Polygon MATIC/USD Long-Term TargetThe optimal scenario for Matic during the upcoming bull run involves me becoming a buyer at any price below $0.40.
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.
$MATIC scalpVery good Short entry here on CRYPTOCAP:MATIC , good risk to reward ratio, broke the weekly support here
MATIC/USDit's matic/usd chart (polygon)
matic dropped 80% on the local chart
i think 0.51 was last low, so i am buying on this levels ...
my target will be 1.16$
it is fib GP level.
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.
✴️ 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.
MATIC showing a bearish continuation patternMATIC showing a bearish continuation pattern. 📉 Keeping a close eye on the daily and H1/H4 charts
#Crypto #Polygon - Trend is your frenMatic is setting a new recent high that was confirmed by RSI. It has just formed a nice bull flag.
Stochastic appears to be turning up.
All good news. Time to ride the trend with a short stop.
RSI for high was 70 so new high for RSI .
Slow STO is 53 so it has bottomed out above 50 which is a strong signal.
Volume was 14M on recent high and 4M on previous high.
Price is 0.773
Target 1 is 0.89
Stop loss at 0.71
✴️ 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.
MATIC 7/3/23MATIC Depth chart on coinbase advanced shows the range? $0.65-0.75? I will get in around 0.6501 out around 0.7420 lol 14% move!
Fractal autoMATICaA.I running this chart must love fractally aesthetic B waves, just look at those B wave bits ...yummy ...
milk will flow like honey below .40
nfa
y axis only
dyor
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...
MATIC WILL NOT BREAKOUT UNTIL NEXT YEARa target of 3.3 to 5 for MATIC and a short term downside to 0.47
will not breakout until Dec 2024. Some ALTs will be sideways, until investors capitulate out of boredome. Liquidity will go somewhere. where else?? but to the Omega. -- XXX
Matic shortPolygon 2.0 architecture revealed, introduces unified liquidity & unlimited scalability
Formerly Matic Network, Polygon has seen attention lately, considering Securities and Exchange Commission clampdowns and platform delisting. Alongside other top alts, the SEC named MATIC as security in ongoing crypto regulation wave.
MATIC SHALL WE?Well looks like Matic is about to break the trend line very well
wait for the good break on the 1hr chart or 2hr chart, a retracement on 1hr or 30min chart and then we can long
Sl - 0.647
Tp 1 - 0.7
Tp 2 -0.78
tp 3 - 0.89
✴️ 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.
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!!
Matic Sandeep Ball so DeepPrice back under high range, as of now its a deviation, any movement above the higher range shall be confirmation of cut losss
i hold grudge torward sandeep coz his ball so deep in matic.
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.
