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Matic

#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.")) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ I also suggest you to view my #Analysis of the Phases of Richard #Wyckoff #Accumulation & #Distribution on #Bitcoin #Currency from the link below : ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Analyses of Trading Ranges By : Dr. #Eddy SunShine 👨🏻‍💻 1/14/2024 ❤️
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by Eddy_Trade_
4
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.
MLong
by MyCryptoParadise
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.
COINBASE:MATICUSDLong
by DEXWireNews
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.
NASDAQ:FOXLong
by DEXWireNews
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.
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by cryptodailyuk
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. .
MShort
by Golden_Star1994
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.
Long
by trademansi0n
MATIC/USDT bullish horizons from support retest?🚀Matic Analysis💎 Paradisers, watch closely as #MATICUSDT is displaying a pivotal movement, strongly holding its key support and signaling a high chance for a bullish move. 💎 Recently, #POLYGON underwent a retest at its support level, suggesting that if it can sustain momentum above this point, we're likely to see a substantial bullish push, aiming to overcome a major resistance level. A deeper analysis shows that #MATIC is exhibiting strong momentum, consistently trading above its EMA trajectory. 💎 Nevertheless, in the dynamic crypto market, being prepared for different scenarios is crucial. Should #MATIC find it challenging to hold its ground at the key support level of $0.9387, we might need to adjust our strategy. 💎 In this case, our Plan B, as savvy traders, would involve preparing for a bullish resurgence from a lower demand level at $0.8354. Staying vigilant is key, as a breach of this level could indicate a potential shift towards a bearish trend. 🌴💰
MLong
by MyCryptoParadise_Simon
5
GOLDEN STAR|At what prices should we be a MATIC buyer?In the 1h Matic timeframe, there is a critical demand area that covers a significant percentage and should be optimized in smaller timeframes. After several interactions with this area, we can observe that the upper limit has been breached, and it has taken the form of an upward trend, consisting of an upward movement, a correction, another upward movement, and currently a correction again. I am in the price areas of 0.96, 0.95, and 0.9481 with the confirmation of the matic buyer in the one-hour time frame. For selling transactions, I will wait until the price area of 1.06.
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by Golden_Star1994
MATIC - Wyckoff Reaccumulation Schematic#MATIC This looked like a simple flag initially, which is a great bullish continuation pattern, but since has evolved into a #Wyckoff Reaccumulation Schematic. The latter is actually a healthier option, and one which usually warrants less pullbacks vs the simple flag, that very often comes with sharp retraces. The Volume is perfect, the OBV is perfect, the pattern is perfect, the timing during Trad Fi market close and end of year standard low volume is perfect... Have you placed your bets?
MLong
by ANobleNerd
MATIC HEAD AND SHOULDERS PATTERN MACRO OUTLOOK TARGET 1.50-1.70Exposing the Elliot Wave count and Head and Shoulders Pattern in MATIC/USDT chart. We can clearly see a resistance level recently broken and bactested. These are strengh signs and should push MATIC towards the 1.50-1.70 area level quite fast in the upcoming weeks. Projection: Between January up to early mid February to reach the target. Long Position open at 0,9660. Riding the wave up to 1.50. SWING TRADE or low leverage position.
MLong
by xReve
4
Polygon MATIC 2024 Price PredictionTLDR: My 2024 targets from low to high are: 1. 1.92 USDT, the 0.618 Fib retracement. 2. 2.36 USDT, the 0.786 Fib retracement. 3. 2.57 USDT, 400% from the recent HL on the weekly TF. 4. 2.92 USDT, the 2/1 Gann angle (considering price and time). Background (Weekly TF): Matic was in a downtrend from December 2021 until June 2022. MATIC lost 89.54% of its USDT value during the downtrend, which is remarkably good for a cryptocurrency. Between June 2022 and February 2023, MATIC’s price rose approximately 400%, not too bad for a bear market. From February 2023 until October 2023, MATIC was in a correction. MATIC managed to finish this correction with a HL of 0.49 cents. This means that MATIC maintained the uptrend and completed the overall correction with a Double Bottom. Support and Resistance (Weekly TF): MATIC is above the 0.236 Fibonacci retracement at approximately 93 cents. It is yet unclear if it will hold this level or not. MATIC is 99% correlated to Bitcoin, and much depends on Bitcoin’s PA, which is unclear. The next significant resistance is the 0.382 Fibonacci retracement at 1.30 USDT. A Weekly supply zone compounds this resistance. This zone’s proximal line is at 1.28 USDT, and the distal line is at 1.5 USDT. The 4/1 Gann angle is also approximately at the same level, strengthening the resistance level. Unlike Fib retracements, which are horizontal, a Gann angle is diagonal and considers price and time. For this reason, I cannot put a number on this resistance. Volume Profile: Fixed Range Volume Profile taken from December 2021 until today shows the PoC is at the same level as the 0.236 Fib retracement. If MATIC manages to hold above this level, it could become a significant support level. The VAH is at 1.08 USDT, acting as resistance on the daily TF. A Fixed Range Volume Profile taken from the bear market low shows the PoC is at 85 cents. From a PA standpoint, the 85 cent is a notable S/R level. Should MATIC lose the 92-cent level, the 85-cent level could be appointed in which MATIC will find support and turn around. 2024 Targets: Predictions are a thorny issue. What I am doing as an analyst is driving forward while looking in the rearview mirror. Take my prediction as an educated guess and always trade the chart level to level. I assume 2024 will be a good year for crypto because of macro factors such as the Bitcoin ETF, the US FED rate cuts, and the presidential election race. MATIC has proven itself to be a resilient and volatile asset, which makes me optimistic about its prospects. MATIC managed to rise 400% in eight months during a bear market. Assuming the same level of performance in a bull market is conservative. My 2024 targets from low to high are: 1. 2.36 USDT, the 0.786 Fib retracement. 2. 2.57 USDT, 400% from the recent HL on the weekly TF. 3. 2.92 USDT, the 2/1 Gann angle (considering price and time). What do you think? Please share in the comments.
CRYPTO:MATICUSDLong
by NewThoughtCrypto