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Polygon Token (MTC)Polygon Token (MTC)Polygon Token (MTC)

Polygon Token (MTC)

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MTCUSD trade ideas

Will This Wedge Breakout Boost MATIC Price By 20%?Wedge Breakout: MATIC price shows a bullish breakout from a falling wedge pattern, indicating potential growth. 24-Hour Jump: The Polygon coin price has increased by 4.54% in the last 24 hours. 20% Growth Projection: A bounce from $0.65 could lead to a 20% increase in MATIC coin price. Rejection at $0.85: Extensive selling pressure at this price led to a falling wedge pattern and a 22.60% discount to $0.65. Recovery from $0.65: MATIC price bottoms out at $0.65, marking a 4.78% recovery. Bullish Reversal: A morning star pattern at $0.65 indicates a bullish reversal, potentially challenging resistance at $0.7160. Positive Technical Indicators: MACD and RSI indicators support the recovery rally, with signs of a bullish crossover and uptick. Potential Breakout Rally: Trapped momentum from the wedge pattern may fuel a rally, possibly breaking the $0.85 swing high. Risk of Early Reversal: If MATIC prices fall below $0.65, the market value could drop by 7.39% to $0.60.
COINBASE:MATICUSDLong
by Coinpedia-Market-Insight
MATIC Set For A New Price Dump? Matic increase this place a solid support train line in action in the four-hour chart. The recent correction under the influence of a new resistance trendline has resulted in a decline of 21% since 13 July. These trendlines form a symmetrical triangle. Currently, the polygon prices are the support trendline after dropping below the crucial support level of 0.7160. Additionally the selling pressure seems pretty evident with the ongoing correction phase and the rise in trading volume. As per the EMAs, a potential death cross is seemingly inevitable. The RSI indicator is in the oversold zone projecting an extra bull cycle within the triangle before any decisive moves. A bullish breakout can reach the $0.7990 swing high. However, a bearish breakdown will prove catastrophic for the polygon investors as the prices can dump by 13.76% to $0.60 At present, the price is within no-trade zone, and traders should wait for a decisive breakout.
COINBASE:MATICUSDShort
by Coinpedia-Market-Insight
✴️ Polygon's (MATIC) Long-Term Target Mixed ($4.84 or $7.64)✔️ Let's start with the good news, the last 4 sessions MATICUSD closed green, that's an entire month growing... Great. ✔️ Higher highs and higher lows since June 2022, that's an entire year growing... Awesome. The next All-Time High for this Altcoin is a bit mixed. We got two numbers one being between $4-$5 and the other one being $7.6. We are going with the latter one, this is a prediction for the next Cryptocurrency bull-market peak. Polygon (MATICUSD) can hit around $7.6 or around 8X (800%+) growth from the current price. This can obviously change and is not set in stone. But that's my prediction for the long-term future. Feel free to share yours. Namaste.
CRYPTO:MATICUSDLong
by MasterAnanda
2
✴️ Polygon With 6X Leverage (Experienced Traders/Adults Only)I am feeling kind of certain about the current condition of the Cryptocurrency market. How about you, how are you feeling? Leveraged trading is for experienced traders only or whomever wants to trade of course. This is high risk and can result in liquidation and all money lost. If you don't know what you are doing, if you can't take a loss, please stay away. With that said, let me show you my latest trade. 
========= LONG MATICUSDT Leverage: 6X Buy-in: $0.6500 - $0.6700 Targets: 1) $0.7410 2) $0.7800 3) $0.8700 4) $0.9620 5) $1.1111 6) $1.2300 7) $1.4750 8) $1.6500 Stop-loss: Close daily below $0.6300 Potential profits: 900% Capital allocation: 3% ========= Thank you for your continued support. Namaste.
CRYPTO:MATICUSDLong
by MasterAnanda
20
Polygon is going to stay sideways and boring-Since 2021 if you have bought this coin and have not let go.. welcome to the sideways club because this coin has been on a rollercoaster of gains and declines inside this massive triangle that has formed. Triangle's can be very annoying if you do not like to trade them that is why we have angry emoji!!!! This coin should stay sideways for the coming future so if you are looking to get in at a price in this range you should be able too. I believe once this triangle is broke we should reach new Highs...
COINBASE:MATICUSD
by UnknownUnicorn910751
✴️ Polygon | One Of The Strongest AltcoinsMATICUSD is definitely one of the strongest Altcoins we've seen so far. Even though this Altcoin project was mentioned in the SEC lawsuit, it remains trading within a higher low compared to last year and this at a much higher price, 50% higher than the June 2022 low. And so we have a long-term higher low with a very strong long-term hidden bullish divergence on the RSI. The hidden bullish divergence happens when the pair, MATICUSD in this case, produces a higher low yet the RSI produces a lower low. Even though there can be additional correction short-term the probabilities favor the bulls. This is going up regardless... If not within days, maximum weeks. That is what the chart is saying. Namaste.
CRYPTO:MATICUSDLong
by MasterAnanda
1
MATICUSD is rebounding on a 2.5 year old Support!Polygon / MATICUSD almost hit the Rising Support that goes back all the way to January 2021 and is now rebounding. This is perfectly viewed on the 1week time frame where the price hit the 1week MA200. As the 1day RSI is also rebounding, a crossing over the MA line, will confirm the bullish trend, like it did on July 4th 2022. Buy and target the 1day MA100 on the medium term at 1.1500. Follow us, like the idea and leave a comment below!!
CRYPTO:MATICUSDLong
by TheCryptagon
5
MATIC STRONG BEARISH Falling KnifeTrend stron bearish RSI Momentum below 50 strong bearish Nearish Volume rising Support will break soon Matic will fall deeper ADA, MATIC, SOL face the music as Robinhood delists tokens Hours after Robinhood delisted ADA, MATIC, and SOL, the price action of the tokens was not what participants would have hoped for. The decision to end support for the tokens caused a $387 million wipeout from the crypto market. Several indicators revealed that ADA, SOL, and MATIC’s momentum were bearish. The prices of Cardano , Polygon , and Solana tumbled in double-digit figures after Robinhood confirmed that it was delisting the tokens from its platform. While the U.S. trading platform did not give cogent reasons for its decision, speculation went around that it was linked to the recent SEC “unregistered securities” tag. Unlike recently targeted exchanges like Binance and Coinbase, Robinhood is duly regulated by the SEC. Hence, it could have been necessary to take such action. Regulatory fear leads traders to liquidation In its statement, Robinhood noted that no other coins were affected. But holders of the ADA, SOL, and MATIC had until 27 June to stop transacting the tokens. As the sudden move sent shockwaves through the crypto market, the implication of the decision revealed itself. According to CoinMarketCap, SOL’s value decreased by 22.47% in the last 24 hours. ADA could not escape the heat, registering a 23.06% decrease. As for MATIC, it was down by 26.12% within the same period. Because of the significant decline in the prices of these tokens, liquidations in the past 24 hours surged to $387 million, with longs suffering the most. Based on the liquidation heatmap from Coinglass above, SOL accounted for $15.15 million out of the total wipeout. MATIC’S liquidation went up to $8.54 million, while ADA was $15.87 million. Red season for the cohort Meanwhile, an evaluation of the ADA/USD daily chart showed that the token’s momentum had breached the oversold region, as indicated by the Relative Strength Index (RSI). At 17.21, the RSI showed that selling pressure was tremendous. Thus, the momentum was bearish, and slight buying power might do almost nothing to save the price action from the press time state. The daily timeframe of MATIC was not any better. This was because the Awesome Oscillator (AO) was down to -0.1139. Thus, AO crossing into the negative territory indicated a bearish signal.
CAPITALCOM:MATICUSDShort
by DaveBrascoFX
Matic at the high range. Btc is at key level decision 28.4k and all i saw is price at high range. Matic is at high range Deviation from high range Entry short if deviation confirm and price get back in range. This will confirm 70% that maker want to continue playing in range. Invalidation of this when price make lower high above range high and continue make higher high. Basis for this short 1. Macro seems like shit in coming months especially Q3 Q4 2. Tightening of credit facilities, its going to be hard to get new money 3. Recession looming and this going to be the first time ever btc going thru recession. We want to see how btc react in that period. 4. On a higher time frame price still in range.
COINBASE:MATICUSDShort
by BobbyAxelrode