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MATIC Network / TetherUS

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MATICUSDT trade ideas

MATIC could get a move to the upsideThe execution of this strategy may require a significant amount of time and planning, but it has potential with a possibility of the commencement of a weekly bullish divergence within a four-day timeframe. It would be advisable to closely monitor this development, as it may present an opportunity for a swing long position. It is worth noting that despite the current low volume in the crypto market, the high timeframes are displaying favorable divergences, making them worthy of attention. I consistently emphasize the significance of identifying divergences as they are my top trading strategies.
MLong
by Cryptodaveslife
MATIC Faces ☁️ - Downside Risk. Short Opportunity? 🤔Bullish sun shines over the global crypto market in the next 24 hours. ☀️ Some altcoins such as MATIC, XRP, and Avalanche do, however, face some ☁️ and a slight downside risk. Over a one-week horizon, ☁️ and rainy trading conditions can be expected, signaling a bear market for most of the crypto universe, MATIC included. Binance, Polkadot, and Chainlink won’t be affected, according to ATTMO, which forecasts ☀️ over this longer period. Follow us for more crypto weather reports!
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by ATTMO
MATIC Polygon Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook: FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices. Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure. Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks. Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment. Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market. Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply. Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market. Considering the above, my Price Target for MATIC Polygon is $0.41. Looking forward to read your opinion about it.
MShort
by TopgOptions
📈📊 #ChartPattern Alert! 📈📊 📈 Falling Wedge 📈📈 What is a Falling Wedge? The Falling Wedge is a bullish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bullish reversal, with the price likely to break upward after the wedge pattern. 📈 How to Identify: Draw a trendline connecting at least two higher highs (upper trendline). Draw another trendline connecting at least two higher lows (lower trendline). 📈 What it Signals: The Falling Wedge suggests a potential bullish reversal, with buyers gaining strength as the price reaches higher lows within the wedge. It often forms during downtrends and can precede a significant price move to the upside. 📈 Trade Strategy: Consider buying when the price breaks above the upper trendline of the Falling Wedge. Set profit targets based on the pattern's height added to the breakout point. Implement a stop-loss to manage risk in case of a false breakout. Remember to validate your analysis with other technical indicators and conduct thorough research before making any trading decisions. Happy charting and trading! 📈💹
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by RaffDN
Matic 91123Very bad. Looking much like Solana but on fentanyl. This , BNB and a few others like AVAX. Look ready and set up to collapse massively. These are the levels to the downside. It must take out the previous high to really set up any bullish push up. This is really a garbage support its coming up on. RIght now its in free fall. Yes it could get a scam pump up but unless it takes out the previous high. Look for downward consolidation at best, but honestly I expect collapse Bitcoin is king
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by BrandonrG
MATIC on its way back to earthThe price has broken below the descending triangle, signaling a bearish trend with a target of $0.369. If BTC retraces to its 15k low, MATIC could potentially drop to $0.25 or lower. With regard to the BTC-pair The price is at a critical level, and if this level of 2000 sats can't be held, the price will likely get down to 1700 sats! It is, therefore, prudent to keep an eye on the 2000 sats level, as it will play a vital role in dictating the price direction in the upcoming months! The overall altcoin market is not looking strong. Regardless of the direction of BTC, the BTC dominance is expected to go up, and altcoins won't perform well against BTC.
MShort
by MBM_Crypto
5
MATIC: The ride to 0.5$ may begin soon!Given the anticipated downward trajectory of BTC from its current levels, the price of MATIC will likewise experience a decline. Ant it has become more evident as the price has undergone four retests at the lower boundary of the triangle, indicating a potential greater downward movement soon! Consequently, a break to the downside is expected, and it may be prudent to adopt a wait-and-observe approach for more favorable pricing opportunities. It's said that one day, the mighty MATIC will set its course for the moon, but for now, it seems to be headed back down to Earth! Keep your eyes peeled and your senses sharp, as this journey promises to be a wild ride filled with unexpected twists and turns! :)
MShort
by MBM_Crypto
29
MATIC on the verge The future price of MATIC depends on which of the two lines breaks strongly... If it breaks the red line, the behavior will be very bearish heading towards the orange lines, and if it breaks the green line, we will go towards the blue lines. Unfortunately I think that the behavior will be bearish, since we have been in a bearish scenario for a long time. However, I still hold out hope for a bullish scenario due to the possible good news that may be coming regarding the Bitcoin ETF, which, if approved, would lead the entire market to rise in a very beautiful way.
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by Cinnamon_Club
Polygon (MATIC) formed bullish Gartley for the next pumpHi dear friends, hope you are well and welcome to the new trade setup of Polygon (MATIC) with US Dollar pair. Previously I shared a long-term trade signal of MATIC, which produced almost 250% rally as below: Now on a 4-hr time frame, MATIC has formed a bullish Gartley move for the next pump. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
MLong
by moon333
MATIC/USDT 4H Interval Review ChartJHello everyone, I invite you to review the MATIC chart on a four-hour interval. First, we will mark with blue lines the downward trend channel in which the price is currently approaching the upper limit, which may provide an indication of the price direction in the coming days. When we look at EMA Cross 200, we can see that a break above the current channel may result in a return to the strong upward trend for MATIC. Let's start by marking support points for the price and we can see that first we have a support zone from $0.55 to $0.49, where the price is currently holding, but if the price drops lower, the next zone is from $0.41 up to $0.35. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that the price has currently bounced off the resistance at $0.61, then we have the first resistance zone from $0.67 to $0.71, and then we will move towards the second zone from $0.76 to $0.83 $. The CHOP index indicates that there is still a lot of energy for a continuation of the movement, the RSI index is back to the lower part of the range, while the STOCH indicator indicates that MATIC has been oversold, which may affect the side trend or price rebound.
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by cryptodailyuk
3