MATIC ANALYSIS🔮 #MATIC Analysis - Both Side Scenario 🚀🚀
💲💲 #MATIC is trading in a descending channel pattern and trying to breakout the channel but rejected from the resistance zone. We may see a rejection till its support area. But if the price of #MATIC breaks and sustain the higher price then will see a pump 📈📉
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#MATIC #Cryptocurrency #Support #Resistance #DYOR
MATICUST trade ideas
MATIC Another Leg Down? Or Will We Bounce To The Upside?MATIC is currently pulling back from its fanning bull channel into a bear channel that currently has two pushes down. This could be a 2-legged trap and the completion of the pullback before heading toward the upside.
How do we trade this?
In the short term, we should be looking for shorts since we've identified this bear channel. If the current 4HR candle closes on or near its low, that's a reasonable short setup to take with a tight stop above the bear channel resistance (4HR 30EMA). A 1:2 Risk/Reward ratio should be the target take profit in this setup while keeping a close eye on that 200EMA showing support. If a bull bar closing on or near its high shows itself, time to get out. The RSI is around 45.00 and above the Moving Average, not a strong indicator for either direction, but there is room to fall.
Key Points
1. Bear Channel, Bias to Short.
2. Two Pushes Down, Looking for a Third!
3. The 200EMA may act as support.
4. RSI around 45, Indecisive.
5. Third leg down, small position Short.
You are solely responsible for your trades, trade at your own risk!
Let us know what you think in the comment section below!
Time to shine again MATIC - 1.25$ again. Hello spot traders,
CRYPTOCAP:MATIC already formed and broke a cup&handle pattern as shown
My final target it is at 1.2$
looking at smaller time frame, CRYPTOCAP:MATIC seems moving sideways a bit between 0.84$ - 0.98$ midline of sideways channel 0.9125$
My stoploss will be 1d candle under 0.84$
Breaking 0.97$ with 4h candle confirmation ---> run towards 1.2$ (30% from current price)
Thank you
Follow for more
MATIC: Liquidity Sweeps as Precursors to GrowthThe crypto landscape is buzzing with excitement as MATIC (Polygon) exhibits a fascinating pattern before significant upswings – the liquidity sweeps or order flow dynamics. Notably, MATIC recently executed a liquidity sweep below the 0.5 imbalance level, signaling a potential prelude to an upward move targeting $1. Let's delve into the details. 📈🔍
MATIC's Liquidity Sweeps and Growth Pattern:
Consistent Pre-Rally Behavior: MATIC has shown a consistent pattern of conducting liquidity sweeps or order flow adjustments before embarking on notable upward trends.
Recent Sweep Below 0.5 Imbalance: The most recent liquidity sweep occurred below the 0.5 imbalance level, suggesting a potential accumulation and preparation phase for a significant move.
Key Price Levels:
Sweep Confirmation: Observing the confirmation of the recent liquidity sweep below the 0.5 imbalance level, which may act as a crucial point for initiating the next bullish cycle.
Targeting $1: With the historical context of MATIC's behavior, eyes are set on a target of $1 once the liquidity sweep is confirmed, aligning with previous growth patterns.
Trading Strategy:
Confirmation and Entry: Await confirmation of the liquidity sweep and look for entry points aligned with supportive price action and volume.
Strategic Entry Points: Strategically plan entries based on the confirmed pattern, considering your risk tolerance and trading strategy.
Risk Management: Incorporate effective risk management tools, such as stop-loss orders, to navigate potential market fluctuations.
Conclusion:
MATIC's consistent pre-rally behavior, marked by liquidity sweeps, adds an intriguing layer to its trading dynamics. The recent sweep below the 0.5 imbalance level positions MATIC for a potential surge towards $1, making it a compelling asset for traders.
Wishing you successful trades as MATIC unfolds its next chapter!
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Matic new ATH?Last my TA about #Matic played out perfectly both ways.
Here is update:
as long as price stands above 0.72$ I expect the continuation of the uptrend towards to 1.28 -1.38$
Below 0.72$ we may see lows again.
MATICUSDT beautiful short opportunityBINANCE:MATICUSDT.P
Matic is looking very good for a short opportunity, exact Head and Shoulders pattern forming in 4Hr and 1Hr. Entry after the breakdown of the marked level. Book some chunks of profits at these levels' trade might take days for weeks, so be patient, keep trailing and watch out for this trade.
Polygon zkEVM to Undergo Crucial UpdatePolygon zkEVM has announced it will be undergoing a major protocol upgrade Today, November 23 as the protocol gets crucial face-lift.
Polygon zkEVM Mainnet Beta update is underway and in anticipation of the advancement, the network has released some core information for users in its ecosystem.
Polygon zkEVM Upgrade Schedule
According to layer-2 protocol, the update of Polygon zkEVM Mainnet Beta infrastructure will occur on November 23 at 13:00 UTC and it is expected to happen within 30 minutes. Markedly, there will be no interruption of the activities on the Polygon network during this time, except for when the update has been completed and the sequencer takes approximately 2 minutes to restart.
Just as with other notable upgrades in the past, no action is required from end users prior to the upgrade or even afterward. This is because no alterations have been made to the side of the Polygon zkEVM that impacts them. Only developers are required to upgrade their node, prover, and bridge to the latest versions to grasp the network’s full potential and continue to build Decentralized Applications (DApps) on the Ethereum blockchain.
The upcoming update is a pivotal move for the Polygon zkEVM as it comes with several significant changes and features. In the long run, these changes will play important roles in the zkEVM node, bridge, and prover infrastructure, including changes to RPC, sequencer, synchroniser, and databases. One other fix that would come with the zkEVM update is Web socket improvements.
Impressive Upgrade Pathway for zkEVM
Markedly, the Polygon zkEVM Beta version was first released earlier this year. This was after a funding round of $1 billion, two audits conducted by third-party organizations, and an internal audit involving 26 researchers. Sandeep Nailwal, Polygon’s co-founder explained how the zkEVM brings an extra level of innovation to the deployment of DApps.
Since then, several upgrades have been introduced into the Layer-2 scaling solution. In April, Polygon announced the addition of the Polygon PoS Bridge to the Polygon zkEVM. Another milestone is the integration of the network with other projects.
Polygon’s native token MATIC spiked 3.44% on the news and is changing hands at $0.7782 at the time of writing.
This is first Analysis for mebad az shekast 3 top , gozar az 3 EMA (20,55) position short baz kardam.
#MATIC/USDT is forming the Head & Should Pattern in 4-Hour TF!#MATIC/USDT is forming the Head & Should Pattern in 4-Hour TF!
CRYPTOCAP:MATIC breaks the neckline and I am expecting some more dump. Reclaim above the neckline will invalidate the pattern.
MATICUSDT - BullishMATICUSDT.P is forming a bullish divergence, and try to break the nick line. If its break the nick white line and retest the nick line. we can open long position on nick line.
LDO About To Mool Like MATIC MartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space.
Ive been watching this pattern develop for many months and its now finally getting close to breakout . Be aware
This chart helps show you ALT Season is about to start.
The ALT Market is in its bottoming phase, be prepared. ALT Season is coming. This is the time when its possible to make life changing money .
Do NOT miss out on this coming bull market
Matic ResistanceSpeculating the 0.7550 and 0.7950 resistance. It will be hard to brake this resistance, but its easy to reach.
Trade safely.
#Matic #MaticusdtIt is moving in a descending channel. With the failure of the neck line, this pullback can be the return to the broken structure to continue the path and the bottom of the channel of the specified support range.
📊#MATIC double bottom targets were all achieved, cautious📉🧠After all our double bottom targets were achieved, we formed a smiley bearish structure above the resistance zone. Yesterday's rise was not strong, and we did not successfully break through the resistance zone. Therefore, we believe that the probability of continuing the decline is greater than the probability of rising, so it is very reasonable to continue to fall to achieve the target of the bears. After achieving the goal, the lower buy zone is worth paying attention to.💥
Let's see👀
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MATIC CORRECTION MOVEMENT Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
MATIC APPROACHING OUR SUPPORT AGAIN!
As we can see price is trading inside this falling channel making clean lower lows and lower highs.
Meanwhile, price is approaching a strong support zone, where we will be looking for new longs.
Moreover, and as per my trading plan, i will be waiting for a new swing high to be formed around our falling trendline then a break, if this happens, then a movement higher again would be expected.
Until that price is still overall bearish and can still trade lower.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Looking For Resistance Break on MATIC For a LONG Trade. Currently looking for a bullish swing trade on MATIC's 1HR timeframe. Using the Logical Trading Indicator V.2, the BUY signal fired with a bounce from a demand zone, which is showing a possible bottom for the current down trend.
Only Time will tell though. I am looking for MATIC to break the .86 level then flip it from resistance to support. When this happens, I will start average into the trade.
I also day trade MATIC using leverage on ApolloX exchange, which is a DEX on BSC (Binance Smart Chain), but I have a stack that I like to use for spot swing trades to hedge my day trading risks.
In my personal opinion, we are done with the crypto bear market and are just working our way back up, building market structure as we go.
My little personal disclaimer...
This is definitely not financial advice... Crypto trading comes with some big risks, so make sure to do your own research and analysis! This is just what I am looking at for my own trades, so if you follow me into battle, and you lose, that means I do too. Can't be right all the time, but I do my best!
MATIC IS DOWNmatic is designed with a head shoulder, we will possibly have it visiting, at around 0.62 cents
$MATICGot on a short position that counts for 1.76 R.
I also expect a correction in the market and BTC.
MATIC HEAD & SHOULDER TRIGGERED MATIC DOES LOOK GOOD TO ME.
Matic Heaf & shoulder pattern has confirmed triggered. it can take little pull back to trend line but overall it’s heading down side.
this is NOT financial ADVICE...
NEXT STOP FOR MATIC IS 0.58 TO 0.60 AREA.
I AM EXPECTING A LITTLE BOUNCE FROM HERE THAN I LL aggressive GO SHORT TO MATIC
Matic "Head & Shoulders" pattern formationIt looks like MATIC formed a head-and-shoulders on its 4-hour chart!
A sustained candlestick close below the pattern's neckline at $0.79 could trigger a 16% correction toward $0.67. Invalidation of the bearish outlook comes with an upswing above the right shoulder at $0.86.
