#MATIC/USDT is holding major support zone in Daily TF!#MATIC/USDT is holding major support zone in Daily TF!
CRYPTOCAP:MATIC needs to clear the Diagonal Trendline to gain bullish momentum. Breakdown this zone is bearish sign.
Looking good for Spot. If you want to long it, wait for BO in LTF.
MATICUSDT trade ideas
MATICUSD ❕ fixed under the supportMATIC fixed under the support level, which now acts as resistance.
Price has fixed under the 50EMA (1H TF)
I expect that the asset will continue to decline.
MATIC : Adding more into the holdingI anticipate that the cryptocurrency market may experience further challenges in the foreseeable future. However, my approach is to employ dollar-cost averaging at opportune buying levels, contingent upon the price movement within those ranges.
I intend to adopt a more aggressive buying strategy in the event of a global market downturn, including a potential decline in the Nasdaq. Until such circumstances arise, I will continue to incrementally increase my holdings, adhering to a dollar-cost averaging strategy.
Matic: Sell in May and go away 🐻⁉️📆 We can see that the month of May is a crucial month.
The range contained in the 🟥 red rectangle has already been tested several times, and in May last year we had a sharp drop.
Here we are again in the month of May, on top of that range.
Will it fall again? I don't know.
But if it drops again, I would bet on a drop to some Fibonacci region drawn on the chart, and after any reversal signals I would look for an entry.
But before that, I believe that there will be a spike in the rise, and depending on the context, it will not even fall as expected. Just having a crystal ball to know.
🔎 Doing a complementary analysis using on-chain data, we can see that Uniswap's liquidity pools suffered a relevant decrease in the month of May:
🔎 And the total trade volume on Uniswap (in USD) also has this setback:
🔎 Another item that I found interesting to point out, looking at the on-chain data, is the "New address created with non-zero starting balance" in the blockchain, which broke down an important level:
🟢 Despite everything, I remain bullish.
It's not because the last month of May was bad that we will necessarily now have a bad month too.
The last three arrows in the red rectangle indicate that there was a test in this region, and the price did not break down, which could indicate that at least we will have a rebound if there is a stronger drop.
Another thing to note is that the TVL (Total Value Locked) in blockchain seems to be showing signs of reversing:
MATIC BuyBINANCE:MATICUSDT has been broken its down trendline and we can take this trade with great risk reward
MATIC - Multi timeframe analysisPrice action top down analysis - Alignment of directional bias on multiple timeframes gives you a much higher probability setup. Monitoring the 15min for entry confirmations inside of the mentioned zone.
MATIC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this MATIC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Polygon (MATIC) also hit multi-week highs on Wednesday.
MATIC/USD reached 0.5486 at the start of today's session, bouncing back from a low of 0.536 a day earlier.
The move pushed Polygon to its strongest level since September 8, when the token reached a high of 0.5586.
Earlier gains have faded, and the RSI appears to have failed to break out of its range at the 49.00 mark.
Currently, price strength stands at 47.34, however, momentum remains largely bullish ahead of a potential moving average crossover.
The 10-day (red) and 25-day (blue) trend lines are on the verge of moving up, which could lead to a fresh surge in prices.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
1D MATICUSDT.P LONGBINANCE:MATICUSDT.P
No many pro words..just 2 simples ways to wait..Look this Rsi bottom we can see 2 different moments here from chart.and rsi
Matic is goin up for sure..but how high can we holded ? There will always be bubbles ..
Try to get out from the highiest TOP RSI with good earns
STOP FOLLOWING ME !!
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Matic Rally Mode: Your Chance to Buy and Prosper!"Let's embark on a thrilling journey through the intricacies of MaticUSDT! 🚀 Join me as we dissect its price movements, uncover potential patterns, and reveal the hidden gems that could drive your crypto portfolio to new heights. Get ready for an in-depth analysis that's packed with insights and tailored just for you
Welcome to my channel! Dive into the world of cryptocurrency with daily technical analysis, where we explore the latest market trends and uncover potential opportunities. From Bitcoin to a wide range of altcoins, I'm here to provide you with valuable insights and predictions to empower your investment decisions.
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✴️ Polygon Classic Double Bullish Divergence, Bottom SignalPolygon (MATICUSDT) is moving today above EMA10 and EMA21, the indicators that gauge the short-term potential for any Cryptocurrency trading pair.
As soon as a pair is trading daily above EMA10/21, the potential is definitely and always bullish. If the pair trades below these indicators, the short-term potential favors the downside or bears.
The signal I am calling to your attention is the classic bullish divergence, it comes up before a market is about to turn. I call it "double" because here it shows up with the MACD and RSI at the same time.
We can see MATICUSDT producing a lower low (Sep. vs June), while the indicators produced a higher low...
RSI
MACD
Of course, this is only a valid signal because we are taking the entire Cryptocurrency market into the equation, we consider the trend, what other pairs are doing, the volume, market cycle, Bitcoin, geo-politics, astrology, the Stock market and how it all interacts together to make this call.
Since the rest of the constellation of factors are bullish, we can also call this pair bullish with a high degree of success as the final result.
Signals need to be considered in the context of the broader market, this can lend them additional strength and support.
Thank you for reading my dear friend, I truly appreciate your amazing and continued support.
Namaste.
MATIC POTENTIAL BREAKOUT A potential breakout out of the wedge , if the wedge is retested successfully then we can see a massive spike up . All points ( TP & SL ) evident on chart
MATICUSD ❕ rebound from supportTD Sequential formed an up reversal signal (4H TF)
MATIC fixed above 50EMA (4H TF)
RSI is in the buying zone.
The asset will continue to grow after overcoming the resistance level.
MATICUSDTIs MATICUSDT getting ready for some serious bull run?
It seems like the MATICUSDT is in the formation of ABCD pattern.
If the CD leg plays perfectly it will be a sky rocket.
Polygon Matic: It Looks Like It Will Pump Again? Find Out NowI took a look at BINANCE:MATICUSDT.P chart and it is obvious that bearish reversal is upon us...
If you have a glance at the historical data on coinmarketcap, Matic is one of the few OG coins that has yet to lose 90% of its value since ATH.
It had a good reaction at a critical support level, and it made an impressive U-turn!
It is safe to be bullish on Matic right now in my opinion.
Also, there is no unlock event around the corner, still bullish:)
What are your thoughts about this analysis? Share them with me in the comment box.
If this analysis makes sense to you, follow me now and support this idea.
I will continue to update this chart.
Cheers!
MATIC USDT ShortMATIC has came to the 4th Wave fib level 0.38 & position has taken. More Margin will add with the given positions. 1: 2.28 RR ratio.
Bear Flag also forming.
short to mid term Matic prediction ! 30%+ PossibleHello Traders,
Lately It is harder to guess short term targets due to instability of BTC and general outlook of the overall markets.
There are many exciting news but one strike me the most. Instagram, Facebook officially begins testing Polygon integration! 🤯🔥
If deployed widely, anyone in the world will be able to connect their Polygon wallet to Facebook and display NFTs as posts. Mass adoption infrastructure in the making.
I believe Matic could pull %30-100% in near term from the current levels of $0.450. But of course BTC should not crash! However I remember last big BTC crash , Matic was able to pull huge counter move against BTC so anything is possible. Volume relatively high and it is decreasing while correcting. So in order for bears to go down any further they will need huge volume but looks like bull momentum could gain upper hand here at this point for a while.
