🚨 MATIC at Major Resistance 😬 Proceed with Caution 📈"Yo Traders, Professor here!
Time to dig into MATIC, one of my all-time faves. 🤟 Right now, it's at a sketchy point—below a MAJOR resistance level. Rejected and not back in the channel!! Careful!!! 🛑
Not ready to short it, but I've set a BIG alert for a possible entry back into the channel at 0.66 with a stop loss at 0.64.
🎯 Targets? 1.7, 1.9, 3.2, and a bonus at 1.03! 🚀
For now, just observing. No moves until the chart speaks. 💬 What do you think? Comments below, let's get a convo going! 🗨️"
One Love,
The FXPROFESSOR 💙
ps. not going short on MATIC...But not buying again into it yet. Remember, we bought at 28cents, sold at 1.27.. will repeat it again!!!
ps2. watch the video on ALTS below!!!
MATICUSDT trade ideas
MATIC trade idea I am exploring rn. Im actively taking this trade cuz I believe BTC redistribution is around the corner and might happen over the weekend.
MATIC/USDT Break Pattern !! Bullish and Upward Momentum ??? 💎 MATIC has indeed captured our interest, having shattered the confines of a Symmetrical triangle accompanied by substantial volume and a remarkable upward trajectory. Currently, MATIC confronts stiff resistance within the supply zone, experiencing a significant pushback.
💎 Given that MATIC is amidst a retesting phase at the resistance trendline of the symmetrical triangle, there's a likelihood of a temporary regression to consolidate gains from the substantial breakout. However, should it manage to breach the supply barrier imminently, MATIC Probability could effortlessly ascend towards the next supply zone.
💎 In the context of a confirmed retesting strategy, MATIC requires a bounce or a rejection signal to persevere in its quest to penetrate the $0.632 supply threshold and secure a position above.
💎 Conversely, a failure to rally could usher in a precarious scenario wherein MATIC falters at the demand zone, crumbling beneath it. Such a development would signify a false breakout, steering MATIC into a bearish descent toward a robust support stratum.
MATIC Short DailyThe last macro supply demand has been tested - well there is one more to go. Not sure if it hits but just in case SL is above
MATIC - Short (25 Oct)Good luck to everyone! This analysis is for educational purposes only and does not constitute financial advice. Conduct your own analysis before making trading decisions.
MATIC: $0.015 | Playbook of Handler to $1.30 roadmap validated by recent PUMP
which called attention to Heavy Hitters
to participate in the next OPERATION
MATIC Bullish?MATIC had a breakout on the mid-term trend line and is above the $0.68 resistance level (now turned support). We could see price rising above 1$
MATIC targeting $0.80MATIC had a breakout on the mid-term trend line and is above the $0.68 resistance level (now turned support). It is heading towards $0.80 on medium volume.
Update on MATICMatic also continues to grind upward slowly staying above the 20SMA, RSI is back into the uptrend. This stubborn teal line is a multi-month resistance. The purple line is a far longer support so the fact the token remains above this is a strong indicator that the token is ready to continue higher on the weekly basis. Short term we test the teal and maybe bounce into the local demand zone before a break.
MATIC/USDT | 1d 👀MATIC/USDT | 1d 👀
#MATIC broke out of this resistance level and is now getting ready for a lift off. I think price will reach at least 1$. 📈
✅ Stay updated on market news and developments that may influence the price of Cardano. Positive or negative news can significantly impact the cryptocurrency's value.
✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility.
✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.
#Crypto #Coins #Polygon #Trading #MATIC
Matic longMy plan for $MATIC... 2 scenario's I'm looking for...
Alarms set around 0.5 fib and $0,70✅ Patience...
#trading #maticusdt #polygon
@0xPolygon
@0xPolygonLabs
short MATICCRYPTOCAP:MATIC bounced off the resistance level and the descending trendline. Bearish movement to support level at 0.5$ is possible.
its time to fly Maticas you see, it break the downtrend line, pulled back , and now slowly has moving to a higher price BINANCE:MATICUSDT
Matic/usdt in weekly tmfpolygon (matic) with good news in weekly time frame shows bullish ... look at blue arrow that shows full body bullish candle , ingoulfed previous red candle ... i thing after break trend line and pullback to previous high it can run above 1.5 and higher...
its not a signal for buy or sell orders please search yourself to have the best.
wish you all good. chakker you Mamal
🔥GLOBAL OVERVIEW On MATIC For The Bull Market❗️MATIC is of the strongest altcoins among thousands of crypto. The previos bull market confirms it. The growth by 110 times after the triangle breakout!
💥 It capitalization have already reached $300M and it has potential but it's around 30-50x ($27-40 per coin).
Locally, Matic can grow to the top of the channel by +110% and make a pullback. I expect the growth after this pullback, but the growth continue if it break the triangle streight now.
like❤️ and follow
Check the links and get a BONUS🎁 from me👇
MATIC dips into demand on ascending triangle THe 4 hour time frame is my favorite for swing trading. MATIC is a long-term position for me I have it staked on Ethereum but I keep some on polygon to swing trade into alts like PYR and some others. That long wicked red candle appears to be the 4 hour demand zone and its good to see the token bounce on both the trend and demand. RSI is holding up if it loses steam we will likely fall right through demand or consolidate.
#MATIC/USDT is trying to break the PWH $0.666 resistance level #MATIC/USDT is trying to break the PWH $0.666 resistance level in 4-Hour TF!
Wait for Breakout/retest to open a long position. Wait for PDL $0.626 support and diagonal trend line breakdown to short $MATIC.
MATIC/USDT Technical Analysis: Deciphering the Chart SetupMATIC/USDT Technical Analysis: Deciphering the Chart Setup
Bullish Bounce from Symmetrical Triangle
MATIC currently trades around $0.65 after bouncing from the $0.52 level, which aligns with support of a symmetrical triangle on the daily chart.
Symmetrical triangles typically act as continuation patterns, so this bounce suggests a resumption of MATIC's uptrend within the triangle formation.
Favorable Higher Timeframe Structures
On the weekly chart, the symmetrical triangle takes shape as a larger bull pennant, which is also a bullish continuation pattern.
The confluence of constructive structures on the daily and weekly timeframes paints a positive picture for MATIC over the near term.
Measured Move Targets $1 Initially
The symmetrical triangle points to an initial measured move target of around $1 if MATIC can break out above the upper triangle trendline.
Reclaiming the key $1 level would likely propel additional upside momentum.
Potential for $5+ in a Bull Market
Looking longer-term, if MATIC breaks and holds above $1 decisively on the weekly chart, the bullish structures an extended move towards $5 first, with the potential for $10 in a sustained crypto bull market.
Monitoring Key Support at $0.50
If macro conditions worsen, keeping an eye on the $0.50 support level is prudent. A breakdown below $0.50 would invalidate the bullishness and introduce downside risk towards $0.20.
MATIC/USDT 1DInterval ReviewI invite you to review the MATIC chart in pair with USDT. First, we will use the blue lines to mark the upward trend channel from which the price broke out, creating a downward trend channel in which we could currently see the price leaving it with a sideways movement.
When we unfold the Fib Retracement grid, we can see that the price remained at the upper limit, a very strong fundamental support zone from $0.58 to $0.31.
Looking the other way, we can see a significant resistance zone from $0.74 to $0.90, only after we break out of it and then test it positively will we be able to see a further upward movement towards the second zone from $1.15 to $1, $33.
Please look at the CHOP index, which indicates that most of the energy has been used, while the RSI and STOCH indicators show that we are moving at the upper limit, which may negatively affect the price and provide a rebound in the coming days.
Polygon Price Prediction Polygon Price Prediction By Coinilabot assistance– October 30
A couple of days ago, it was demonstrated that the efforts of bulls outpaced the effects of bears in market operations that involved Polygon and the US Dollar. As the financial record has it, the crypto-economic trade has hiked, converging below the value line of $0.65.
Given that the price has touched the upper Bollinger Band trend line, investors may remove a sizable portion of their profits from their holdings as it is anticipated that a required correction will soon take place. In the interim, in the event that the anticipated downward trend eventually materializes, the fundamental underlying support has been established around the $0.50 line. Investors with long-term horizons should hold onto their positions ahead of the impending bullish cycle.
MATIC/USD Market
Key Levels:
Resistance levels: $0.70, $0.75, $0.80
Support levels: $0.55, $0.50, $0.45
MATIC/USD – Daily Chart
The MATIC/USD daily chart reveals the crypto trade has hiked, converging below the line of $0.65.
The outlook of the indicators suggests that further forces in the moon direction have been gradually reducing, formulating a warning signal against getting free uprisings from its current trading spot. The Bollinger Band trend lines are seen around $0.675, $0.569, and the lower part at $0.464. The stochastic oscillators are slightly pointing southbound from 73.222 to 63.226.
As of the present trading price of $0.627, what is the financial status of traders in the MATIC/USD market?
Traders in the MATIC/USD market operations are to exercise some level of cautiousness, especially those acting on the basis of either short- or medium-term, as the crypto market has hiked, converging below the line of $0.65 at a close spot.
From the technical point of view, long-position pushers have to allow a condition that will showcase the placements on the stochastic oscillators at lower range values, possibly down into the oversold region, to be able to come across decent longing position orders. Nevertheless, investors are to hold their faith in the long-term running environment before cashing out at higher lines.
Bears may typically exert all of their energy into stalling most moves that want to push higher over the $0.65–$0.70 mark, even when a volatile motion is likely to occur soon. To obtain a respectable entry order, it will be preferable to swap values or locations above them.
MATIC/BTC Price Analysis
In comparison, Polygon is still pricing at reduced values against the trending ability of Bitcoin, as the price is converging below the trend line of the middle Bollinger Band.
Due to their placement in range-bound zones between two layers, the Bollinger Band trend lines are oriented downward. The stochastic oscillators are situated just below the 50-value line. The current trade candlesticks’ view indicates that the base cryptocurrency is attempting to reclaim its positions against the counter-trading cryptocurrency.
$MATIC Mirroring BTC'S MovementThe altcoin market is mirroring BTC's performance quite closely. Most assets, MATIC included, are on an aggressive upward trajectory, following Bitcoin's lead. However, altcoins seem to have more room to grow, given that only a handful have touched their yearly highs.
Presently, the MATIC trajectory is bullish. Its price is wedged between a support level at $0.63 and a resistance zone spanning from $0.648 to $0.657. Assuming this momentum continues, investors should keep an eye on the $0.67 and $0.70 milestones.
Although the MATIC movement is somewhat more subdued compared to BTC, short-term corrections are expected. Buying orders are mainly clustered around the $0.616-$0.625 zone, with significant levels at $0.612 and the range of $0.600-$0.606.
During such market fluctuations, prudence is paramount.
MATIC May Be Gearing Up for a Move to a New ATHA symmetrical triangle has emerged on the weekly MATIC/USDT chart, signaling the potential for an imminent breakout. Should this breakout be to the upside, MATIC's price may embark on a medium-term bullish trajectory, possibly propelling it to achieve a new all-time high (ATH). However, it's important to note that this optimistic scenario could be negated if MATIC falls below the $0.5540 threshold within the next two weeks. On the flip side, a weekly candle closure above $0.8220 could serve as an early confirmation of the impending bullish breakout.
