MATIC UPTDATE - Top down analysis.MATIC setup played out nicely now I am monitoring for a potential high risk against the trend corrective move. Entry confirmations are needed and if the market does satisfy my entry rules I will be entering with reduced risk due to the bearish momentum and trend.
MATICUST trade ideas
MATIC Faces Rain 🌧️, Next 24 Hours Bearish Cloudy ☁️, rainy 🌧️, and even stormy ⛈️ trading conditions lie ahead in the next 24 hours. This translates into a bearish market with downside risk for cryptocurrencies. Particularly Polygon, Ether, Cardano, and Polkadot may come under pressure.
Over a one-week horizon, the bearish trend will continue to linger over the crypto universe with Bitcoin being the notable exception. Slightly bullish sun ☀️ will shine over the world’s largest cryptocurrency with a possible upside in its price over this longer time horizon, ATTMO forecasts show.
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MATIC/USDT 1DIntervalI invite you to review the MATIC chart. As we can see, the price dropped below the blue EMA Cross 200 line, thus returning to the strong downtrend. However, here, after marking the downtrend channel, we can notice that the price breaks out of it sideways, which may have a positive impact on it and may translate into a change in direction.
When we unfold the Fib Retracement grid, we can see that the price has returned and remains in a very strong support zone that starts at $0.58 and continues up to $0.31.
Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that there was a strong rejection of the price from the zone from $0.74 to $0.90, but when the price breaks it, it will have an open path towards the second zone from $1.15 to $1.33.
The CHOP Index indicates that the energy is gaining more and more strength. However, the STOCH and RSI indicators show a visible recovery with room for the price to drop to a lower level.
MATIC short - swing trade (update)
MATIC going nicely so far. Taken some off to have some extra capital to add to possible more shorts lower - IF we confirm.
Stops at breakeven so let's see where we play from here.
Plan remains the same for now until proven otherwise.
Looking for a run of the lows sitting at 0.50$ and 0.4325$.
Clear invalidation IF we hold above 0.5815$. IF we confirm the deviation you can look to add shorts below 0.5425$.
Entry market
TP 0.50$
TP 0.4325$
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Long scalp on MATIC hereTrying a long scalp on the 786 here as price action shows a nice range along the channel.
MATIC short - swing trade Opened a short on MATIC looking for a run of the lows sitting at 0.50$ and 0.4325$.
Clear invalidation IF we hold above 0.5815$. IF we confirm the deviation you can look to add shorts below 0.5425$.
IF we start pushing higher and hold above 0.5815$ I will look to reduce my position. Let's see what pa gives us in the coming hours and days.
Entry market
TP 0.50$
TP 0.4325$
SL above 0.5950$
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
"Matic Unleashing the Potential of Layer 2 Scaling in Blockchain Riding a Bullish Wave Today
Matic Network (now rebranded as Polygon) is experiencing a remarkable bullish trend today. With its robust layer 2 scaling solutions for Ethereum, Matic has become a key player in the blockchain ecosystem. Its recent surge can be attributed to growing adoption by decentralized applications (dApps) and DeFi projects seeking to alleviate Ethereum's congestion and high gas fees. Additionally, Matic's commitment to interoperability with other blockchains has garnered investor confidence. As institutional interest in the broader crypto market continues to rise, Matic's innovative approach to scaling and its expanding ecosystem position it favorably for sustained growth in the near term.
tricky but calculated riskThis setup has been quite the puzzle over the last 24 hours. Despite the bearish signals in the higher timeframes, I have a strong conviction that this is poised for an upward move. The key lies in the retest of the center of the channel, where we should receive confirmation of either a genuine higher timeframe reversal or a powerful bullish candle. Time will be the ultimate judge here. I've initiated a small position within our green box, right at the confluence of the current market structure. Tight stops, will add more to this idea shortly
MATICUSD ❕ divergenceTD Sequential has formed a reversal signal down (30m TF)
The price is working off the formed divergence.
I think that MATIC will continue to decline.
MATIC Bullish 24-Hours and One-Week Horizon ☀️Bearish clouds ☁️ weigh on the global crypto market in the next 24 hours, signaling a downside risk. However, Cardano, Avalanche and Polygon face more lenient trading conditions, with ATTMO indicating some slightly bullish sun. ☀️
Over a one-week horizon, this slightly bullish sun is set to shine over both major cryptocurrencies – Bitcoin and Ether. ☀️ This upward trend is forecast to be even stronger for Cardano, Avalanche and Polygon.
Other coins, including Litecoin, Ripple, Binance Coin, Dogecoin and Polkadot won’t profit from this sun and will continue to face slightly bearish clouds. ☁️
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MATIC/USDT In the Crucial Zone, MATIC Need Bounce to Continue Up💎 MATIC is undeniably on our radar. Currently, it's nestled within a support zone after facing a staunch rejection from the daily resistance. This juncture will determine MATIC's next move: either ascend to re-challenge the daily resistance or descend towards the imminent demand zone around $0.537.
💎 If MATIC does dip to this demand and witnesses a strong rebound, it could be indicative of a liquidity sweep, which often precedes a significant bullish rally.
💎 However, should MATIC struggle to regain its footing in the support zone post touching the demand, it might be a red flag. This could suggest a potential further decline for MATIC, possibly towards the next support level and even potentially to the critical support zone.
MATIC/USDT bullish momentum? 👀 Matic Today Analysis💎 Paradisers, pay attention! We are observing an exhilarating opportunity with #MATICUSDT as it breaches the daily resistance level, gearing up for a bullish move.
💎 Upon meticulous analysis, we’ve noted that #MaticNetwork previously broke below the ascending channel and embarked on a downward trajectory. Currently, it’s unfolding two possible scenarios.
💎One possibility is it retests 0.5499 and initiates a bullish move. The second scenario is it breaks that level and establishes a downward trajectory to retest the daily support level.
💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights!
MATIC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this MATIC/USDT update from Crypto Sanders.
Chart Analysis:- Polygon (MATIC) rose for a back-to-back session on Wednesday, hitting a multi-week high in the process.
MATIC/USD moved to an intraday high of 0.5937 in today’s session, which comes following a low of 0.5523 the day before.
This resulted in the polygon climbing to its highest point since August 29, when the price peaked at 0.6355.
the surge saw the relative strength index (RSI) rise past a ceiling at the 62.00 zone.
the index is now at a reading of 62.76, with an upcoming resistance level at the 70.00 point.
A crossover between the 10-day (red) and 25-day (blue) moving averages also seems to be one of the reasons for today’s rally.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
MATIC - 04/10/23#MATIC
Very bullish making a higher low this month to date at $0.5413, looking to take out the SUPPLY at $0.6387 which would try the Monthly high as well.
MaTicHi guys
I just think this currency is very attractive or do you also believe that we have an attractive trend ahead?
Our long-term downtrend line is preserved. As a result, we do not expect an upward trend in the medium term.
However, due to the engolfing of the resistance area and maintaining the support area of $0.4856, and most importantly the price lag in Ichi Moko, I expect the formation of an upward trend.
Matic - The Bulls Have The Price ControlMatic - The Bulls Have The Price Control
From our previous analysis, the price reached both our targets.
So far the price broke out through a strong resistance area and this is increasing the odds for another and bigger bullish wave.
The price may spend some time above the 0.5400 support zone before it resumes the next bullish move
Targets: 🎯 0.587 🎯 0.6200
PS: This is a trade that I am updating from the previous analysis for Matic.
it is doing well.
Thank you and Good Luck!
MATIC Idea & SignalBINANCE:MATICUSDT
Hi traders!
The good time to enter the trade, when price have been broke resistance line and within the upward channel and slightly above the closed candles of the past 2 hours.
One crucial thing to do in trading:
Pay attention and be patient.
And one important thing not to do: be greedy and lack stop loss and take profit orders.
Good luck!
⚠️ Disclaimer: The following insights reflect my personal perspective on the market, relying on publicly available information and historical data. While some opinions stem from my actual trades, others do not. I am not a financial advisor, and I bear no responsibility for your trading choices.
✅ Feel free to reach me out with any questions or recommendations. I am more than willing to assess and analyze any currency pair or index that piques your interest.
$MATIC SHORTMarket has cleared daily BSL/M15 BSL.
We are at premium zone according to H4 Discount and Premium zones.
WE have MSS in M15 and market reacting off M15 FVG C.E
MATIC heading for bearish retest MATIC is actually look bullish on a short term… MATIC heading towards the bearish retest….
MATIC Long Position IdeasMatic/USDT, have break the neckline of the double bottom in (1D/4H TF), possibility neckline will be the new support for Matic at 0.5472, i'm hoping the price to break the resistance at 0.5690, and it should continue the bullish, helped by stochastic RSI crossing at the 4H TF. Comment if you have different thoughts.
Matic to USDT will continue to grow in the coming daysA successful retest of the buy zone (blue rectangle) will allow Matic to continue to grow in the coming days towards the USDT. The nearest growth may be 4-5%
