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Matic

Is MATIC Ready for 60% Downside Move As per ChartTechnical Chart Analysis of MATIC/BTC - Bear and Bull Market Insights Market Overview: MATIC is currently trading at 0.00002163 BTC, representing a significant decline of 65% from its all-time high. While the technical analysis suggests a bullish scenario due to the formation of a bull flag on the MATIC/BTC weekly chart, market sentiment does not support an upward move for MATIC at present. Key Analysis Points: Bull Flag Formation: The MATIC/BTC weekly chart indicates the formation of a bull flag pattern, which traditionally signals a potential bullish trend. Market Sentiment: Despite the bullish chart pattern, current market sentiment does not align with an upward movement for MATIC. Support Levels: The immediate support level for the bull flag pattern is at 0.00002100 BTC. A price drop below this level would confirm strong bearishness. Target After Breakout: If hold Current Support then, the target for MATIC/BTC is projected to be 0.00000600 BTC, which represents a substantial decline of 60-70% from the current level. Worst-Case Scenario: In the event that MATIC/BTC holds the current support level at 0.00002100 BTC, there could be a bounce towards 0.000036 BTC or even 0.000057 BTC before the anticipated downward movement. Key Levels: Support Levels: Significant support levels to monitor are at 0.000021 BTC and 0.000006 BTC. Resistance Levels: Key resistance levels to watch are at 0.000036 BTC and 0.000060 BTC. Disclaimer: This analysis is not financial advice. It represents the personal opinion and analysis of the author. Individuals considering investments in any coins, including MATIC, should perform their own research and consult with financial professionals. Follow us for More Chart Analysis.
MShort
by CryptoPatel
3
MATIC 1D Interval ReviewThe last one in today's chart is 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 the price returns to a correction. And here the first very strong support that has kept the price so far is at $ 0.58, but if we fall lower, the next support is at $ 0.31. Looking the other way, we see that the price has to face the $0.76 resistance, only when it breaks it will move towards the $0.91 resistance and then towards the very strong $1.04 to $1,16 resistance zone. Please look at the CHOP index, which indicates that we have more and more energy, the MACD indicates a downtrend, while the RSI shows that a small price increase gives a strong movement on the indicator, which can quickly limit the room for further increases, in the coming hours we can see further growth.
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by cryptodailyuk
Parabolic Light from The Sky ☀️ ₿ ☀️Hello, hello, hello, crypto champions! 🎉🚀💱 What a fantastic last few days! Suddenly the FUD became FOMO and everyone is looking at Crypto (Blackrock and the rest, even FED Chair Jerome Powell says "crypto appears to have staying power as an asset class."). .. check the idea below on how we bought the SEC-FEDS FUD last week ₿☀️ Light from the sky 🔍 That's the sunlight accidentally through my hand, drawing a perfect parabola. No photoshop and no Ai, just timing. What a marvelous sight, isn't it? Today, that ray of light reflects the path of Bitcoin and crypto soaring skywards in a triumphant parabola. Even nature is celebrating our market highs! ☀️🌈 ₿ Alright, enough with the imagery, let's now put on our thinking on what matters: Trading Psychology! 🧠💡 Remember my friends, 💙 trading is a game. Like every game, there are victories and there are losses. But isn't that what makes it so thrilling? The unpredictability, the highs and lows, the roller coaster ride of emotions? As we navigate through the charts, we should always remember to enjoy the journey. Embrace the market's rhythm, and let it teach us valuable lessons about patience, strategy, and resilience. Trading isn't just about accumulating wins; it's also about learning how to dance with the losses. 🕺💃 Sometimes we win, and we celebrate those wins. And guess what? Sometimes we lose. And that's okay! 🎭 Each loss is not a setback, but a step forward on our path to becoming better, smarter traders. It's all part of the game. So, buckle up! Enjoy the market's ebb and flow, celebrate your victories, and don't be disheartened by the bumps. Take each day as it comes and remember, in the world of trading, every day is a new adventure. Just don't get liquidated! Try a daily trading budget if you are in that category! 🌈🎁 Keep your spirits high and keep trading. Because trading, especially when profitable, is nothing but fun! Wins call for celebrations, but losses are just as crucial. 🎭 They aren't setbacks but stepping stones on our journey to becoming savvier traders. They're all part of this intriguing game. Stay tuned for more insights 🎧🔮. Keep rocking the charts! 🎸📈 I'll post my analysis in the next post, so keep an eye out 👀⏭️. In the meantime, feel free to take a peek at my previous posts below 👓. One Love, The FXPROFESSOR 🤘💫 ₿ 💡Taking some profits and waiting is a good idea at this moment. Market is still Bullish so some positions will remain open.... but some money comes in the pocket, today.
MLong
by FX_Professor
5
MATICUSD is rebounding on a 2.5 year old Support!Polygon / MATICUSD almost hit the Rising Support that goes back all the way to January 2021 and is now rebounding. This is perfectly viewed on the 1week time frame where the price hit the 1week MA200. As the 1day RSI is also rebounding, a crossing over the MA line, will confirm the bullish trend, like it did on July 4th 2022. Buy and target the 1day MA100 on the medium term at 1.1500. Follow us, like the idea and leave a comment below!!
CRYPTO:MATICUSDLong
by TheCryptagon
5
MATIC long; expecting +50% in 3 weeksMATIC produced a local double top on the 4H back in March, using fib retrace from the double top you see the golden ratio has a clear support/resistance in that 0.95-0.97 (nearing the dollar) area, and for each fib retracement line you see that S/R, each one to be tested in the coming weeks as BTC and crypto assets look primed to rally. Outside of TA; the securities definition for MATIC, along with other accused tokens, has seemingly cooled off. Not to mention the floodgates of filings and re-filings of ETFs from big dogs have opened!
MLong
by Vintron
1
MATICUSDT any dip to weekly support is for longAnalysis: HTF The price broke down from the previous weekly support and came back down to next weekly support which is marked as WS1 on the chart. That support did not hold but weekly support WS2 held the price and provided the expected bounce. Next weekly support level is WS2 but I doubt we will visit there. Any further dip to the weekly support WS1 is for buying. As far as current price action is concerned, it is currently facing daily resistance. If this resistance is broken, the next level is the next daily resistance DR2 around 0.77.
MLong
by angela_altair
Polygon (MATIC) Bull ScenarioDo you think Altcoins will stall when Bitcoin starts running? If you think the alts will walk too, I can talk to you about MATIC. In my opinion, I think we are in the days when we have the last opportunity to buy MATIC, which will be the star of the next bull season. As you can see on the black lines, MATIC, which made the symmetrical triangle it made in the past, entered short-term downtrends 2 times within this symmetrical triangle (Orange line) and after the second break, the bull run started. We are on the eve of this process. In the two symmetrical triangle patterns, we can see that MATIC is spending a lot of time inside the 0.382 and 0.618 levels of Fibonacci retracement. (Purple Boxes) In addition, the bottoms and tops that form the symmetrical triangle in both patterns are made at the same Fibonacci levels. This is another indication that the two patterns are very similar. (Red arrow and circles) Therefore, when we look at the Fibonacci levels again, we can see that when the bull season is entered, the targets will be $10 and $87, respectively. This means 1672% when the first target arrives; In the second target, a profit of 14000% will be obtained. Since the risk/reward ratio in this scenario fits my trading style and strategy, I made my first purchase at this level. I will add when the orange resistance is broken and retested, and I will add my position at the retest after the triangle break (black) and wait for the $87 level.
MLong
by YavuzAkbay
3
MATIC STRONG BEARISH Falling KnifeTrend stron bearish RSI Momentum below 50 strong bearish Nearish Volume rising Support will break soon Matic will fall deeper ADA, MATIC, SOL face the music as Robinhood delists tokens Hours after Robinhood delisted ADA, MATIC, and SOL, the price action of the tokens was not what participants would have hoped for. The decision to end support for the tokens caused a $387 million wipeout from the crypto market. Several indicators revealed that ADA, SOL, and MATIC’s momentum were bearish. The prices of Cardano , Polygon , and Solana tumbled in double-digit figures after Robinhood confirmed that it was delisting the tokens from its platform. While the U.S. trading platform did not give cogent reasons for its decision, speculation went around that it was linked to the recent SEC “unregistered securities” tag. Unlike recently targeted exchanges like Binance and Coinbase, Robinhood is duly regulated by the SEC. Hence, it could have been necessary to take such action. Regulatory fear leads traders to liquidation In its statement, Robinhood noted that no other coins were affected. But holders of the ADA, SOL, and MATIC had until 27 June to stop transacting the tokens. As the sudden move sent shockwaves through the crypto market, the implication of the decision revealed itself. According to CoinMarketCap, SOL’s value decreased by 22.47% in the last 24 hours. ADA could not escape the heat, registering a 23.06% decrease. As for MATIC, it was down by 26.12% within the same period. Because of the significant decline in the prices of these tokens, liquidations in the past 24 hours surged to $387 million, with longs suffering the most. Based on the liquidation heatmap from Coinglass above, SOL accounted for $15.15 million out of the total wipeout. MATIC’S liquidation went up to $8.54 million, while ADA was $15.87 million. Red season for the cohort Meanwhile, an evaluation of the ADA/USD daily chart showed that the token’s momentum had breached the oversold region, as indicated by the Relative Strength Index (RSI). At 17.21, the RSI showed that selling pressure was tremendous. Thus, the momentum was bearish, and slight buying power might do almost nothing to save the price action from the press time state. The daily timeframe of MATIC was not any better. This was because the Awesome Oscillator (AO) was down to -0.1139. Thus, AO crossing into the negative territory indicated a bearish signal.
CAPITALCOM:MATICUSDShort
by DaveBrascoFX
🔥 MATIC Found Support At An Ancient TrendlineMATC has been one of the weaker major tokens of the last couple of weeks. During this week's sell-off, MATIC moved all the way towards an ancient support line which has been established at the start of the previous bull-market. This, combined with the 3D RSI being severely oversold, makes me believe it's more likely than not that we're going to see some kind of bounce in the near future. For an optimal risk-reward, I'm looking at the current ATH value as the profit target. A less risky bet would be to target 1.00 or 1.50, with a stop below the most recent local low.
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by FieryTrading
6
[UPDATE MATIC] Nothing changed. What if?As I mentioned before, we could be currently in stage 2 of this inflationary bear market. This means that inflation peaked in September and we can expect to see lower inflation for a few months, followed by a recession. This will likely lead to more bear market rallies until the Federal Reserve intervenes again and introduces more money into the market, leading to another market crash in mid-2023 (stage 3). This will cause inflation to skyrocket again, leading to a depression phase (stage 4). If I were to visualize these phases in a chart and use MATIC as a reference, it would look like this. THIS IS A STAGE 2 SCENARIO.
CRYPTO:MATICUSD
by Homocryptus
Matic Polygon eyes 200% gains on PolygonPolygon in high-profile partnerships Notably, Meta, the parent company of Instagram, named Polygon as its initial partner for its upcoming nonfungible token (NFT) tools that allow users to mint, showcase and sell their digital collectibles on and off the social media platform. Meanwhile, banking giant JPMorgan used Polygon to conduct its first live trade (worth about $71,000) on a public blockchain, marking a concrete step toward integrating cryptocurrencies into traditional financial frameworks.  MATIC, a utility and staking token within the Polygon blockchain ecosystem, rose over 13% to $0.985 after the announcements, accompanied by an uptick in daily trading volume. MATIC’s upside move came as a part of a broader recovery rally across the crypto sector that started in mid-June. MATIC’s price has rebounded by more than 200%, a trend that will likely sustain in the coming months. On the daily chart, MATIC has painted a cup-and-handle setup, which comprises a U-shaped recovery followed by a downward drifting channel. The token is now eyeing a decisive breakout above the pattern’s neckline range (the red bar in the chart below) to reach $2.89, its primary upside target. As a rule of technical analysis, a cup-and-handle pattern’s target is measured after adding the distance between the cup’s bottom and neckline to the potential breakout point. As a result, MATIC is now eyeing a 200% price rally by the end of Q1 2023. Fundamentally, MATIC’s demand could keep growing, given Polygon’s growing NFT projects launched by mainstream companies. On the other hand, macro risks continue to threaten the ongoing crypto market recovery, which may hurt Polygon despite its growing partnerships with big-name brands. That being said, a strong pullback from the cup-and-handle pattern neckline range could invalidate the bullish setup altogether. Technical analysis: I have marked the important zones with numbers and explained them : 1 Agresive Sellers shortened Matic at 2.60. Technically The market had very low bullish volume and huge bearish Deltas . The market broke the short term support at 1.75 and it became again resistance. Now the sellers started to build their positions stronger. Long term buyers took partial profits here, new buyers took losses, and sellers sold more here. The creation of more sell orders finally pulled down the market to the deepst waters0.39145 2 This zone was and is defending strongly by Matic Long holders. The sellers took some profits here.The long term buyers bought more matic and new buyers came into the market. Also some late sellers took losses here or took profits.Also some sellers became new buyers. More Buy orders pushed up and pumped matic to 1.40(Defended ell area=Double Resistance) 3 Long move has a double support 0.73 and 0.65 area The increased volume and delta at this area supports buying positions,but also the volatility . 4 A break above 1.5463 increases more delta bullish and more buyers will support this positin but this time more agressively. The market has higher highs and higher Lows structure.To build a long term Bullish trend, a break above 1.5460 is essential 5 A break and holding above 1.54680 finally establishes a strong lbullish long term trend 6A break of 1.6590 is catastrophic for the majortiy bulls,but the final support 0.38 could save them. If this zone has lost, The sellers will control the market for a longer periode, as the resitance numbers make it very hard for bulls to take advantageof the bull trend.
CAPITALCOM:MATICUSDLong
by DaveBrascoFX
5
MATICUSDT.1DHello dear friends, *Mars Signals Team wishes you high profits* This is a one day time frame analysis for MATICUSDT.1D We are in daily time frame. As you can see, the price has reached below our support line and we have two scenarios in mind. First scenario: if the price cannot stabilize above our resistance line, we consider the possibility of falling to the second support line. Second scenario: If the price can stabilize above the first resistance line, we expect to climb up to the second resistance line. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
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by MarsSignals
1
MATIC is about to finish BEAR market!Hello, my friends! We had two options in analysis for today: MATIC and ETH. MATIC won this battle. This asset has the very interestin price formation. Therefore I can assume that bear market will be finished soon. Last dump affected BINANCE:MATICUSDT also, but price was not able to break even the lowest point of the current bear market. Let's take a look at the price chart. Let's consider the following Elliott waves marking. Using our favorite Awesome Oscillator I defined the wave 3 bottom. It's located at $0.34. After that we saw the huge in terms of time wave 4. This reactive wave has been represented as the ABC zigzag correction. Of course it has reach a little bit higher price that it is usual for such waves. Waves 4 usually reach the zone between 0.38 and 0.5 Fibonacci retracement, applied to wave 3. In our case we saw the 0.61 level, but it's ok. Wave 4 in my opinion is 99% finished and I am not waiting for the price above $1.5 before it will break down $0.34 low. The main reasons for that is zero line crossover on Awesome oscillator and the increasing donward momentum. Now I consider the wave 5. The final wave in this bear market. I cannot define the target for the wave 5 but price should set the new lower low. The best confirmation for the bull market start is gonna be our five magic bullets: 1.Bullish divergence with Awesome Oscillator 2.Fractal at the bottom on 4D - 1W time frames 3.Squat bar at the bottom (or even bullish reversal bar) 4.Momentum change to the upward 5.Target zone reach (below $0.34) Be patient, market will give us the insane opportunity very soon. Best regards, Ivan _____________________________________________________________ 🔥Please, follow me and smash the rocket🚀 button to support me🔥
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by Skyrexio
3