MATICMonthly MATIC chart shows MATIC breaking the 8 month marco down trend line since 2021 highs.
Should be on our way to wave 5 now, ending around $9.50
Matic
MATIC: Approaching ResistancePolygon (MATIC) technical analysis:
Trade setup : Following a bullish breakout from Sideways Channel ($0.75-$1.00), trends have reversed to Uptrend and price is near another major resistance zone at $1.30. wait for price to 1) break above $1.30, or 2) pull back near $1.00-1.10 support for swing entry.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $1.00 (previous resistance), then $0.75. The nearest Resistance Zone is $1.30.
MATIC holders, still 23% of potential profit !#MATIC / USD Update:
$MATIC is currently trading at $1.33
According to Coinlion Trend Trader Indicator, MATIC is currently bullish (he is in the ascending channel since July 18th 2022)
Entry point : $0.86
Profit Point : $1.64 (93% profit)
The next possible target would be the top of the channel at $1,64 (23% profit more)
What do you think ?
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Coinlion Trend Trader indicator tells me when to enter short or long, when to exit and when to take profit :-)
Thank you.
MATICUSDT, key zones to watch and next move. UpdateHello guys, This is an update of previous analysis (blow link). Everything is explained on the chart for you like always. The price is currently moving as we expected and reached first target with 48%. So you can manage your positions and it's better to save profits because of major resistance, divergence in RSI and market's sentiment. Then continue to reach the second target. The targets will be 1.6 and 1.7 .
Good luck.
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MATICUSDT: Long Position to 2.7159Hey guys. According to the chart we see in the correction waves "abc" and to completed to the c wave at 2.7159 . Be enjoy and share friends
MATIC / USDT 1D chart Resistance and SupportHello everyone, I invite you to review the MATIC chart in pair to USDT, on a one-day timeframe. First, we will use the yellow lines to mark the uptrend channel in which the price is currently moving.
Moving on, we can move on to marking support areas when we start a larger correction. And here the first support is at $1.11, the second support is at $0.95, then we have support from $0.83 to $0.71, then the price may drop to around $0.53.
Looking the other way, we see that the first strong support is at $1.45 and then we have support at $1.75. However, before that, the price must maintain the level of $ 1.31 at which it turned back last time.
Take a look at the CHOP index, which indicates that the energy is being used for an upward move, the MACD indicates that we are moving in an uptrend, while the RSI is moving in the upper range, which may indicate an imminent rebound.
POLYGON MATIC SHORT TRADE Heres a Quick SHORT SETUP
entry - 1.1718
stop-loss 1.922
Take profit 1.112
Trading Idea 025: MATICMarket Conditions:
- range
- consolidation around the support
- bullish sentiment in the market
Key Level and Lines:
- $1.0545 support
Trading Ideas:
- go long if the price moves back to the support and bounces from it
- go short if the price moves below the support supported by bearish sentiment.
Polygon MATIC breaks through key resistance levelDAILY CHART TA
Breaking through a key resistance level at $1.18, POLYGON has the potential to shoot up to the next supply zone at $1.50 ; a 16% increase from todays price.
The key resistance level was held in May 2022, then again in November 2022.
*Not financial advice, just my take on things*
What do you think?
Matic/USDT Elliott Wave count DailyABC correction for Matic ? or is start of a 3rd wave?
Wave B extended flat with C wave an ending diagonal.
Targets for a possible C wave into the box.
$MATIC #MATIC | LTF SHORTThe red box most probably will work as resistance so i looking at bearish breakers (retracement etc.) around $1.29 .
If the price loses redbox ASAP, the price may dump more than we expect.
Resistances can be seen in the chart.
MATIC– Very clear uptrendMATIC– Very clear uptrend
This Sunday's drop did not affect MATIC at all, which is firmly following its upward path, reinforced by the buyer RSI, moving averages pointing upwards and at this moment MATIC is licking the base of the Bollinger Band, which makes the MATIC chart so extremely positive.
Here are the supports and resistances in the 4H:
Main support levels: 1.1681 / 1.1061
Main Resistance Levels: 1.2241 / 1.2714
Trippy! MATIC Head & Shoulders 5 DAY INVERTED CHART!We've been in a bear trend for a while, so we are used to looking at down-trends. So..look at MATIC Polygon in the 5 Day time frame, huge Head and shoulders forming, and if this chart plays out, remember it's INVERTED target is $1.60 the common FIB 0.5 retracement of actually increase.
Really Trippy buy if you understand it Matic could have enough steam, but HOT already, Only one or 2 more 5 day periods left before a big marklet cool off, shows in BTC also.
REMEMBER INVERTED CHART
maticguys if you go to my previous ideas when all this bullrun started 2 month ago you will see the line in pinck that i marked. i was the only one in all the trading view thing that said this would happen.
see it donwn there. i posted it on september.
Amazing
💲 Matic road to $1.3 open 💲💲 Matic road to $1.3 Open
💲 Nearest strong support zone: around the 0.236 fibo level of the downward wave.
💲 Nearest strong resistance zone: around the 0.382 fibo level of the downward wave.
💲 Technical environment:
- Moving averages: 50/50
- MACD: Uptrend
- RSI: Uptrend
💲 Price action: Matic, after landing in a support zone, defended it after which it began to continue its northward movement. Looking at the formations and positive sentiment, I expect the uptrend to continue over the coming days.
💲 The scenario I'm playing out is a continuation of the uptrend to the $1.3 area. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
💲 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
MATIC Weekly View - February 2023Hello Guys, Weekly Analysis is on the MATIC Symbol in 4H Time frame, I Hope it Will be Useful for You, Don't Forget to Like, Follow, Comment
MATICUSDT4HI've been watching MATIC hold above the 200-day moving average since the 9th of Jan. And while this move has been very exciting, remember that the 200MM acts like a magnet pulling the asset to wherever it is.
MATIC will largely follow its upward moves following its uptrend. At this moment it is approaching the upper edge of the Keltner Channel and once there it can backtrack. The trend is upwards and the prognosis is very good, also due to strong institutional adoption.
MATICUSDT 4H
Here are the supports and resistances in the 4H:
Main support levels : 1.1709 / 1.0960 / 0.9640
Main Resistance Levels: 1.2779 / 1.3136
I'm not a financial consultant. The content I share on this site is for educational purposes and is my own personal opinion.
MATIC - Still Strong!💪Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my last analysis (attached on the chart), we have been waiting for MATIC to approach the blue support 0.7 to look for buy setups.
MATIC rejected the support, traded higher and now approaching the green resistance around 1.3
For the bulls to remain in control, and take over long-term, we need an aggressive break above 1.4
Meanwhile, we are bullish trading inside the orange channel.
UNLESS , the bears kick in, which would be confirmed by breaking below the orange channel and last major low from H4, then a bearish correction would be expected.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
POLYGON: The darkest horse on the crypto hippodromePolygon is Ethereum's first successful L2 solution. Aside from the main product, Polygon blockchain, the project also offers solutions based on the ZK and SNARK algorithms.
One of the main narratives for 2023 is blockchain and ZK-based solutions; we can assume that when zkSync, StarkNet, and other similar projects emerge, Polygon will grow alongside them, because market participants will find that all of these technologies are already implemented and used in Polygon.
Current metrics
Price: $1.09
ATH price: $2.8
M.cap: $9.5b
ATH M.cap: $20.5b
FDMC: $10.8b
Price change in a year: -57%
Maximum price change in a year: -87%
Polygon partnerships deserve special attention:
Meta
Nike
Htc (smartphones production)
Reddit
Robinhood
JPMorgan
DraftKings
Adobe
Liverpool
Starbucks
Adidas
Prada
Stripe
Nothing
NFL
Why is Polygon one the most prospective projects of the future?
While Ethereum solves scalability and gas price reduction issues
Solana is trying to address user churn, liquidity, and network sustainability issues
Near is trying to establish itself in the market, develop marketing strategies, and attract developers
Aptos is emerging as an ecosystem
Sui, Sei, Arbitrum, ZK and STARK are getting ready to go to market
Polygon is fully committed to becoming a mass-adoption solution and collaborating with as many real-world companies as possible. The next bull cycle will be based on mass adoption and engagement, which requires companies with a user base and products that are used by the masses.
Polygon is aggressive, and the average user is much more likely to hear about Polygon than Aptos/Solana/Near. Polygon develops solutions that, like Ethereum, do not require high transaction costs. Polygon has a well-established ecosystem and its own user base. Polygon has a chance to become the most widely used blockchain project.
Share your thoughts about Polygon in a comments section with us and check links below to trade Polygon with our exchange!
Thanks for reading!
MATIC: Sideways Channel BreakoutPolygon (MATIC) technical analysis:
Trade setup : Bullish breakout from Sideways Channel ($0.75-$1.00). Trends have reversed to Uptrend and price could revisit $1.30 next.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $1.00 (previous resistance), then $0.75. The nearest Resistance Zone is $1.30.
MATICUSDT, key zones to watch and next move. UpdateHello guys, This is an update of previous analysis (blow link). Everything is explained on the chart for you like always. The price is currently moving as we expected, So you can manage your positions and profits until you reach the first target. Consider that the market is dispose to small correction. The targets will be 1.3 and 1.7 .
Good luck.
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