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MATICUSD trade ideas

Crypto Altcoin Gem. Polygon(MATIC)I'm sure your all scrambling looking for the next crypto coin that is going to make you some expediential returns. Well here I Have Polygon (Matic) coin that I will be keeping a eye on. With a bear market likely to carry on for the next few weeks or months, ill be patient with this coin and were likely to see it drop to the 0.7500 area. when we reach this support area which I believe will coincide with the beginning of a extreme and lucrative bull run in the crypto markets, were likely to see a increase of around 100% on this coin.
COINBASE:MATICUSDLong
by mofxtrading
3
Polygon (MATIC) Poised for Further Growth CRYPTOCAP:MATIC is exhibiting trends similar to Ethereum. Currently, it's trading between support levels of $0.86–$0.887 and resistance at $0.91–$0.928, though this may not last long. An upward movement for Polygon seems more probable. Buyers are eyeing the $0.97 price point and the key psychological level of $1. Overcoming this level could significantly accelerate MATIC's growth. A temporary correction might bring MATIC down to support zones at $0.811–$0.834 and further to $0.796. Any further downward movement would depend on the overall market trends, particularly those of Bitcoin.
COINBASE:MATICUSDLong
by DEXWireNews
MATIC Price Analysis: Gearing Up for a 33% SurgeMarket Context: MATIC shows recovery, aligned with positive market sentiments post-Bitcoin Spot ETF approval. Technical Structure: A rounding reversal in the weekly chart hints at an imminent rally towards $1.33. Current Status: Despite a 17.35% drop last week, MATIC is rebounding, supported by a 12.51% weekly rise. Volume Indicator: A significant 64% increase in 24H trading volume bolsters the breakout potential. Resistance Challenge: MATIC faces a tough resistance trendline around $1, pivotal for the rally’s continuation. Price Movements: Trading around $0.9013, MATIC exhibits bullish signals in the daily chart. Technical Indicators: RSI: Indicates a stable trend above the midpoint, devoid of bearish divergences. MACD: Positive crossover above zero, but fluctuating histograms suggest caution.
COINBASE:MATICUSDLong
by Coinpedia-Market-Insight
What was the impact of Grayscale's decision to remove Polygon?The Impact of Grayscale's Fund Rebalancing In a surprising change of events, Grayscale has pulled Polygon (MATIC), a $8 billion crypto project, from its Digital Large Cap Fund. The decision was stated in a recent news release in which the corporation reported its most recent fund rebalance. Grayscale's move to sell off portions of the fund's present components depending on their weightings has had a substantial impact on Polygon (MATIC), which was excluded as a result.
MShort
by zahiriro
Polygon MATIC 2024 Price PredictionTLDR: My 2024 targets from low to high are: 1. 1.92 USDT, the 0.618 Fib retracement. 2. 2.36 USDT, the 0.786 Fib retracement. 3. 2.57 USDT, 400% from the recent HL on the weekly TF. 4. 2.92 USDT, the 2/1 Gann angle (considering price and time). Background (Weekly TF): Matic was in a downtrend from December 2021 until June 2022. MATIC lost 89.54% of its USDT value during the downtrend, which is remarkably good for a cryptocurrency. Between June 2022 and February 2023, MATIC’s price rose approximately 400%, not too bad for a bear market. From February 2023 until October 2023, MATIC was in a correction. MATIC managed to finish this correction with a HL of 0.49 cents. This means that MATIC maintained the uptrend and completed the overall correction with a Double Bottom. Support and Resistance (Weekly TF): MATIC is above the 0.236 Fibonacci retracement at approximately 93 cents. It is yet unclear if it will hold this level or not. MATIC is 99% correlated to Bitcoin, and much depends on Bitcoin’s PA, which is unclear. The next significant resistance is the 0.382 Fibonacci retracement at 1.30 USDT. A Weekly supply zone compounds this resistance. This zone’s proximal line is at 1.28 USDT, and the distal line is at 1.5 USDT. The 4/1 Gann angle is also approximately at the same level, strengthening the resistance level. Unlike Fib retracements, which are horizontal, a Gann angle is diagonal and considers price and time. For this reason, I cannot put a number on this resistance. Volume Profile: Fixed Range Volume Profile taken from December 2021 until today shows the PoC is at the same level as the 0.236 Fib retracement. If MATIC manages to hold above this level, it could become a significant support level. The VAH is at 1.08 USDT, acting as resistance on the daily TF. A Fixed Range Volume Profile taken from the bear market low shows the PoC is at 85 cents. From a PA standpoint, the 85 cent is a notable S/R level. Should MATIC lose the 92-cent level, the 85-cent level could be appointed in which MATIC will find support and turn around. 2024 Targets: Predictions are a thorny issue. What I am doing as an analyst is driving forward while looking in the rearview mirror. Take my prediction as an educated guess and always trade the chart level to level. I assume 2024 will be a good year for crypto because of macro factors such as the Bitcoin ETF, the US FED rate cuts, and the presidential election race. MATIC has proven itself to be a resilient and volatile asset, which makes me optimistic about its prospects. MATIC managed to rise 400% in eight months during a bear market. Assuming the same level of performance in a bull market is conservative. My 2024 targets from low to high are: 1. 2.36 USDT, the 0.786 Fib retracement. 2. 2.57 USDT, 400% from the recent HL on the weekly TF. 3. 2.92 USDT, the 2/1 Gann angle (considering price and time). What do you think? Please share in the comments.
CRYPTO:MATICUSDLong
by NewThoughtCrypto
MATIC Price Analysis: Eyeing a Bullish SurgeCurrent Scenario: MATIC price is showcasing a bullish potential with a recent retest of the $0.96 breakout point. Recent Performance: After a minor pullback, MATIC has rebounded, indicating a possible resurgence in bullish momentum. Key Level: Overcoming the $1 barrier could solidify it as a strong support level, enhancing bullish prospects. Market Sentiment: There's growing optimism for MATIC, with predictions of reaching as high as $2 in 2024. Volume Analysis: The increase in trading volume alongside the price rebound suggests strong market interest. Technical Resistance: Higher price rejection hints at substantial overhead resistance, potentially slowing the upward trajectory. Double Bottom Breakout: The retest of $0.96 aligns with a double bottom breakout, bolstering bullish expectations. Technical Indicators: RSI: Indicates a possible turnaround with a move above the mid-line. EMA: The golden crossover in the daily chart supports the bullish trend. Price Targets: Following the Fibonacci extension, MATIC eyes potential levels of $1.20 and $1.50. Risk Factors: A drop below the $0.96 range could escalate selling pressure, leading to a test of the $0.90 level. Overall Outlook: MATIC’s current trajectory suggests a bullish trend, but market conditions and resistance levels will be key determinants.
COINBASE:MATICUSDLong
by Coinpedia-Market-Insight
MATIC Price Shows Potential for a 50% Rally in Early 2024Current Scenario: MATIC price recently experienced a bullish breakout but is currently undergoing a retest of the $0.96 level. Recent Performance: After a strong 35% rise in just a week, MATIC's price struggles to maintain above the key $1 mark. Retest Dynamics: The ongoing retest is characterized by lower price rejection, hinting at a possible successful retest. Future Prospects: Post-retest, MATIC could potentially continue its bullish run, aiming for the $1.50 milestone. Technical Snapshot: MATIC's price has shown resilience, bouncing back to $0.9855, limiting its intraday fall to 1.81%. Volume Analysis: Reduced trading volume during the retest phase may augment the chances of a bullish reversal. Technical Indicators: MACD: Indicates sustained positive alignment despite a slight dip in bullish momentum. EMAs: The bullish crossover between the 50-day and 200-day EMAs suggests potential dynamic support. Fibonacci Levels: Trend-based Fibonacci extension points to possible targets at $1.20, followed by $1.50. Downside Risks: A fall below the $0.96 level could amplify selling pressure, potentially testing the $0.90 mark. Overall Outlook: The MATIC price analysis remains optimistic for early 2024, with signs pointing towards a significant rally if the current retest phase concludes successfully.
COINBASE:MATICUSD
by Coinpedia-Market-Insight
Can MATIC finally break the $1 and leave the penny Crypto area ❓Can MATIC finally break the $1 and leave the penny Crypto area for ever Provided 2 charts for you: no1 2-day candle chart shows nice bullish breakout👀‼️ no2 in Comments The Renko chart shows that Polygon is at an important line🟩 If Polygon confirmes breakouts a huge bullish future is ahead IMO🚀 Comments💭, Likes♥️ & Follow🔗appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
COINBASE:MATICUSDLong
by Crypto4Everybody
MATICUSD One more correction left before going parabolic!It has been a little over 2 months since our last analysis on Polygon (MATICUSD), which eventually hit our 0.7000 target (see chart below) and has now broken above the 1W MA100 (green trend-line) for the first time since March 13 2023: As you can see on this 1W time-frame, we are about to get a Bullish Cross between the 1W MA50 (blue trend-line) and the 1W MA100. That will be the first in MATIC history but we do not expect it to create the conditions for an immediate rally. Based on the same long Accumulation Phase of the previous Cycle, the rally started after the price broke below the 1W MA50 one last time. Once that happens, we will turn bullish on MATIC again for the long term and target the 2.0 Fibonacci extension at 5.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:MATICUSD
by TradingShot
Polygon: The Token of Choice for Institutions !MATICUSDT is showing strong signs of bullish momentum and has the potential to reach significant new highs in the coming months. Here are some of the key factors that support this bullish outlook: MATICUSDT is breaking out of a long-term consolidation pattern. This suggests that the bulls are in control and that the price is likely to continue to move higher. MATICUSDT is trading above all of its major moving averages. This is a classic sign of a bull market. MATICUSDT is benefiting from strong fundamentals. Polygon is a leading Layer 2 scaling solution for Ethereum, and it is experiencing rapid growth in adoption. Based on these factors, I believe that MATICUSDT is a good investment for the long term. Here are some specific price targets to watch for: Downside target: $0.69 Upside target: $ 1.69 Fair Value: $1.00 Please note that this is not financial advice and you should always do your own research before making any investment decisions. I hope this information is helpful. Please let me know if you have any other questions.
MLong
by SabahEquityResearch
3