Buy on MATIC, Triangle strategy Buying on a pullback to a flag that has broken the triangle can be a good opportunity to buy
R/R=1.6
Matic
maticIf the green box is a good support, it is suitable for red targets. Otherwise, you can check on the green lines.
🔥 MATIC 2-Year Bull-Flag Break Out! Prepare For Launch 🚀MATIC has been trading within this triangle pattern (bull-flag) ever since the December 2022 top, 2 years at this point.
With MATIC confidently breaking through the top resistance, it looks to me like a succesfull break out, confirming the trend.
I'm looking for a long-term position with a target of 10$. Be prepared to hold this token for at least a year. Great R/R ratio of >27.
MATIC/USDT 1DInterval ChartHello everyone, I invite you to review the MATIC chart on a one-day time frame. Let's start by identifying the downward trend using the yellow line, which shows that the price has gone up and is currently struggling to stay above it.
Let's start by marking support places for the price and we can see that the first support is at $0.86, but if the price drops lower, we have the next support at $0.72, and then the next support at $0.62.
Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that currently the price has been rejected by the resistance at $1.15, but if we manage to overcome it, we will move towards the resistance zone from $1.34 to $1.57.
When we turn on ema cross 50 and 200, we will see the place where the indicator confirmed the return to a strong upward trend.
The CHOP index indicates that there is still some energy left for movement. The RSI indicator shows that we have returned to the place where there was a previous rebound, while the STOCH indicator has exceeded the upper limit, which resulted in a slowdown in growth and may result in a price recovery.
Matic (Polygon) Preparing for Huge BreakoutI love this action from MATIC here. It's showing incredible resilience and strength against BTC and ETH.
After a beautiful move from 0.51 to 0.99, we're in a consolidation phase. Triangular consolidation that is serving as a bull flag is attempting to break out and when it does, we're going to rocket higher.
There is a lot of action in the parallel channel I've highlighted from 0.75 to 0.96. We should break this pretty easily once the triangle breaks.
Target: +32%
Stop Loss: -20%
Best of luck
- Sultan of Chart
MATIC - A Simple Flag#MATIC
This Simple Flag following the breakout with volume is exactly what we want to see.
If one large and full body candle had large volume and a #doji that had more couldn't retrace any distance to speak of, do you think up or down has more pressure pushing it ATM...?
Matic/UsdtCRYPTOCAP:MATIC is Breaking out from a trendline
#Dollar #PiNetwork #BULLRUN2024 CRYPTOCAP:ETH #Altseason
MATICUSDT.1DBased on the provided data, MATIC is currently trading at $1.0405 with a relatively high 4-hour RSI of 83.53, which suggests the currency is currently in overbought territory and could experience a slight pullback. Its MACD on the 4-hour chart is 0.0545, which is a bullish signal. The Bollinger Bands on the 4-hour chart is at 1.0403, which is very close to the current price, suggesting the price is consolidating.
The 1-day RSI is slightly lower at 76.22, still indicating overbought conditions. The 1-day MACD is 0.033, which is also bullish. The Bollinger Bands on the 1-day chart is at 1.026, which is slightly below the current price, suggesting a potential upward movement.
The 7-day RSI is at a more neutral 67.04, indicating that the currency is not in overbought or oversold territory on a weekly basis. The 7-day MACD is 0.033, which is also a bullish signal. The Bollinger Bands on the 7-day chart is at 1.053, which is slightly higher than the current price, suggesting a potential upward movement.
In terms of support and resistance levels, the closest support level on the 4-hour chart is at $0.93, while the closest resistance level is at $1.059. On the 1-day chart, the closest support level is at $0.86, while the closest resistance level is at $1.093. On the 7-day chart, the closest support level is at $0.69, while the closest resistance level is at $1.32.
In conclusion, the technical analysis suggests that MATIC is currently in a bullish phase, but it may experience a slight pullback due to its high RSI. However, its MACD and Bollinger Bands suggest that the overall trend is still upward. As always, it's important to consider other factors such as news and market sentiment before making any investment decisions.
MATIC/USDTCRYPTOCAP:MATIC is doing as we predicted
Trust
@TheCryptoCity1
#altcoins CRYPTOCAP:ETH CRYPTOCAP:LTC Bitcoin ETFs
Matic, ready to take off?MATICUSDT / 1W
Hello Traders, welcome back to another market breakdown.
MAYICUSDT is one of the charts I'm waiting for confirmation then pul-back. The price seems to be forming a lower high major trend reversal pattern.
Checkout the chart for where I would like to get a spot entry.
Trade safely,
Trader Leo.
MATIC/USDT Bullish Potential in Demand Zone?👀🚀MATIC Analysis💎Paradisers, let's delve into #MATICUSDT as its showcasing a compelling pattern in the market. Positioned in a demand zone, it is hinting at a possible bullish movement.
💎 Recently, #MATIC faced resistance at the $0.8796 level and is now regaining momentum within the demand zone. This sets the stage for another attempt to breach the supply level where it was previously rejected. A successful break above this level could significantly increase the likelihood of reaching the major supply level at $0.9461.
💎 However, savvy traders always have a Plan B. In this scenario, if #Polygon fails to sustain its upward momentum, we might see a bullish recovery from the bullish Order Block (OB). But caution is key: if #MATIC falls below this OB level, it could signal the start of a downward trend. 🌴💰
Polygon - MATIC/USDT🚀 CRYPTOCAP:MATIC surges +48% after successful retest of macro market structure top. A breakout from the main pattern signals a new macro uptrend.
Monthly Close above $1.07 resistance could pave the way for further rally. 📈🔥
#MATIC #CryptoNews #BullishTrend
MATIC ROADMAP (1D TF)We seem to be in a large diametric whose wave D is coming to an end. This wave D looks like a triangle. Upon further investigation, we can see that we are now in wave e of d.
This scenario is confirmed by breaking the upper side of the triangle.
Note: This is a long-term vision and we will have many fluctuations along the way.
Can MATIC finally break the $1 and leave the penny Crypto area ❓Can MATIC finally break the $1 and leave the penny Crypto area for ever
Provided 2 charts for you:
no1
2-day candle chart shows nice bullish breakout👀‼️
no2 in Comments
The Renko chart shows that Polygon is at an important line🟩
If Polygon confirmes breakouts a huge bullish future is ahead IMO🚀
Comments💭, Likes♥️ & Follow🔗appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
MATIC(Polygon) - Break Through the Long-Term Downward Trend Line
* 1W
It has finally broken through the long-term downward trend that has been going down since December 21, 2021.
* 1D
The retest was completed after breaking the long-term downward trend.
As the two-year decline has been broken, there can be a big rise.
MATICUSD One more correction left before going parabolic!It has been a little over 2 months since our last analysis on Polygon (MATICUSD), which eventually hit our 0.7000 target (see chart below) and has now broken above the 1W MA100 (green trend-line) for the first time since March 13 2023:
As you can see on this 1W time-frame, we are about to get a Bullish Cross between the 1W MA50 (blue trend-line) and the 1W MA100. That will be the first in MATIC history but we do not expect it to create the conditions for an immediate rally. Based on the same long Accumulation Phase of the previous Cycle, the rally started after the price broke below the 1W MA50 one last time.
Once that happens, we will turn bullish on MATIC again for the long term and target the 2.0 Fibonacci extension at 5.000.
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Matic - Falling wedge as part of a bigger patternBut for the short term I'm looking for it to pop 10-15c
Which is a healthy 20% move
The bigger breakout is getting past the 98 cents level
Which could see a quick move to a $1.25
MATIC - Inverted H&S 4Hr Chart A big inverted H&S has formed on the 4Hr chart of MATIC
A W pattern within this larger pattern can be seen to be forming allowing another move upwards
Completing the overall larger inverted H&S pattern and leading to bull continuation.
#Matic The possibility of Elliott triangle formation and the patAfter an upward rally, the matic currency has formed a triangle pattern. If it can break the 78 cents range in the Fibo range of 61.8, it can navigate the specified possible movement to the area of 1.02 to 1.07.
GET READY FOR MATIC!We'll talk about MATICUSDT in the next couple of weeks!
A nice bull run is possible in the mid-term
The Exit of $MATIC From Symmetrical Triangle is ConfirmedHello guys,
Well, after a long struggle with 100WMA, CRYPTOCAP:MATIC is finally breaking through this resistance to exit the upper side of the Symmetrical Triangle. Based on this, I predict three targets for CRYPTOCAP:MATIC :
🪙 MATIC/USDT
💹 Binance
🧮 Spot
🛒 Entry
🟢 Market Price < 1.0000
💵 Targets
🔴 $1.1525
🔴 $1.4045
🔴 $1.6766
⛔️ SL $0.6903
📅 26/12/2023
As always, this is not a financial advice & please do your own research.
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Goodluck
MATIC - Probably Nothing...#MATIC
As noted before, the rocket fuel has now been loaded at the LPS (Last Point of Supply).
Now it's time, Number go up...
$MATIC in Conflict With 100WMA to Start a New Uptrend Hi everyone,
We are in the CRYPTOCAP:MATIC weekly chart and as you can see, CRYPTOCAP:MATIC has fluctuated in a beautiful Symmetrical Triangle since registering a new ATH. Also, during recent weeks, CRYPTOCAP:MATIC has been engaged in consolidation, which has caused it to register some lower highs in this triangle and convince us that it will soon exit from the upper side of this triangle.
In the lower part of the chart, we can see that CRYPTOCAP:MATIC has formed a strong support area in the range of 50 cents. Currently, the 100WMA resistance is considered as the only factor preventing CRYPTOCAP:MATIC from exiting this triangle. If CRYPTOCAP:MATIC can cross the 100WMA barrier, it will simultaneously exit this boring triangle and start a new uptrend.
But if CRYPTOCAP:MATIC cannot cross the 100WMA barrier for any reason, then we will see it fall back to the bottom of the triangle and record some higher lows. Anyway we will wait for the next events of the crypto market and confirmation of the trend.
As always this is not a financial advice & please do your own research.
"Like" & "Follow" if you want to see more of these ideas.
Goodluck