Matic : A Lucrative Buying Opportunity For the Next Bull Run ?Based on my technical analysis, I'm convinced that MATIC has entered a prime accumulation zone, presenting a potentially lucrative buying opportunity in the range of $0.71 to $0.61. While I readily acknowledge that you will never know when the downside will be over, I firmly believe that the current price represents an attractive entry point for anyone interested in accumulating MATIC. This consolidation phase, as evidenced by the price action, could very well precede a significant upward move, making it a potentially opportune time to acquire a valuable position in this promising cryptocurrency.
Please note that this is a very longterm trade, If you want to accumulate buy only spot.
Matic
Polygon (Matic): Coin, Target and Buy Zone Review!Hi all!
♾ Polygon was previously called Matic Network. Polygon (MATIC) is an Ethereum token that powers the Polygon network, which is used to scale Ethereum. Polygon's goal is to enable faster and cheaper transactions on Ethereum using Layer 2 sidechains, i.e. blockchains that run parallel to the main Ethereum blockchain.
✅Official website polygon.technology
Now let's move on to the charts on the main timeframes
M
➩ Globally, the price is in a downward movement as the monthly structure was broken and confirmed in 2022
➩ Now there is a corrective movement towards a wave of decline, which has lasted for almost two years.
➩ Below there is an unfilled IMB M ($0.0483 - $0.1829) and equal minimums on the way to it.
➩ Currently the price is testing IMB M ($0.6651 - $0.7505)
W
➩ On the weekly time frame, after reacting to OB W and filling IMB W, the price began to correct to the growth wave.
➩ Below in the form of support IMB W ($0.6651 - 0.6892 $) and the zone of combined OB W + IMB W ($0.5006 - 0.5994 $)
D
➩ On the daily timeframe, the price is still in an ascending structure, but, judging by the protracted correction, it will be broken.
➩ There is also an accumulation of a large pool of liquidity below, which can attract the price
💭On the chart I noted two options for reducing the price to potential areas for purchases
❗️Not a financial recommendation; before entering into any transaction, conduct your own analysis of the asset
MATICMATIC is currently trading in downtrend.
We can see it at the price of 1 or even at 1.5 dollar.
For that it needs to break the trendline & also the resistance level of 0.8870 dollar.
MATIC/USDT 4H analysis DUMP incomingMATIC is one of the most popular coins and is in consolidation phase, it will soon dump from 0.94 or dump after going towards 1.02. And might plummets up to 0.62 range
BITCOIN weekly roadmapGood time friends, I hope you are great.
According to last week's analysis, Bitcoin reached the range of $48,000 twice and could not go beyond this range.And from this area, it started its falling movement, this fall could be predicted both technically and the news that has come for Bitcoin during the last week.
Bitcoin is forming MTR in the daily time, it has broken the upward channel that we had downwards, the last bottom that I marked with a dashed line on the chart, below this range we also had a close candle.
In general, I see Bitcoin as bearish, this week I could not find a safe area for selling positions so that we can take swing selling positions.
But we can have buying positions in the range of (40000-41000) and (39400-39800) by getting appropriate approvals, if there is an opportunity for selling positions, I will inform you in the next analysis.
#MATIC #Polygon #Final #Update 'B' #Wychoff #Distribution #Eddy#MATIC #Polygon #Final #Update 'B' #Wychoff #Distribution #Eddy
We Are Here Guys <3 Enjoy ;-)
This is a new update of final (( MATIC/USDT )) update: check link :
3- entry (MATIC)📊Analysis by AhmadArz:
safe in chart risk by 3-entry.
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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MATIC MIGHTMATIC/USD and MATIC/BTC
- Both reaching into oversold levels on the RSI
- Both in parallel channels & near or at bottom
A long term accumulation window may be opening here
Its very important to review my TOTAL 2 and TOTAL 3 Altcoin charts which shoe that a secular bull run for alts is more probable between Dec 2023 and Mar 2024.
Regardless now is the time and over the next 6 months to be considering accumulation for LONG TERM trade.
MATICUSDT Buy stopWe observe the third head and shoulders pattern on the Matic H1 chart. If the price breaks the 0.8888 level, the pattern will be confirmed. Risk-reward ratio is 1:2
#MATIC #Polygon #Final #Update #Wychoff #Distribution #Eddy#MATIC #Polygon #Final #Update #Wychoff #Distribution #Eddy
(("All the relevant areas and explanations on the chart are clear and clear, the trading setups need to get confirmation to enter, if you don't know how to get a trigger and confirm entering into transactions, this analysis is not suitable for you, the above analysis is for professionals. and if you are a beginner, my suggestion is that you don't destroy your capital and first learn technical analysis and basic trading along with psychology and risk and capital management from reputable sources and courses, and then enter the financial markets."))
(("The above analysis and setups and points and areas are combined with most of the combined styles such as price action, supply and demand, RTM, ICT and also with the analysis of important indicators such as Dominance Tether and Bitcoin.
If you are familiar with the mentioned styles and know how to get approval to enter the above styles, use the above analysis.
This is not an investment proposal and only my opinion, please act based on your experience and decisions."))
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I also suggest you to view my #Analysis of the Phases of Richard #Wyckoff #Accumulation & #Distribution on #Bitcoin #Currency from the link below :
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Analyses of Trading Ranges By : Dr. #Eddy SunShine 👨🏻💻 1/14/2024 ❤️
MATIC/USDT upward momentum from demand? 👀🚀MATIC Analysis💎 Paradisers, turn your attention to #MATICUSDT, currently showing a promising indication of an upward trend, having recently broken above its descending trendline and gearing up for a bullish move from a key demand zone.
💎 #POLYGON has been closely following a descending trendline, and its recent break above it has opened the door for a high probability of a bullish move. This is particularly evident from the retest at the demand zone around $0.8791, which is expected to further strengthen the bullish momentum.
💎 However, should #MATIC encounter difficulties in sustaining its position above the $0.8791 demand level, it may become necessary to revisit and modify our trading strategy. Under such circumstances, our focus would shift towards initiating a bullish movement from a lower, strategically significant support level at $0.8412.
💎 Keeping a close watch on this level is crucial, as failing to maintain it could necessitate a strategic pivot, potentially highlighting challenges in upholding a bullish market direction for #MATIC.
Matic shows a buy signal.I'm NOT SURE if the MATIC pumps successfully, but the sl is -5%, so it's worth a try. Time will tell if it works out or not, but I at least gave myself a chance with it and the chance of losing is almost non-existent.
Polygon (MATIC) Poised for Further Growth
CRYPTOCAP:MATIC is exhibiting trends similar to Ethereum. Currently, it's trading between support levels of $0.86–$0.887 and resistance at $0.91–$0.928, though this may not last long.
An upward movement for Polygon seems more probable. Buyers are eyeing the $0.97 price point and the key psychological level of $1. Overcoming this level could significantly accelerate MATIC's growth.
A temporary correction might bring MATIC down to support zones at $0.811–$0.834 and further to $0.796. Any further downward movement would depend on the overall market trends, particularly those of Bitcoin.
maticusdtMatic analysis:
The price has already tested the support area. You can consider taking a small long position there with a tight stop loss. If the price does not close below the support level, we may expect a bounce from there. Our we can buy it with dca strategy at major support area and holding it .
Local Support Area : $0.68-$0.735
Major support area :
$0.49-$0.53
Resistance Area : $0.90-$0.92
Major resistance area ;
$1-$1.1
Polygon Labs Partners with Fox for Verify InitiativePolygon Labs partners with Fox to launch Verify, a tool for authenticating media content origin amid AI challenges.
Polygon Labs, in collaboration with Fox, announced the launch of a groundbreaking technology platform, Verify, on January 9. This innovative tool is designed to authenticate the origin of media content, a significant step forward in an era increasingly dominated by AI-generated material. Verify aims to enable users to confidently determine the true source of articles and images, ensuring that content attributed to a particular publisher indeed originates from them.
Polygons Verify Tackles Media Citation Issues
The rapid proliferation of AI-generated text and images has presented a significant challenge to the integrity of online content. Verify emerges as a solution to this growing concern, allowing users to distinguish between authentic and AI-generated content. This technology does not evaluate the truthfulness of the content but focuses on verifying its origin. The platform’s introduction directly responds to the challenges faced by media organizations and others dealing with citation or copyright issues in the AI era.
Polygon’s initiative with Fox is particularly timely, considering the legal challenges various media entities face. Fox News, part of Fox Corporation, is currently embroiled in a lawsuit with Smartmatic regarding false narratives circulated about the 2020 US Presidential Election. Similarly, Dominion Voting Systems settled a lawsuit with Fox for $787 million. These cases highlight the complexities and legal entanglements of disseminating unverified or false content.
Legal Landscape and Industry Response
The legal landscape surrounding AI-generated content has become increasingly complex. The New York Times filed a lawsuit against OpenAI and Microsoft in December, accusing them of using its content without authorization to train AI chatbots. This groundbreaking case reflects the broader challenges media organizations face in adapting to the surge of AI-generated content.
In 2023, using AI tools in content creation led to significant industry upheaval, with the Writers Guild of America and the Screen Actors Guild – American Federation of Television and Radio Artists going on strike. The strike highlighted the growing concerns over the use of AI in the media and entertainment industries, underscoring the need for tools like Verify to establish clear boundaries and origins of content.
MATIC/USDT 4HIntervalI invite you to review the chart of MATIC in pair with USDT. First, we will use the blue lines to mark the upward trend channel in which the price is fighting at the lower border.
Let's move on to determining the support, and for this purpose we will unfold the trend based fib extension grid, thanks to which we can see a strong support at the level of $0.76, however, if the support is broken and the price leaves the current channel lower, it may result in a price drop close to the height of the channel, which could bring the price to a very strong support zone from $0.61 to $0.53.
Looking the other way, we see that the level of $0.86 has effectively reduced the price, only when we go higher, the next resistance is at the level of $0.95, and then we have a visible strong resistance zone from $1.01 to $1.08. At this point, it is worth defining the local downtrend line, which confirms the $0.95 level, as an important resistance.
It is worth looking at the RSI indicator, which shows a movement in the lower part of the range, which gives room for possible increases, and what is more, the situation looks similar on the STOCH indicator, but it is worth remembering that we are still in a downward trend and a lot depends on the behavior of the BTC price.
Polygon|The possibility of a BEARISH trendHello guys, I hope my analysis was useful for you.
This is my overview of Matic, check it out if you like.
Last week we expected more growth from the support zone, which invalidated our target areas with a strong bearish lag.
Now the upward trend that came in the form of a channel is placed on a support area.
I expect that with the breaking of this downward channel and the stabilization of the price below the support area, Metic will enter a downward trend, which will first experience the support area of 0.62 and then continue its decline until the price of 0.52. .
Polygon MATIC is heading for its next bull runA bullish pennant on the weekly timeframe indicates a move upward. Considering the bullish momentum we could go up all the way to $16.
MATIC Update - 06.01.2024 / Great local Long setup1 hour chart: we observe the coin moving in an upward order flow through the structure breaks in the Long and buy pattern, then got a reversal, coming to the FTA in the form of a monthly block order zone.
Over the last couple days failed and took out all the compression and liquidity behind the key low, then got a reaction and formed a TDP and stb zone of interest.
Also left magnets to deliver price from above, namely daily imbalance, compression, liquidity behind the key high.
So, expect a nascent long order flop on ltf through structure breaks, after which I will consider positions on this asset!
❗️ Not financial advice, always think with your head.
MATICUSD - Monthly Bullish DivergenceAn example of a bullish divergence in which price prints a higher low while the RSI indicator on this Monthly timeframe prints a lower low. This is a sign that upward movement is to come.