Swing Trade - MATICFor this setup what I'm looking to take is a momentum and moneyflow reversal SHORT either at the Previous Range VAL, the PoC (Point of Control), or the bottom of the previous Channel.
Depending on the opening on Tuesday after the holiday, we'll see how fast MATIC moves and note this compared to BTC/ETH to get an indication at which level we should see the stall occur and take a reversal.
I would be interested in a LONG if MATIC pumps through the bottom of the channel and retests the channel bottom.
Good Luck!
Matic
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MATIC shortHello guys , If we close below 0.94c I expect a big fall down. It only has an hour to go.
Give me like if you agree !
MATICUSDTPossible setup for BINANCE:MATICUSDT
"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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MATIC/USDT Chart ReviewI invite you to review the MATIC chart in pair to USDT, on a one-day interval. First, we will use the blue lines to mark the downtrend channel where the price is moving in the upper range.
Moving on, we can move on to marking support areas when we start a larger correction. And here the first very strong support is at the price of $0.59, but when the price drops below, we can see a drop to the support of $0.31.
Looking the other way, we see that the price has rebounded from the first significant resistance at $ 0.90, which so far has no strength to break. then second resistance is at $1.03, then we have another resistance zone from $1.16 to $1.34, then strong resistance at $1.56.
When we turn on the EMA Cross 200, we see that the price rebounded from this line and thus remained in a strong downtrend.
Please look at the CHOP index, which indicates that there is still energy for this move, the RSI has a strong rebound with room for the price to go lower, while the STOCH indicator also indicates that there is some energy left for the next move.
What's Next Possible Move of MATIC/USDT? Polygon Analysis💎Attention, Paradisers! Turn your focus to MATIC, as it's gearing up for potential movements, offering a few captivating possibilities.
💎MATIC faced resistance at the OB a few days ago, sparking an upward trend. Yet, with a hint of slowing momentum, it's projected to re-engage with the OB. Should it falter at this juncture, anticipate a bullish continuation from a key support point.
💎Delving into its trajectory, we've noticed a shift from demand to supply, resulting in a pronounced dip.
💎After capturing liquidity from below, MATIC seems primed to climb, targeting the overhead imbalance.
💎Keep a close watch for further insights and relish your trading adventure.
MATIC. Glitch in the Matrix.The situation is rather strange and uncertain. Two patterns formation signals more for a downward movement, but! There is no on-chain prerequisite for this... A fall to $0.11 = drop capitalization in six times - I don't believe in it. The ecosystem is developing, the whales are still profiting from their bags using DeFi, so... Also, there is no premise for a 500% increase since this is not a bullish cycle, but a thaw. In addition, achieving this target involves breaking through ATH. Unlikely.
Given all this, I will assume that the asset will have an ongoing sideways trend and we will not see tangible movements in either direction. But keep in mind that things can change.
Polygon Matic price will try to work out a medium-term tradeMatic buyers are not giving up and are trying to break through the local trend and strong liquidity zone from above.
We assume that there will be more attempts to push the price up, so this medium-term trade has the right to live:
Entry = $0.636
Stop = $0.5582 (-12%)
Take Profit = $0.9595 (+50%)
Potential profit/loss ratio = 12/1
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MATIC - Shift In Momentum - Practical Example 📚Dear TradingView community and fellow traders,
I am Richard, also known as theSignalyst.
The MATIC H4 chart has captured my attention due to its intriguing momentum structure shift.
📉 Following its rejection from the 0.9 - 1.0 resistance zone, MATIC has entered a bearish phase, marked by lower lows and lower highs— a classic MarkDown phase .
However, a noteworthy observation is the diminishing size and flattening of the impulse movements.
According to Charles Dow, this signals an early alert for a potential shift in momentum, which brings us to the Accumulation phase as per Richard Wyckoff.
Presently, MATIC appears to be consolidating within a significant range, spanning from 0.65 to 0.7 — an evident Accumulation phase.
🏹 For the bulls to take over, and the MarkUp phase to start, we need a momentum candle close above 0.7 zone marked in green.
I hope you find this post useful, and I would appreciate your likes and support.
Which scenario do you think is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard
MATIC - 1-Week Horizon ☁️; Downside RiskAlthough the global crypto market enjoys ☀️ sunny trading conditions with a few ☁️ scattered clouds in the next 24 hours, as predicted by ATTMO, some altcoins like MATIC may encounter more ☁️ clouds over the one-week horizon, implying a downside risk.
Follow us for more crypto weather reports!
MATIC/USDTWe are approaching the end of a two-year triangle, and as we approach the valid support range and considering the price range of 60 cents as Stoploss, the target range of 91 cents will be available.
Footnote: I personally expect to see a very strong upward movement in the medium term, beyond imagination!
SasanSeifi 💁♂️MATIC 👉3D 🔻🤔Hey there,
In the long-term timeframe, as you can see, the price has been accompanied by a positive fluctuation of approximately 25% from the demand zone at 0.60. Currently, the potential scenario to consider is as follows: after gathering liquidity from the price range of 0.65 or possibly from the supply area (once confirmed and adjusted further), the price could move towards the price range of 0.50/0.42/0.40.💹
🔱To better understand the continuation of the price movement, it's important to observe how the price reacts to the resistance levels at 0.75/0.85. The price's response to these resistance levels will provide valuable insights. However, if the price manages to break above the significant resistance level of 0.85 and consolidates, there is a possibility of further growth. The potential trends in the image above have also been indicated.❗
Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach.❗
Wishing you loads of success in your trading adventures, my friend!✌
❎ (DYOR)...⚠️⚜️
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
1D: $MATIC- Long-Term Outlook; BullishJust a future projection for CRYPTOCAP:MATIC , as we are still in that phase where assets show all the indicators prompting toward a reversal & to enter a new bull cycle. Still a long way to go, but crypto is here to stay and the buyers that load up here, are the real winners.
Patience.
Polygon (MATIC) Faces 25% Price Collapse, Fears of New Yearly LoThe price of Polygon (MATIC) has experienced a significant 22% collapse since its July highs, raising concerns about the possibility of a new yearly low.
MATIC failed to break through a critical horizontal resistance area, leading to a breakdown from a short-term corrective pattern. This decisive rejection indicates a bearish trend, and if the breakdown is confirmed, it could lead to a new yearly low for the cryptocurrency.
Bearish Signals on Weekly and Daily Timeframes Cast Doubt on Immediate Recovery
On the weekly timeframe, the analysis shows a pessimistic outlook for MATIC. It was rejected from the $0.82 resistance zone, which had previously acted as a strong support level since July 2022. The formation of a long upper wick on the weekly chart suggests increased selling pressure, indicating that sellers took control and pushed the price below the resistance area. Additionally, the weekly RSI supports the bearish sentiment, falling below 50 and signaling a bearish trend.
The daily analysis further supports the bearish sentiment, as the breakdown of an ascending parallel channel suggests the completion of the upward correction and a resumption of the bearish trend. The daily RSI also falls below 50, reinforcing the bearish outlook.
Since the breakdown, the MATIC price has already fallen by 7%, and if the decrease continues, the next support level is at $0.55, implying a potential further decline of 20%.
Bottom Line: In summary, the recent price collapse in Polygon (MATIC) raises concerns about a potential new yearly low, given the bearish signals from both the weekly and daily time frames.
Matic has a very good Potential Investment Hi Everyone;
today we have one of the best risk to reward Investment opportunity
it is more than 166 times the risk and the chart is look very promising.
I expect breaking the previous bear market key point will clear the way to the final target
MATIC/USDT EW Wave Analysis#MATIC EW Chart:-
#MATIC/USDT Might have the Main Impulse Count Completed.
IMO Now ABC Correction waiting.
Wave A and wave B are Already Completed and Now Ready for Zigzag Wave C.
Expecting 5-10% upward Move from here.
Stop Loss:- $0.66
MATIC/USDT Update 4HInterval ReviewHello everyone, I invite you to review the MATIC chart in pair to USDT. First of all, we will use the orange line to mark the downtrend line from which the price went up, while currently we see that the price has fallen below the yellow uptrend line.
Moving on, we can move on to marking support areas when we start a larger correction. And here we will first mark the support zone with the price from $0.69 to $0.65, then we have support at $0.58, and then another strong support at $0.50.
Looking the other way, we see that the price bounces from the beginning of the $0.73 resistance zone to $0.79, only when it breaks above this zone will it go towards the resistance at $0.87 and then towards the strong resistance at $0.97.
Please look at the CHOP index, which indicates that there is still some energy to continue the move, the RSI shows that we are in the process of rebounding and we still haven't touched the lower limit which may give the price a further rebound, while the STOCH indicator also shows that we are in a downtrend .
Retest and bounce along ascending trend line | LONG BiasDaily Chart
Matic BINANCE:MATICUSDT has downing to support zones around 0.7135
Chart 4H TF
Matic's in descending channel and under descending trend line that is resistance when BINANCE:MATICUSDT bounced from support (0.7135)
I expect MATIC will go up to around 0.739
Time will tell