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Maticanalysis

MATICUSD showing strengthHello, Today we look at MATIC. - MATIC is still in strong support zone, not yet broken out. - It is also battling 21 weekly EMA. If it manages to cross up, it is a very bullish sign. - It is in a bullish divergence (RSI making higher low while price makes a lower low). - Volume has increased in the last weeks, showing potential that bottom is in. - RSI got up above 43 and tested it as support. RSI cross above 43 has always showed to be bullish. Resistance levels: - 0,75 USD - 1 USD - 1,3 USD Remember to take profits along the way. Do not be too greedy. Success is a series of small(er) wins, not one major win. Make sure to check my other posts, all are still valid. XLM has already made x2 since my post, DOT is up 50%... Not a financial advise. Do your own research. Good luck!
COINBASE:MATICUSDLong
by carefulCheese32259
1
Honestly, I don't feel like explaining, the chart says it all !!As you can see, MATIC has created an ascending Triangle and is also located in the Broadening wedge . , which means that if it breaks, we expect the price to reach the top of the Broadening wedge . ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
2
MATICUSDT.1DExamining the MATIC/USDT trading chart on Binance, I can observe several critical points and trends that inform my current trading strategy. The chart presents a detailed view of MATIC's price action against USDT, highlighting various support and resistance levels over the past year. Currently, MATIC is trading at approximately $0.4944, which is close to the significant support level (S1) at $0.4121. This level is crucial because if MATIC continues to decline and breaks below this support, it could potentially signal further downward movement, possibly approaching lower levels historically tested around $0.3160. On the resistance side, the first major resistance level (R1) is at $0.6538. Overcoming this level could open up the path towards the second resistance (R2) at $0.8119. A breach above R2, sustained by high volume, could indicate a strong bullish momentum, potentially leading to further gains. The Relative Strength Index (RSI) is currently indicating a value of 35.16, which suggests that MATIC might be approaching an oversold condition. This could potentially attract buying interest if traders perceive it as undervalued in the near term. Conclusion: Given MATIC's proximity to a critical support at $0.4121, this is a key area to watch. If this level holds, it might offer a favorable buying opportunity for those looking to capitalize on potential rebounds. However, it is imperative to place a stop-loss order slightly below this support to manage risks effectively, considering the possibility of further declines. Should MATIC break above the resistance at $0.6538, it might confirm a bullish trend reversal, presenting an opportunity for traders to target higher price points up to $0.8119. As always, integrating this technical analysis with the latest market news and broader economic indicators is advisable to make informed trading decisions.
MLong
by MarsSignals
MATICUSDT.4HBased on the technical analysis of the MATIC/USDT 4-hour chart provided, here’s a detailed and professional first-person analysis in English: Upon examining the MATIC/USDT 4-hour chart, several key technical indicators and levels emerge, providing insights into potential price movements. Trend and Resistance Analysis: The chart shows that Matic (MATIC) has been in a consolidative phase with the current price around 0.7497 USD. The price is currently trading between the support and resistance levels, attempting to break above the immediate resistance level marked as R1, around 0.9511 USD. A successful breakout above this level could lead the price to test the next significant resistance at R2, which is around 1.2900 USD. The overall trend shows a gradual upward slope supported by a rising trend line (S1), indicating increasing buying pressure. Support Levels: On the downside, the primary support level is identified as S1 at 0.5885 USD. This level has shown strong buying interest previously and could act as a floor if the price starts to decline. The rising trend line further reinforces this support level, suggesting strong demand around this price zone. RSI and MACD Indicators: The Relative Strength Index (RSI) is currently at 50.72, indicating a neutral position. The RSI is in the middle range, suggesting that the market is not overbought or oversold, allowing for potential upward movement. The Moving Average Convergence Divergence (MACD) indicator shows a neutral to slightly bullish trend, with the MACD line (blue) close to the signal line (orange) and the histogram indicating minimal momentum. This suggests that while there is no strong momentum currently, the potential for bullish movement exists. Volume Analysis: The volume pattern indicates moderate trading activity, with no significant spikes during recent price movements. This balanced participation from both buyers and sellers contributes to the current consolidation phase. Conclusion: In conclusion, the MATIC/USDT pair is currently in a consolidative phase with a neutral to slightly bullish bias. The RSI indicates a neutral position, while the MACD suggests a potential for building bullish momentum. Traders should closely monitor the support levels at 0.5885 USD and the resistance levels at 0.9511 USD and 1.2900 USD. A break above the resistance levels would confirm a bullish trend continuation, while a failure to hold the support levels could lead to further declines. Overall, the market sentiment for MATIC remains cautiously optimistic, with critical attention needed at the aforementioned levels and indicators to make informed trading decisions.
MLong
by MarsSignals
MATIC → Polygon Showing Reversal Signals? A Short Scalp is Near!MATIC (Polygon) is holding above the Daily 200EMA support and has yet to break it after making contact 5 times since breaking it. So why is a short scalp reasonable? How do we trade this? 🤔 We have a few good reasons to be looking for a counter-trend trade; There have been several sell-offs in the $0.95-$1.10 range, a very strong sell-off at $1.10, the 200EMA support has been tested 5 times which adds to the probability it will be broken, and the RSI is at 50.00 and below the moving average. These data points tell us it's time to start looking for counter-trend setups, but we cannot enter a trade until we see confirmation to enter. What we need is a final test of the $0.98 area to get a good entry around $0.93-$0.95. From there, we can short half of our position to the 200EMA ($0.79), take profits, move our stop loss up to our entry price, and then swing the rest of the position down to the Support Zone at $0.665. Taking profits at the 200EMA is about a 1:1 Risk/Reward if our stop is placed just above the previous high at $1.11. That is a reasonable scalp, and the rest, being a bit lower probability of success, allows us to swing the second half of our position without the worry of losing money. We could repeat this approach until either the 200EMA Support breaks or the $1.10 high breaks and stops us out, which lets us know the upward momentum isn't done yet. 💡 Trade Idea 💡 Short Entry: $0.95 🟥 Stop Loss: $1.11 ✅ Take Profit #1: $0.79 ✅ Take Profit #2: $0.67 ⚖️ Risk/Reward Ratio: 1:1.75 🔑 Key Takeaways 🔑 1. Several Sell Signals at Key Resistance area of $0.95 to $1.10 2. Strong Sell Signal After Hitting $1.10 3. Wait for One More Failed Attempt to break $0.95 4. Short a Sell Signal off of $0.95-$1.00 Price Area, Stop Loss above Previous High of 5. RSI at 50.00 and below Moving Average. 💰 Trading Tip 💰 It's reasonable to take half profits at the first support target in a short trade, or the first resistance target in a long trade. You can then move your stop loss up to your entry price and watch the rest of the trade execute without worry of losing money. This helps improve trading psychology and the equity in your account. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading price action 2. Chart analysis 3. Trade management 4. Trade psychology
MShort
by TraderEngineering
MATIC → Ascending Triangle Breakout? Or Rejection to $0.60?MATIC (Polygon) is at a pivotal moment on the chart; follow-through with the Ascending Triangle and breakout to the upside? Or get rejected a third time and fall back toward the $0.60 level? How do we trade this? 🤔 To justify a long, we need to break the Resistance Zone and test it for support. We're too close to Resistance to long now, the probability of profit is far too low and the stop loss would have to be placed too far away (bad Risk/Reward). After breaking the Resistance Zone, a protective stop should be placed just below it and a Take Profit at 1:2 Risk/Reward is reasonable. A short position could be available much sooner if the price is rejected a third time at the resistance zone and falls beneath the Daily 30EMA. What we need is a sell signal bar and confirmation closing on or near their lows, below the 30EMA, and the RSI below the Moving Average. Until either scenario presents itself, we should remain on the sidelines and watch the price action unfold. 💡 Trade Ideas 💡 Short Entry: $0.885 🟥 Stop Loss: $0.955 ✅ Take Profit: $0.755 ⚖️ Risk/Reward Ratio: 1:2 Long Entry: $1.017 🟥 Stop Loss: $0.937 ✅ Take Profit: $1.177 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Ascending Triangle, Bullish Pattern! 2. Strong Support on Daily 30EMA. 3. At Resistance Zone, Do Not Long Here! 4. RSI at 53.00 and Below Moving Average. Bias to Short. 5. Wait for break of resistance zone to Long. Short if Rejected. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
MShort
by TraderEngineering
MATIC → Polygon Bull Run Near Complete! Reversal Time?Polygon had a beautiful double bottom at the Daily 200EMA and as predicted, ripping to the upside and near completing the trade of our last analysis. Where do we go from here? How do we trade this? 🤔 We likely have more upside to go before we consider a reversal. Wait until the price makes contact with the Resistance Zone at $0.95. Look for a bear signal candle and confirmation before entering a position, then target a 1:2 Risk/Reward back down to the 30EMA. Protective stop just above where the price reversed, likely at the $0.95 area. A bear signal candle usually has a long wick on top and closes on near its bottom. The confirmation candle usually consists of a strong bear candle closing on or near its low, "confirming" the reversal. Confirmation is a bit misleading, it just means we have a high enough probability based on historical data to justify a short position. 💡 Trade Idea 💡 Short Entry: $0.9240 🟥 Stop Loss: $0.9735 ✅ Take Profit: $0.8250 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Double Bottom at 200EMA, Bias to Long! 2. Wait for bull run to finish. Target Resistance Zone for Reversal. 3. Look for Bear Signal and Confirmation Candles. 4. RSI around 68.00 and above Moving Average, Short-term Bias to Long. 5. If Reversal bars and RSI over 70.00, Consider a Short Position. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
MShort
by TraderEngineering
MATIC Another Leg Down? Or Will We Bounce To The Upside?MATIC is currently pulling back from its fanning bull channel into a bear channel that currently has two pushes down. This could be a 2-legged trap and the completion of the pullback before heading toward the upside. How do we trade this? In the short term, we should be looking for shorts since we've identified this bear channel. If the current 4HR candle closes on or near its low, that's a reasonable short setup to take with a tight stop above the bear channel resistance (4HR 30EMA). A 1:2 Risk/Reward ratio should be the target take profit in this setup while keeping a close eye on that 200EMA showing support. If a bull bar closing on or near its high shows itself, time to get out. The RSI is around 45.00 and above the Moving Average, not a strong indicator for either direction, but there is room to fall. Key Points 1. Bear Channel, Bias to Short. 2. Two Pushes Down, Looking for a Third! 3. The 200EMA may act as support. 4. RSI around 45, Indecisive. 5. Third leg down, small position Short. You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
MShort
by TraderEngineering
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 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
M
by P_S_trade
34
MATIC, XRP ☁️;BTC, BNB, ADA ☀️?The sun keeps shining ☀️ on the global cryptosphere, promising a slightly bullish market with upside potential in the next 24 hours. However, Ripple’s XRP and Polygon’s Matic encounter some clouds ☁️, signaling a potential downside trend. Looking ahead over the next week, the forecast is mixed with cloudy weather ☁️ for altcoins like Ether, Litecoin, XRP, and Matic. On the other hand, Bitcoin, Binance, and Cardano enjoy sunnier trading conditions ☀️, suggesting a continued upside potential. Follow us for more crypto weather insights!
M
by ATTMO
MATIC/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this MATIC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Polygon (MATIC) was another notable mover on Thursday as the coin also reversed course today. MATIC/USD touched a peak of 0.8895 at the start of the day, which comes less than 24 hours after trading as low as 0.8591. As a result of today's surge, MATIC is up 3%, moving away from the recent low of 0.8390 in the process Earlier gains have been pared down somewhat, which comes when the RSI hits the ceiling of 45.00 Hit the like button if you like it and share your charts in the comments section. Thank you
M
by CryptoSanders9563
What will be the destiny of MATIC ?IT'S NOT FINANCIAL ADVICE I WANT TO PRESENT WHATEVER IS IN MY MIND. SO IT'S JUST A PERSPECTIVE *********************************************************** Hi guys, this is my overview for MATICUSDT, feel free to check it and write your feedback in the comments, AND don't forget to share this analysis with your friends. Are you ready? LET'S GO Hello. new day, new analysis. at this time I want to dedicate an analysis of #MATICUSDT to you. to draw a Parallel channel you need two points at the bottom and one point at the top. I use Fib Channel because I needed to show you the second top of the channel. I drew a channel and as you see we have a nice reaction to the top of the First channel and finally, it's broken. after Pull-back the price moved into the second channel and sometimes the midline stopped the price and a resistance zone and sometimes it works as a support zone.I believe that it's not necessary to explain. the main content is we broke the bottom of the second channel (top of channel one) and the price dropped. and it's confirmed. so we should wait to re-action of the price to the midline of channel one.(red line = 0.5 ) in the price of 37-42 Cent. if this zone could not hold the price, the next target is the bottom of the channel at 12-14 Cent. if you can keep my secret, I wanna tell you something. i puted my orders in the 3rd zone (12-14 Cent) it's the best position to buy and hold for the long term. I believe that the future of MATIC is bright. so, don't lose this opportunity. *********************************************************** please write your comments below and tell me what you think about the future of #MATIC ... do you agree with me? and don't forget to share this analysis with your friends. Sincerely Yours
MShort
by ho3einmnd
Polygon: Exemplary 🤓Quite commendably, Polygon has advanced into our magenta-colored target zone between $0.78 and $1.02 and has touched at the lower edge of the pink trend channel to finish wave (iv) in blue. Now, we expect the altcoin to gain strong upwards momentum to haul itself up, leaving the magenta-colored zone on the northern side and developing wave (v) in blue, which should end in the top of wave (i) in magenta. Wave (ii) in magenta should then make for a distinct counter movement before wave (iii) in magenta should take Polygon further upwards.
M
by MarketIntel