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MATICUSD trade ideas

$MATIC Polygon looks posed to break out with from Triangle After retesting the center point of a 6 month triangle, MATIC looks posed to rally TO ABOVE $3 IN SHORT ORDER. Stop is pretty reasonable below $1.35. Especially with the 13% current yield on the stake. $4.75 and $7.20 targets in play on this move.

by danwhaleneth

Sideways MATIC Movement I expect to see at least another bounce between 1.50 and 1.60 before a larger move is made. It looks like we broke out of a triangle and are moving sideways on the 1H chart. I think the lowest we will see for a good while is in the $1.30 - $1.35 range, but we might jump back to $1.72 and encounter some resistance. Based on the high ADX and -DI indicators on the 4H chart, I am leaning towards the lower move first. What is everyone else thinking?

by JimOBrien989

MATIC: Falling Wedge... Then Pump Time MATIC double topped at around $2.20, causing a retrace of about 20% from the top. It is currently in a falling wedge and needs to break the top trend line for a bullish reversal. Watch these two support zones for an entry opportunity. This is not financial advice. These are just my ideas and opinions.

Long

by LA_Designer

Updated

XLM Important level watch Looking to buy at -Buy target 2, as there is strong support at that level.

by khodymiller7

Matic thoughts I honestly don't even know what to think about matic right now I really thought it going to make its move but it really hasn't had a very good past couple of days. I'd love to hear thoughts on what direction you guys think matic will be moving because I honestly wouldn't be too shocked if it continues downwards before an eventual move upwards

by pierrebakshi

Updated

Key level - MATIC ▪Ascending trendline touched three times, ▪This level needs to hold for another bullish ride, ▪Ascending triangle printed with strong resistance on a grey box,

Long

by JARJAR20

Updated

MATIC level testing and stabilization Matic responds very well to market fluctuations, we see strong support and stable trend.

by cryptodailyuk

could Polygon breakdown the critical point?Fibo levels: X=$0.28 1.6 BC=$0.154 2 BC=$0.32 2.24 BC=$0.51 2.6 BC=$1.06 1.6 XA=$5 3.6 BC=$7.28 $5 and $7.28 are massive resistances but if Polygon breakdown these resistances and the critical point anyone can't stop it.

by HarmonicPitchforks

A squeeze Pattern Hi traders, Everything is on the chart. Do not hesitate to ask questions and comment your thoughts! Stay safe

Long

by bahadirkisbet

Matic Update Matic is currently above the form the right shoulder then break out to the upside, thats my probability. Lets send it up the moon!!!

by IAMTHEONEE

MATIC long battle for ATH I believe MATIC will have a steady up hill climb and squeeze against the RED descending trend line. Once broken, that is where we could see the impulse to test ATH. Good Luck

Long

by peterbhc

Downside Sloping The Polygon (MATICUSD) is currently sloping downward and my take on this is to wait till 121 INR and if it crosses below that then look for 117 INR and again if it crosses below that then look for 114 INR because that these three levels are very much important on a daily time frame. 114 INR is turning point. If it crosses below 149 INR then it may go deep down.

MShort

by JadonTrade

MATIC update 1.50 entry confirmed now ready for 2.5 and $3.00 Got my entry now look for it go stay above the vwap @1.75 it will be ready to go. Be cautious below it

by anjeltrade

MATIC - Bounce time!?MATIC is in a good position to bounce at 8h TF. As you can see we`ve also got TD4 on this interval, bounce on the flow is possible ..., of course it is necessary to monitor what is happening with the BTC, as it can pull the price behind it despite the good setup. An excellent indicator is available to you here:

Long

by Gokic

MATIC primed for upside There appears to be a hammer candle, and MATIC is currently using 1.75 support. It could fall to 1.50 range as the next level of support. Confluences: Market structure of Higher Highs and Lower Highs Hammer candle indicating bullish move Breaking through 1.75 then using it as support. Risking 20% (to 1.42) for 60% (to 2.82).

Long

by thespinmatt

MATIC upside incoming MATIC sitting between 0.50-0.618 level, reloading upside and may print another ATH if the bull cycle continues.

Long

by JoelSaint2018

$MATIC TA FIB TRENDLINES KEY LEVEL 1.80 When $ETH Breaks out into price discovery in Novemeber, expect MATIC to follow strong. Matic provides scaling for ETH network as a layer two. It is also being used for NFTs and Crypto Gaming

by TraderHighCrowned

Updated

MATIC: Consolidated at PRZ, momentum squeeze, volume shift Matic is exhibiting some strong signs of an imminent upside move.

Long

by larsmrtns

MATIC retest of 1.60 possible thereafter $3.50 ATH coming MATIC had agood clean breakout now pausing at $2.00 mark. It could very well be testing 1.60 level in coming days before taking off to higher levels and possibly breaking all time highs again.

by anjeltrade

Matic Entry 1.95 or 2.05 which is abov upper reisatnce of thi masive triangle. 1.95 might be the first entry for a big push to 2.03 Break 2.03 this target is 2.44 If this turns into a large W patten the W neckline is 2.22 Lower support is 1.83$

Long

by Erictaylor

MATIC on the short term rise?We seem to be experiencing higher highs and higher lows over the course of the last couple of days, and the support around the $1.87 - $1.88 has held fairly consistently. We may continue that upward trend in parallel channel, but will be break through the $1.96 - $1.98 resistance?

by JimOBrien989

MATICUSD breakdown and support zone A greater market move needs to pull MATICUSD with it, but right now I see room for a move downward to $1.83 or $1.63.

Short

by Aps3

Polygon looking good Greeting fellow crypto hounds. $MATIC Nice move up recently on good volume to settle in above a previous high. Appears to be consolidating and establishing a new POC around the 1.9 area as well as letting the 20ma catch up. Looking for a continuation unless the general market hits some bumps. Likely to see some resistance in those previous high areas around 2.4 - 2.5 but I continue to be bullish on MATIC I am holding MATIC in both medium and long term folios Peace and Good luck

Long

by AbTrader0

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