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MATICUSDT trade ideas

MATIC target 1.4712h time frame - MATIC is creating a potential double bottom structure. Taking a step forward to the lower time frame, MATIC just retested 0.5 Fibonacci Projection, which final target is 1.47. Also, use Fibonacci Extension on the wave from 1.568~0.492, it shows the first target at 1.44, which is closer to target from Fib Projection, and 1.44~1.47 is the neckline of this potential double bottom. Further, if MATIC complete this double bottom, final target will be 2.64. - TP: 1.44~1.47 SL: 0.7145
MLong
by EthanTW
1
MATIC → Polygon Bull Run Near Complete! Reversal Time?Polygon had a beautiful double bottom at the Daily 200EMA and as predicted, ripping to the upside and near completing the trade of our last analysis. Where do we go from here? How do we trade this? 🤔 We likely have more upside to go before we consider a reversal. Wait until the price makes contact with the Resistance Zone at $0.95. Look for a bear signal candle and confirmation before entering a position, then target a 1:2 Risk/Reward back down to the 30EMA. Protective stop just above where the price reversed, likely at the $0.95 area. A bear signal candle usually has a long wick on top and closes on near its bottom. The confirmation candle usually consists of a strong bear candle closing on or near its low, "confirming" the reversal. Confirmation is a bit misleading, it just means we have a high enough probability based on historical data to justify a short position. 💡 Trade Idea 💡 Short Entry: $0.9240 🟥 Stop Loss: $0.9735 ✅ Take Profit: $0.8250 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Double Bottom at 200EMA, Bias to Long! 2. Wait for bull run to finish. Target Resistance Zone for Reversal. 3. Look for Bear Signal and Confirmation Candles. 4. RSI around 68.00 and above Moving Average, Short-term Bias to Long. 5. If Reversal bars and RSI over 70.00, Consider a Short Position. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
MShort
by TraderEngineering
Nice price for enter in Matic.Polygon (MATIC) is one of my favourite coins. I like their project and their platform with a lot of dApps. Price is now in good entry zone for those who would like to buy it. This is trade (investment) setup on larger timeframe. I am not looking to reach targets 2,3,4 and 5 very soon, that could be year(s). I will sell most of my capital on targets 3,4 and 5. Small portion will be sold on Targets 1 and 2. Entry Zone: 0.70 – 1.05 Buy Zone:0.23 – 0.35 Target 1: 1.64 – 1.78 (55%) Target 2: 2.75 – 2.89 (159%) Target 3: 3.53 – 3.76 (234%) Target 4: 4.62 – 4.91 (335%) Target 5: 6.40 – 6.63 (504%)
MLong
by Abmoon
10
SasanSeifi 💁‍♂ A Price Analysis of the 4-Hour TimeframeAs you can see in the 4-hour timeframe, the price has been in an uptrend from the demand zone at 0.73. It broke through the HIGH at 0.79 and grew by approximately 14% to the price range of 0.83. After the growth, the trend is currently range-bound in the price range of 0.80. In the 4-hour timeframe, it is very important to maintain the support levels of 0.80/0.79 cents for the continuation of the bullish trend of the symbol. The expectation that we can consider in the 4-hour timeframe is that, if the support levels are maintained, we will see the price grow to the liquidity range of 0.87. Then, after a partial correction and pullback, it will again be accompanied by further growth up to the supply area and the bearish order block of the price ranges of 0.90 cents and 1 dollar. The possible trend is also shown in the above image. In the event of positive fluctuations, it will be important to see how the price reacts to the liquidity range of 0.87 cents to better understand the continuation of the movement. 🔵Remember, always conduct your analysis and consider other factors before making any trading decisions. Good luck!"✌️ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
MLong
by SasanSeifi
5
✴️ Polygon Massive Bullish Explosion Within Hours?!➖ The daily session is at a multi-months high; ➖ The trading volume is favoring the bulls; ➖ The consolidation phase is long gone, over; ➖ The indicators are all trending up; 👉 Polygon (MATICUSDT), is ready for a massive bullish explosion! After the minor peak 24-Oct prices remain trading above EMA10, which means no correction. As MATICUSDT continues to challenge resistance with bullish volume going up, we can expect a major break to happen, the strongest move we've seen since January but stronger when all is set and done. This is just a friendly reminder as I already shared many charts for this pair. I hope you won't stay behind... Time is running out! Thank you for reading. Namaste.
MLong
by AlanSantana
24
✴️ Polygon | The Good News About Low VolumePolygon (MATICUSDT) can be seen ultra-bullish but, Where is all this bullishness coming from? This week we are at the 4th session green, with each week hitting new highs. Each week is full green with EMA21 and EMA10 having been conquered as resistance, the bulls clearly have the upper hand. The RSI, blah, blah, blah... Let's get to the interesting part! Hold on, the volume signal first. Trading volume is relatively low and we don't have a high volume week that reveals what is coming next. In this type of scenario the low volume indicates that there is no selling pressure. It indicates that the real action is yet to happen. Since we have really strong bullish signals with the candles, higher lows, moving averages and RSI, the volume becomes secondary and actually reveal that there is still so much potential for additional growth. Where does all the bullishness come from? We use these charts to predict the future. Obviously, the charts do not predict the future nor reveal anything about it, the chart is the past but we can use this information to reach certain conclusions. Bullish actually means bad, in some cases, in some ways. Bullish can actually mean low prices, crash, bad news, etc. This is important because it is really basic and I see many people are still confused. It would be a great upgrade for your charting, your sharing. When we use the word "bullish", we are referring to future potential growth mainly. So, bullish at the bottom, bearish at the top. The indicators can be read in many ways... Here is one that is easy and everybody can agree and understand. An RSI reading say of 18 is considered weak but instead we call it "oversold" and we use this "oversold" signal to understand "buy" or potential for higher soon based on this reading. On the contrary, when the RSI is really high, say 80, it is considered super strong. But this is tricky, it can work great if we take the broader market into context but at one point a "strong", "bullish" RSI reading can be considered overbought, signaling a bearish potential. All the bullishness comes from the fact that MATICUSDT was trading near support, produced a reversal pattern and started to go up... While the technical signals can be read as bearish, we use the charts to better understand these signals and know that while technically bearish, the potential is up. So we say bullish when prices are down and bearish when everything is up (based on the correct interpretation of the chart signals of course). Thank you for reading. I hope you are being entertained. All the information is shared here for educational purposes, 100% FREE... You just need to comeback if you enjoy it to show your support. You are appreciated. Be blessed! Namaste.
MLong
by AlanSantana
4
📊#MATIC may continue higher, cautious shorting⚠️➡️Remember we shorted MATIC before? 🧠At that time we had locked in major profits after completing a full Elliott Pulse, and our risk-free expectation was that it would continue down to the ideal target zone of the Smiley Face bearish structure. But over time we developed a double top bullish structure at the bottom, so we gave up on the ideal target of the smiley face bearish structure very early. ➡️And in the subsequent development, my conjecture was further confirmed. Then I noticed that we were once again following the Elliott Pulse wave move, and when we were running Wave 3, I started setting up a long trap and was delighted that the market developed as expected, a very beautifully set up. We are currently completing wave 5. It is expected that we will most likely sweep the liquidity pool above and then start to fall back. Whether it can continue to go higher, we still need to continue to observe.👀 🔥Congratulations to all the friends who followed us to print money🎉💰🍻I have helped everyone make money, so I hope you can also help me. Please remember to like❤️share my analysis posts and channels. 📤
MLong
by wolf_king888
MATIC/USDT 4HInterval CHARTI invite you to review the MATIC chart taking into account the four-hour interval. As we can see, the price has broken the downtrend lines, but currently we can see the price climbing the local upward trend. Looking at the current growth, using Fib Retracement we will determine the places of further resistance that the price must face. And here you can see that we have gone above the resistance at the level of 0.618FIB, and are approaching a strong resistance zone from $0.93 to $0.98, when the price breaks above the resistance and positively tests it, we can see a move to around 1, $15. Looking the other way, there is support at $0.84, then we have a second support around $0.79, and then there is a support zone from $0.76 to $0.72. The CHOP index indicates that the energy is currently used for an upward movement, the RSI indicator is approaching the upper limit, but there is still room for a larger move, while the STOCH indicator is moving above the upper limit, which may limit the price increase in the coming time.
M
by cryptodailyuk
LDO vs MATIC 3day ChartLDO and MATIC here, as you can see on MATIC, when 200MAs formed it went parabolic (14,000%) History doesn't always repeat, but it does rhyme. LDO should moon eventually, maybe after BTC halving. These moving averages will form in about 20 days. If they form under price, in theory, it should be bullish. Also, it is possible for price to get pulled into these newly formed moving averages and then spring off of them. Notice it happened on MATIC. I don't want to miss the LDO train when it leaves the station. I will probably acc. from here and dip down into the 3day white 100 if we get that. Thanks for your time. Please follow here for more!
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by Cosmicbag
Matic we Are Ready for 2nd Entry**Short Overview** Matic (MATIC) is the native cryptocurrency of Polygon, a layer-two scaling solution for the Ethereum blockchain. It serves as a transactional token for paying fees on the Polygon network, as well as a governance token for voting on network proposals. Polygon aims to improve the scalability and usability of Ethereum by enabling the creation of low-cost, high-speed dApps. **Fundamental Analysis** * **Scalability:** Polygon's sidechain architecture allows it to handle a significantly higher volume of transactions than the Ethereum mainchain. This makes it a more attractive platform for developers building dApps that require high throughput. * **Cost-effectiveness:** Polygon's transaction fees are significantly lower than those on the Ethereum mainchain. This makes it more affordable for users to interact with dApps on the Polygon network. * **Developer adoption:** Polygon has a growing ecosystem of dApps and projects, and it is attracting a large number of developers. This suggests that it is a viable platform for building blockchain applications. **Recent News** * **Polygon SDK 5.0 released:** The latest version of the Polygon SDK includes several new features, such as support for zero-knowledge proofs and improved scalability. * **NFT marketplaces Polygon Studios and OpenSea partner:** The partnership will allow OpenSea users to mint, buy, and sell NFTs on Polygon. * **Polygon Integrates Chainlink oracles:** Chainlink oracles will provide secure and reliable data feeds to dApps on the Polygon network. **Disclaimer** Please note that the cryptocurrency market is volatile and risky. There is no guarantee that MATIC will increase in value. Before investing in any cryptocurrency, it is important to carefully research the project and understand the risks involved.
MLong
by MoonTradingForecast