MTCUSD trade ideas
Bearish ContinuationDear Trader,
I trust you're doing alright.
MATICUSD is currently trading within a rectangle range. The current bias is bearish as the most recent price action is a break below the resistance level. We thus expect the price to continue downwards.
On the other hand, if the price should trade above the trendline resistance and break the current static resistance level, this would change our bias to bullish.
Dear trader, what is your thought on MATICUSD?
Kindly like and comment below.
MATIC price is currently facing a bearish trend, challenging theMATIC price is currently facing a bearish trend, challenging the $0.50 support level.
The crucial EMAs in the MATIC price chart are bearishly aligned.
A breakdown below $0.50 could lead the MATIC price to drop to $0.45.
Despite Bitcoin's potential comeback, MATIC struggles to tap into the bullish momentum.
MATIC price shows a falling wedge pattern, which typically indicates a potential bullish reversal.
The daily chart reveals a falling channel pattern with a 66% correction over the past seven months.
A breakout from this trend could push MATIC towards the $0.60 mark, but a breakdown could lead to prices of $0.48 and $0.45.
MATIC will go back to 0.4569 will it?BINANCE:MATICUSDT will go back to 0.4569 will it?
Because the chart has seen a breakout of the 0.5061 area, so for the next demand, it will return to 0.4569 and if it is not strong in the demand area, it will drop back to the 0.3441 area.
good luck everyone!
Can the $0.52 Support Propel MATIC's Next Rally?MATIC price rebounds from the $0.52 mark.
The current rally is testing the short-term resistance trendline.
A successful trendline breakout could propel MATIC towards $0.60.
Year-to-Date, MATIC has dropped by 25%, trading at a significant 64% discount from its 2023 peak of $1.56.
Polygon (MATIC) finds strong support at $0.52, preventing a further decline to $0.50.
A demand zone is forming at $0.52, hinting at a double bottom reversal with a target at the $0.62 resistance.
MATIC forms a morning star pattern at $0.52 and has risen by 2.59%.
The price action at $0.52 suggests a higher likelihood of a breakout.
The 4-hour chart reveals a descending triangle pattern for MATIC.
Technical indicators, including MACD and RSI, are bullish.
A breakout above $0.60 could set MATIC on a path to $0.80.
A bearish turn threatens the $0.52 support, with potential drops to $0.48 and $0.45.
MATIC Support retest or chain baiting?Large influx of matic to exchanges. Multiple aggregated transactions to exchange without any withdraws in the past few hours.
$0.30 Matic is a optimal long term entry.
NFA
A short term pump the a dooms day!Matic on weekly showing a very weak chart. The The3eyedScalp indicator is turned red as well as the trend has been broken already.
Trapped In A Triangle MATIC Prices Are At Crossroads!MATIC price action shows a sharp decline, leading to the formation of a triangle pattern.
A potential breakdown could see MATIC prices fall below $0.50 to $0.4480.
Conversely, a bullish reversal might propel MATIC prices to $0.70.
Polygon's price has found support at $0.53, hinting at a short recovery.
The upcoming Bitcoin ETF's SEC deadline might bring a bullish spike for altcoins.
MATIC's price action within the 4-hour chart forms a triangle pattern due to the resistance trendline.
Despite crashing to the triangle's support trendline, MATIC prices have held firm.
A potential positive cycle could see MATIC prices rise within the triangle.
However, the recent 7.72% drop in 48 hours suggests a possible downtrend for Polygon below $0.50.
Technical indicators like MACD and RSI show a bearish trend in the 4-hour chart, with the declining 50 and 200-day EMA reinforcing this sentiment.
MATIC's price is trapped in a triangle, indicating a potential sharp move upon breakout.
A bearish breakdown could push MATIC prices to $0.4480, while a bullish breakout might see prices nearing the $0.70 mark.
Web3 is Just Getting Started - Probably Around NowBeen noticing that the quality of feeds in my crypto stuff has improved recently. I think most of the grifters have left so there's a much higher chance to see the builders out there now.
Kind of depends when you got in of course, but this winter is pretty much the same "flatline" that it has always been. It goes up, then it goes down. Usually back to where it started, plus or minus a few percent. As long as it doesn't go below where it used to be, though, there is always another chance to pop off.
All I know is that people who got in during the hype (including myself) lost money, sometimes a lot. Those who stuck with it during times like these made money - sometimes a lot. It's simple, but also pretty difficult - it's only human to want to follow the hype, after all.
$MATIC long to $4.46?CRYPTOCAP:MATIC looks to be bottoming and forming a wedge on HTF. If this breaks up, I think it's likely that the upper target of $4.46 could get hit.
Let's see how it plays out.
✴️ Polygon Is Ultra Bullish, I'll Explain Why...Rather than publishing this I should be working on a trade signal for my people, because this is a really strong pair/chart.
Its been a while since we last looked at Polygon, MATICUSD.
The chart is easy to read.
✔️ Short-term, we have a double bullish divergence, MATICUSD vs RSI & MACD.
✔️ Long-term, we have a very strong higher low forming a big ascending channel.
These two signals put together, the higher low ascending channel with the short-term bullish divergence confirms what happens next.
As the long correction is over, a higher high follows and this can go for 1 to 3 months... That's green, green, green all the way.
Now I have to work on the trade.
Enjoy your week.
Sending you positive vibes.
Thanks a lot for reading and for your continued support.
Namaste.
Matic Looks Ripe for a Bounce/Break HereTraders,
Just browsing through the charts this morning and thought I'd throw out a trade opportunity. There are many but Matic looks especially juicy here. Of course, it's always a bit risky before a FED meeting/press conference (i.e.- Jackson Hole) but I am not offering trading advice. I just wanted to show you one of the many opportunities I have spotted this morning.
Here's the case for entry here if you are so inclined:
- That Yellow TL comes all the way from Jan. '21. It has NEVER been broken to the downside.
- Price rarely touches this level on the RSI. Even more rare, would be a break below.
Probability stands on the long side here.
Best,
Stew
MATIC on WeeklyI don't think I have to say anything on this, the image is quite clear and once the price reaches the long term support, it will be a great buying opportunity.
Will MATIC Price Float Above $0.60?
MATIC price has experienced a sharp 9.14% fall in market value.
The price has broken below the $0.60 mark, reverting from the resistance trendline.
A sudden increase in selling pressure caused MATIC to fall under the $0.65 mark, approaching $0.60.
Intraday trading volume spike intensified a 5.97% drop last night, followed by a 3.02% fall today, challenging the $0.60 support zone.
Technical indicators like MACD and RSI support the ongoing bearish trend, with no signs of a bullish crossover.
The solid bullish dominance at the $0.60 support zone might absorb the selling pressure, making it a potential entry spot for buyers.
A bullish reversal could lead MATIC to the 50-day EMA near $0.70, while a drop below $0.60 may test the psychological mark of $0.50.
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.
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.
