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MATICUSD trade ideas

Polygon: Quo Vadis, Polygon?Polygon has to make a decision: Where will it go after skidding down to the $2 mark? There are two equally attractive possibilities, well almost: There is a 45% change that it could head back home and fall under its support line at $1.44. At this point, it should hole up even more deeply below $1 and take a holiday at the yellow beach strip between $0.328 and $0.620. However, we rather expect it to take heart and go for another option. Our favored scenario features Polygon in action, rising up until the resistance line at $2.899 and aiming for even higher goals from there. So, our answer to the question “Quo vadis, Polygon?” is “Sursum!”
MLong
by MarketIntel
Bolster your MATIC coin count EVERY Monday!Yes, this article is about where to store the coin that powers the best platform for smart contracts and Dapps in Ethereum layer 2 solution format, Polygon (MATIC)! But for the uninitiated to unbanking yourself, here is a quick rundown on the Celsius application, which you should be storing your tokens/coins on. Celsius Network is reliable, easy-to-use, growing in popularity and regulated and licensed by the SEC and the U.S. Treasury. I know, surprising huh!? It is now in its 4th year. They do not spend time or money on big-money ads. They would rather pay us in interest every Monday! Word of mouth has been their main source of advertising... like I am doing now. They now have over 1 million members including me and my friends (fellow retired Air Force member) and family (my grown daughter). And so far, I see no safer way to earn 10.51% APY on your Polygon (MATIC). If you live outside the U.S., you could even boost your earnings to over 14% by opting to receive your interest in CEL tokens. But we live in Texas, so my daughter "settles" for a safe 10.51% in polygon that will soon double and triple in value. The interest is more MATIC coins! A win-win. They do have 41 tokens and coins they support including stablecoins (which pay 8.8% or more if you opt to be rewarded in CEL). I personally earn 13.99% on my SNX tokens on Celsius. It pays to check it out...and if you open an account, use my daughter's referral code: 1691390756 or mine: 189218504d Move at least $400 worth of crypto to Celsius.Network and after 30 days, we will both be rewarded $50 worth of BTC! This beats the hell out of any brick & mortar bank!
MLong
by tg-l
2
HODling Polygon: I have a planFirst, this is not financial advice. This is simply what I am doing for my adult daughter. I purchased $2500 worth of polygon (MATIC) (on the exchange that recently IPO'd and has a stock ticker symbol COIN) at just over $1.20 per coin and immediately started losing her money. I had wanted to catch the previous price tumble to $1, but I was too late. But, I wasn't concerned... I had a plan. Upon purchase, the big user-friendly-but-wallet-ugly exchange took coins as fees for the purchase. Then, the coin took a tumble with the overall market (typical crypto volatility of late) making me wish I had been even later to the purchase. But, I had a plan. I knew I wanted to move her coins to the Celsius Network, but they are still working on creating better on-ramp (buying) and off-ramp (withdrawing/selling) support, so I was forced to give up more coins to the big user-friendly-but-wallet-ugly exchange to make the transfer of her polygon coins to a better place (Celsius)...my plan all along. Months ago, I had purchased some polygon for myself at .40 per coin. So, I already knew this layer 2 solution for ethereum was a dominant player in this space and volume was continuing to climb. But when I checked the number of D'apps currently using polygon's layer 2 protocol last week, it was over 350 different D'apps! OVER 350! That is growing adoption! I knew polygon's coin price tested $3 earlier this year and with its layer 2 adoption continuing to escalate, there is no reason not to see that $3 number come again and move into the rear-view mirror as adoption grows. I predict $3 before this year ends. $5 to $10 in six to twelve months. My plan for my daughter's $2500 was even more conservative (and profitable) as I knew I could also earn her more polygon coins by simply holding them in a better exchange, the "unbank," Celsius Network. You know, MY PLAN! I created an account for her on Celsius.Network and transferred her polygon from that other, well-known exchange to Celsius...and again, the big user-friendly-but-wallet-ugly exchange took coins as fees for the transfer. But, I had a plan! So, my daughter's polygon is now, finally being HODLed on Celsius. She will earn 10.51% APY on her coins and they will add real polygon (MATIC) tokens/coins to her account every Monday starting next Monday. I will update here with her coin count starting next Monday to encourage others to use these same techniques. I didn't have to do any of the typical staking hassle (no validating or delegating) to position her coins for interest payments every Monday. All I had to do was transfer her coins to the Celsius.Network. They have an app for your phone. If you use her referral code: 1691390756 to create your Celsius.Network account, you will both receive $50 worth of Bitcoin after you transfer at least $400 worth of polygon (or any of the 41 different coins/tokens they support on Celsius) and hold it there for at least 30 days. You will also earn 10.51% APY interest on your polygon coins...in polygon coins. Will this benefit my daughter? Yes, my daughter will also get $50 worth of BTC when you do. So, try it! If you are holding polygon now, why not earn 10.51% stress free every Monday and get the $50 bonus. Use her referral code 1691390756 when you set up your Celsius account. Let me know how you do right here. I will also keep everyone posted on her coin-count every Monday! Good luck! P.S. Polygon is holding above its 20-day MA for now. A good sign.
MLong
by tg-l
2
MATIC : MOVEMENT FROM THE PAST(In Log scale) it's easier to analyst the current situation for me. Everything on the chart . Safe trade, always place the stop loss Feel free to feedback+comment . P.S. I believe in technical analysis. but I find myself tend to have judgement in analysis with the market direction. just like some people. We create patterns and analyze it to support our opinion I don't wanna be bullish or bearish i'll have to practice to see it as it is.. then plan the trade with less risk&loss Just hope this one may help stretching your perspective anyways. xx .
FTX:MATICUSDShort
by baby_rhino
MATIC compared with ETH 2017 @@ lfgMATIC compared with ETH 2017 :) no explanation necessary. damn things almost identical. now compare it to ada. the question you should be asking yourself is ; can i get more than 5x elsewhere? and with such apparent guarantee.. im not sure now. the way alts been acting lately (ie basically retracing their entire runs on a lot of them) they look weak asf. now let us pray this game of musical chairs aint over here. or covid doesn't whip out a more deadly strain for us all. have wonderful new years degen brother and sisters x
MLong
by Crypto-Quantum-Fox
6
MATIC SHORT TO $2.19 (or) $1.97A quick analysis on MATIC using both wave theory, Fibonacci analysis : Wave theory Analysis: 1) MATIC had a nice IMPULSE run-up from Jul 18th to Sep 4th going from $0.61 to $1.78 after a big correction from the previous high of $2.81 to $0.61 2) After a good impulse phase comes the CORRECTION phase, markets usually stay two-thirds of the time in a correction phase 3) Looks like the 2nd wave correction is a simple zig-zag correction touching the support at $1.01 on 25 Sep 2021 4) New impulse Wave 3 then started from $1.01 on 25 Sep 2021 and ended at $2.91 on Dec 26, 2021 5) Wave 3 are usually the longest in the 5 wave series and this seems to be a perfect extended W1 Fibonacci analysis : 1) Wave 2 retraced perfectly at 61.8% of Wave 1 to at $1.01 on 25 Sep 2021 2) Wave 3 extended perfectly at 161% of Wave 1 to $2.91 on Dec 26, 2021 3) Now its time for Wave 4 which I think might take support at 23%, 38% or 50% retracement 4) Right now the Fib 23% is being tested at $2.47, if it doesn't hold maybe next support at 38% $2.2 or at 50% at $1.97 5) Once the FIB 23, 38 & 50 are tested then it will be on its wave 5 Pattern Analysis: 1) In the short term it fits into a nice classic head and shoulders pattern 2) The second shoulder is being just completed Summary : ------------- 1) Looks like the bears are still in control on Wave 4 2) The support line Fib 23% is being tested at $2.47, if it doesn't hold maybe next support at 38% $2.2 or at 50% at $1.97 should be tested Happy New year and happy trading guys !!!!!
COINBASE:MATICUSDShort
by JAN360
5
Matic DistributionI've got a fun one. I've been looking for some alt coins that have not had their major sell off yet and this one looks perfect. After its high in May there was a big increase in supply the day after in which thereafter it attempted a rally (Automatic rally) on increased effort yet a new high could not be made which we call the secondary test. then after that it came back down to make a lower low in July being the sign of weakness which starts the distribution process in which usually you want to see a higher high then the Buying Climax. which was finally achieved just a few days ago. Now even though the higher high(Upthrust) was made it could still run a bit higher although we don't know for certain whether it wants to continue on higher ill say its either already there or its getting close. I think it may depend on bitcoin, which is at a make or break point, a fall below the September low would really make the case for it. I am looking for an entry on a short on Matic and ill be looking for weakness on bitcoin to make that entry if bitcoin rallies further then ill wait but if i start to see it showing weakness i may make an entry with stops set fairly close and move my stops down as it progresses so that in case it does rally i wont get stopped at a loss.
COINBASE:MATICUSDShort
by Kpuff
MATIC Potential Double TopMATIC is trending higher inside of an uptrend channel, but is putting in a potential double top. Price is trending above the short-term moving averages with all moving averages in a bullish cross. Lower indicators are all showing bullish trend and momentum behind price. Should MATIC pull back on double-top resistance watch for support in the $1.70-$1.45 area with additional support at the 200sma. A move above the double top and to new highs would indicate uptrend continuation.
M
by PrepForProfit
Polygon (MATIC) About To Set New All Time HighsPolygon (MATIC) has been on a nice steady uptrend and doesn't show much signs of slowing down. Matic has continued to set higher lows and higher highs. Fundamentally there's a lot of positive momentum and sentiment in Matic considering their utility when it comes to NFTs, Ethereum Scaling, ZK rollup technology, metaverse, and gaming. These are all strong narratives that will continue to grow through out 2022. As of right low local support is at $2.40 -$2.50. A lot of accumulation happening around $1.85 - $2.00.
COINBASE:MATICUSDLong
by peacefuljustin