely forming a bow-tie diametric pattern and at beginning of wave F.
MATICUSD showing strengthHello,
Today we look at MATIC.
- MATIC is still in strong support zone, not yet broken out.
- It is also battling 21 weekly EMA. If it manages to cross up, it is a very bullish sign.
- It is in a bullish divergence (RSI making higher low while price makes a lower low).
- Volume has increased in the last weeks, showing potential that bottom is in.
- RSI got up above 43 and tested it as support. RSI cross above 43 has always showed to be bullish.
Resistance levels:
- 0,75 USD
- 1 USD
- 1,3 USD
Remember to take profits along the way. Do not be too greedy. Success is a series of small(er) wins, not one major win.
Make sure to check my other posts, all are still valid.
XLM has already made x2 since my post, DOT is up 50%...
Not a financial advise. Do your own research.
Good luck!
POLYGON on the move?Is POLYGON breaking out of Wedge like structure while breaking above 200 EMA? Please be careful RSI is around 70 and SRSI reaching overbought zone and bullish candle did not yet finish printing on the daily. Also, cm_macd_ult_mtf(MACD) is very positive for holders.
Have a great day?
POL/MATIC is bullishNote: The name of the MATIC project has been changed to POL.
It seems that wave E is diametrically over and price is entering wave F. Wave F is bullish.
The main target can be the red box.
Closing a daily candle below the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
POLY-MATIC Swing Long Idea - Altcoin SeasonMATIC/POLY is one of the leading Ethereum Layer 2 chains. We haven’t seen an ETH rally yet, so ETH-based coins (ETH betas) are currently underperforming. However, I recommend considering a small position to potentially catch an ETH pump, as these ETH-based coins have significant technical potential.
Technical Analysis:
The price ran the 2022 low and the 2021 March low, generating strong bullish momentum. The run on the 2021 March low is particularly significant because that low initiated the 2021 bull cycle for this coin. I believe this level represents the maximum pain point for MATIC, and most paper hands have likely exited after this level was swept.
Following this move, we observed strong bullish momentum, and a few days later, the weekly structure shifted to bullish, creating a weekly demand zone, which I have marked on the chart. Recently, the bearish trendline responsible for the downward trend since Spring 2024 was broken, and we also have a daily demand zone just below the trendline.
I believe the price may retrace to the daily and weekly demand zones, possibly retesting or deviating slightly from the trendline before taking off. This area also aligns with the Fibonacci equilibrium (discount) zone, which adds further confluence for a reaction from there.
I will look for LTF confirmations before initiating the setup.
SL: $0.27 (daily close below)
TP1: $0.78 (2x from the entry)
I plan to carry this position until the end of the 2025 altcoin bull cycle and will not take profits from this trade. However, I strongly recommend taking some profits while the price rises. My risk management strategy is unique and may differ from yours.
MATIC longcould have potentially found some support here. the run from .01 was so big needed time to cool off, looks like its dispersed enough to start another climb. if the market enjoys a run then targets above
Can MATIC Recover From Its Losses?The crypto rally is not over yet. Some altcoins that have come under fire also appear to be attempting to recover. MATICUSD, for example, has stabilized at the lows of June 2022. The price target for our long trade is below the 38.2% retracement of the downward movement since March 2024 and has therefore been chosen conservatively.
MATIC (Polygon) Down Channel BreakBreak of the down channel on this 4hr timeframe with an added support of the 200MA in white.
I think this could be the start of a reversal for MATIC as the market is beginning to heat up.
Very cheap still right now.
Bullish on 4Hr and Daily, Weekly so on, timeframes.
Break Out NeededPolygon technically needs to break out it's short term trend line and stay above it's support, for hopeful bullish activity.
MATIC possible break out 1 hr TFPlease observe possible break out of descending triangle on hour time frame. Please observe healthy RSI levels.
Is a reversal on the horizon?Polygon had a correction on the 12 HR TF. But price seems to be forming around the 50 % FIB level and key support level with the cm williams vix fix indicator flashing green alluding that the bottom is forming or in. Price is also forming around 50 EMA. The SRSI is in the oversold area also, There is a possibility but not certain that a reversal maybe on the horizon.
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WARNING -------BABYDOGE Is About To Go ------PARABOLICMartyBoots here , I have been trading for 17 years and sharing my thoughts on BABYDOGE.
BABYDOGEis looking beautiful , very nice chart for more upside when this base breaks out
Very similar to MATIC back in 2021
Do not miss out on BABYDOGE as this is a great opportunity
Watch the video for more details
Polygon 2024-NOV-12Let's see what happens.
If we copy the scale of movement from previous cycle, bull run should start within ~3 weeks and it should end with price range ~30 USD.
I think however, that ATH for PSX:POL will ends something around $10 - $11.
Matic(Polygon) Long term Short TargetsMatic clearly demonstrating a downtrend and Crypto winter is not yet over !
