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MATICUSD trade ideas

Polygon The most recent candle is bearish (red) with a significant wick to the downside, indicating that sellers were dominant but may be losing momentum. Support: The price level around $0.41 has acted as a short-term support as it aligns with the lower Bollinger Band. Resistance: The price has struggled to break above the $0.425 level, which also aligns with the middle of the Bollinger Bands. If the price closes below the current support at $0.41 and continues below the lower Bollinger Band, it could trigger further downward momentum.
COINBASE:MATICUSDShort
by Sahrin
MATICUSD View!!On-chain data shows the whales of these altcoins have been shifting their supply from exchanges to cold wallets recently, a sign that may be bullish for their prices. Whales Of These Altcoins Have Been Moving Into Self-Custody Recently In a new post on X, the on-chain analytics firm Santiment has discussed the trend in the Top Exchange/Non-Exchange Wallet Holdings for three altcoins: Polygon (MATIC), Injective (INJ), and Render (RENDER). The “Top Exchange/Non-Exchange Wallet Holdings” here refers to an indicator that keeps track of the ratio between the balance of the ten largest wallets associated with centralized exchanges and that of the ten largest self-custodial addresses.
COINBASE:MATICUSDLong
by FXBANkthe8055
Matic analysisHello everyone! Today I look a little into matic since I am investing into a matic/day liquidity pool. My thoughts so far are that matic is generally bearish but looking over at the macd and the support areas, depending on the crypto markets' momentum, we might be looking at a small bullish day or week sooner or later. Personal recommendation ? Don't trade and wait for the moment, the likelyhood that the price will go lower is high yet there is a small chance that the price will also go a bit higher, especially if it manages to push through the resistance area. So in case of uncertainty, you and your money are better of sitting than risking them on low probability trades. Thank you for looking up my idea and reading, I wish you an awesome day! :D
COINBASE:MATICUSD
by dreamer0210
MATICUSD: Two levels that will kickstart the Cycle's rally.MATIC is bearish both on its 1D as well as its 1W technical outlook (RSI = 35.379, MACD = -0.094, ADX = 47.085). Cyclically, these indicator levels are solid buys on Polygon as it is significantly undervalued below the 1W MA50. The S1 and HL trendline offer the strongest support levels possible and in the prior Cycle this is where the token started the Cycle's rally to a new peak. Our target is slightly under the 2.0 Fibonacci extension and the HH trendline (TP = 4.5000). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:MATICUSDLong
by InvestingScope
POL (MATIC) ecosystem is expanding... Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost". Have a nice day today. ------------------------------------- MATIC to POL upgrade was done on the Ethereum mainnet. (POLUSD 1D chart) There are many coins and tokens in the MATIC ecosystem. Therefore, I think MATIC has a high potential for development. When choosing an altcoin, it is a good idea to check how the ecosystem it belongs to is formed. That way, it will not be delisted. To check the coin ecosystem, you can check it on a site that shows the coin market cap ranking. - (MATICUSD 1M chart) The key is whether it can rise above the psychological volume profile range of 0.6221-1.0839. - (1W chart) The key is whether it can rise above 0.4965 and receive support. If not, we need to check whether it can receive support near 0.2950. - (1D chart) The key is whether it can receive support in the HA-Low (0.4166) indicator of the 1D chart and the HA-HIgh (0.5142) indicator range of the 1D chart and rise above the M-Signal indicator of the 1M chart. Currently, the StochRSI indicator is showing signs of entering the overbought zone, so support around 0.3837 is important. If it is not supported, it is likely to lead to further decline. Therefore, the time when we can trade is when it shows support near the HA-Low indicator point. - The fact that the HA-Low indicator was created means that a low point zone has been formed. Therefore, if it is supported by the HA-Low indicator, it is a buying period, and if it falls, it is likely to show a stepwise downward trend. The fact that the HA-High indicator was created means that a high point zone has been formed. Therefore, if it is resisted by the HA-High indicator, it is a selling period, and if it rises, it is likely to show a stepwise upward trend. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. Since I think it can create a new trend in the overshooting section, I need to check the movement when this section is touched. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to create a pull back pattern and start after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
COINBASE:MATICUSD
by readCrypto
MATIC POLYGON * WEEKLY TF EWP TC FIB ANALYSISThe chart provided is an Elliott Wave analysis applied to the price action of the cryptocurrency MATIC, on the Polygon network, in a weekly time frame: 1. Elliott Wave Structure • The chart shows a corrective pattern (denoted as A-B-C or W-X-Y), which is a retracement in an overall bullish market. • The price action is nearing the end of a corrective wave (Y), with a potential reversal point forming in the orange box. 2. Channels and Trendlines • The price movement is contained within a corrective channel. • The long-term trend is shown by the upward green channel, indicating that after the correction, a return to a bullish movement is expected. 3. Fibonacci Levels • Multiple Fibonacci retracement levels are drawn on the chart to guide potential support and resistance zones. • The 0.5, and 0.618 Fibonacci levels are significant for both resistance and support, with prices currently near the 0.618 level. • The price is also interacting with a pivot zone (shown by the orange labels), and could potentially reach the P level at $0.446 before bouncing. 4. RSI (Relative Strength Index) • The RSI indicator at the bottom shows the market is nearing oversold territory (below 40), indicating that the selling pressure may be exhausting and a bounce could be imminent. 5. Price Target • The a curved arrow at the bottom indicating a bullish reversal potential, suggesting that after this final leg down, the price could shoot back up to the previous highs and beyond. • The upper target for a bullish breakout seems to be around the $2.714 level, based on previous wave (B) highs, with an extension potentially aiming toward the $5 level and beyond. 6. Support Zones • The orange box (around $0.191 to $0.26) represents a critical support area, where a reversal might happen. • If the price fails to hold this zone, the next support level is around $0.0454, which appears to be the ultimate bottom level of the correction. Conclusion: This chart suggests that the current corrective phase is nearing completion, and there is a strong possibility of a bullish reversal from the $0.191-$0.26 support zone. If this area holds, the price is projected to rally upwards, potentially targeting $2.7 and beyond in the next impulsive move.
CRYPTO:MATICUSDLong
by Anakyn
POLYGON - TOO EARLY FOR BUYS Polygon is approaching 2022 lows. Is it good time to buy now? Based on Elliot wave theories and current price action on weekly timeframe, we are now in major wave 4 that is not completed yet. Expecting major wave 4 to be completed around the -0.27 ( 0.17 ) and -0.618 ( 0.08 ) Fibonacci levels ( Our buy zone ). For the upcoming days, we'll be looking for short opportunities until we reach our buy zone. If interested to see more setups and analysis, make sure to support our ideas by hitting the like button. :)
CRYPTO:MATICUSD
by Tradenessfx
2
#MATIC/POLYGON Looks ready for a pump. Get longSo #ploygon is looking primed for a pump. It may or may not be a coincidence that it is about to rename to Polygon from MATIC. Pump the Polygon peeps. Looking at the chart: * STO is bottoming at 8. You heard me 8. The only way is up baby! * RSI was 21 on the previous low and is 31 on this low. Sellers are running out of strength. Buyers are taking back control. * We have a double bottom and the only reason we dont have a bullish divergence is because the selling was too weak! Numbers: * Target 1 is 0.54. That is 33% for a spot position. * Target 2 is 0.76. Take some money off the table at 0.54 ffs. * Stop loss. 0.38. If we see this level again then run for the hills. Drop it likes it hot. Get out. GL Peeps. #staysafu
MLong
by thecryptochart
Polygon - [MATICUSD]Price Action and Trend : Downtrend: The chart shows a clear downtrend from early April to mid-June 2024, with lower highs and lower lows, indicating bearish sentiment. Recent Bounce: There was a recent bounce in price from mid-August 2024, but it appears to have been short-lived as the price is again moving downwards. Bollinger Bands : Volatility: The chart includes Bollinger Bands (red for the upper band and green for the lower band), which show periods of increased and decreased volatility. The bands were expanding during the sharp downtrend in April-June 2024, indicating high volatility. Recent Price Movement: The price is currently near the lower Bollinger Band after touching the upper band in the recent bounce. This often indicates oversold conditions, but given the downtrend, further declines could be possible. Volume : Declining Volume: The volume generally appears to have been declining since April 2024, which may indicate a lack of strong buying interest. However, there was a spike in volume during the recent bounce, suggesting some buying interest, although it may not be enough to reverse the downtrend. Key Support and Resistance : Support: The current support level appears to be around $0.35, which is the recent low. If the price breaks below this level, it could signal further downside. Resistance: Resistance is near the $0.55 level, where the price recently touched before pulling back. A break above this level would be needed to indicate a potential trend reversal. Overall Sentiment : The overall trend remains bearish, with the recent bounce possibly being a short-term correction within a broader downtrend. Traders may look for confirmation of a trend reversal or continuation before making decisions. Next Steps : Watch for Support at $0.35: A break below this level could signal further declines. Bollinger Bands: Keep an eye on the Bollinger Bands for any signs of a squeeze, which could precede a breakout in either direction.
COINBASE:MATICUSDShort
by Sahrin
1
MATICUSD tested the June 2022 Historic SupportMATICUSD has reached a demand zone last tested in June 2022. The market formed a long-tailed bar on the weekly timeframe, signaling a rejection of this level and the potential for a bullish move. Additionally, it broke and closed above the accumulation zone, which is another encouraging sign. If the price stays above the 0.400 level, the market could rise to retest the resistance. There’s potential for a breakout from the channel, continuing its bullish trend. Pay attention to the August close, as the monthly chart is shaping another significant long-tailed bar. The target is the resistance at 0.500
MLong
by RTED_Investing
MATIC/USDT A🔍 MATIC/USDT Analysis: Upcoming Opportunities for Traders 📉 The MATIC/USDT chart highlights important dates that traders should watch closely: August 16, 2024 & September 2, 2024 & November 30, 2024 - Green Lines: These dates indicate potential local lows, offering favorable entry points for accumulating MATIC. These are key opportunities to consider building or adding to your position. October 27, 2024 - Red Line: This date signals a potential local peak. It may be wise to take profits or reduce exposure around this time as the market could face resistance or a downturn. By aligning your trading strategy with these dates, you can better navigate the market and maximize your gains. #MATIC #CryptoTrading #MarketAnalysis #Cryptocurrency #MATICUSDT #Altcoins
CRYPTO:MATICUSDLong
by trushkovskiy
Matic / Polygon Great Buy Opportunity So, I purchase Matic for the first time in January of 2021 around .07. I have been following this token for a while. For the past few years, the price range it is currently around now, has been a great buying opportunity for this token. Polygon is a leading layer 2 on Ethereum blockchain that has been around for a while. With it's current under performance, this is one of the best alt-coins you can buy. In September, the Matic token name is changing to Polygon which will cut down on any confusion for newbees. However you look at this blockchain, the chart doesn't lie: Matic/Polygon is a great buy zone!
MLong
by SteveButter3k
3