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Polygon (MATIC) - May 17Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (MATICUSD 1W chart) (1D chart) We must see if we can ascend above the 1.77660744 point. If it falls, we need to make sure we get support at 1.48182247-1.55551871. If it falls in the 1.11334125-1.18703749 section, a short stop loss is required. The next volatility period is around May 22nd. We need to see if we can move sideways at 1.55551871-1.199769617 to climb above the 2.07139241 point. In particular, it remains to be seen if it can move sideways above the 1.77660744 point. --------------------------------------- (MATICBTC 1W chart) (1D chart) We have to see if we can get support and ascend in the 3671 Satoshi-3805 Satoshi section. If it falls, you'll have to touch the uptrend line and see if it can rise. Due to the surge, there is a distance from the 2066 Satoshi-2200 Satoshi section, which is a short-term stop loss section, so careful trading is required. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Market price at the time of opening (Example) Gap (G1-G2)
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by readCrypto
1
MATIC/USDT 10800% up in 132 days so is it good investment..?#MATIC/USDT Update:- $MATIC currently trading at $1.72 And went up to $1.89 So today I am talking about Is a good time to invest in MATIC/USDT...? Then My answer is = No Why...? Because If You can check chart then 1 January $MATIC price was $0.01715 And Now went up to $1.89 and still trading at $1.72 So it’s almost 10800% or 108x Up within this year. Mean 132 days growth is 10800% So how can suggest you invest in $MATIC Don’t be FOMO and always trade in the safe zone. Never take the high risk if you want to stay long-term in this market. Otherwise, your fund will be liquidated if you do gambling and blindly open any trade. So $MATIC is not a good investment right now. I don’t say it will not go up from the current price but 90% changes to dump hard. **** Not financial advice. Please click the like button and Appreciate my hard work. Must follow me for the latest crypto real-time updates. Thank you.
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by CryptoPatel
31
Polygon (Matic) Update:Next Stop $1.35 7% Gain @ 161.80 FibsPolygon (Matic) Update 14/ 05 /21: Matic in Price discovery, our next target price $1.78 at the 227.20 Fibonacci extension. Targets Hit $1, $1.30, Next Stop $1.35 (7% Gain). With this continued momentum to the upside, it is a 43% Gain from current price level @ $1.24 to the 227.20% Fibonacci extension at $1.78. See previous analysis below :) Polygon (Matic) Update 30/04/21: Target Hit @127.20% Fibonacci level, New ATH @ $0.90 140% Gained from this parabolic move! Next Stop $1, . Polygon (Previously known as Matic) Update 27/03/2021) poised to test another New ATH @ $0.67 (15% Gain) from the current price @ $0.58. On the 25th April the 13 EMA crossed up above the 50 SMA signalling a strong buy signal, Polygon gained 70% from this parabolic move back to the ATH levels which were tested last in early March. Our next price target from here is $0.80 (37% Gain) to the 161.8% Fibonacci level. See previous analaysis below :) Polygon (Previously known as Matic) Update 25/03/2021) poised for another test of New ATH @ $0.67 (93% Gain) Polygon (Matic) poised for another test of New ATH @ $0.67 (93% Gain). From Buy Zone 1 Matic has retraced 18% and is now sitting in our Buy Zone to DCA and accumulate. If we continue to retrace to the 23.60% Fibonacci level, expect an explosive move back towards the 61.80% Fibonacci level @ $0.43 (47% Gain). Since reaching the ATH we have failed to break past the 61.80% level but a further retracement to the 23.60% should get the Bulls back in the market and we can expect to finally break through this level after 4 failed attempts from the current ATH . Huge parabolic move still on the cards here, be patient, DCA if you are already riding the wave or look to enter for a potential 93%+ Gain. See previous analysis below. Happy Trading :) Update 20/03/2021 Since reaching a new ATH @ $0.57 after a Buy signal came from our script, Matic retraced down to $0.32 and is currently sitting in our Buy Zone to re-enter Buys to DCA /Accumulate at the 38.20% Fibonacci level @ $0.35. We expect another huge parabolic move for Matic to test the previous ATH @ $0.57 and further push towards the 127.20% Fibonacci level @ $0.67 in search of a new ATH , there is a potential Gain of 93% from the current price level. Be patient use current Buy zones to enter or re-enter to DCA /Accumulate from the current price level. Current Stochastics show an extremely oversold market and we are confident Matic will be in search of new highs in the coming days. Happy Trading :) Update 20/03/2021 Nice set up from Buy Zone 1, potential test of the 50 SMA before bouncing back to the upside. #MaticUsd *Update* Matic has hit our 161.80% Fibonacci Target @ $0.58. Great buy for everyone that got in and accumulated more coins at the critical buy zone areas. Polygon (Matic) Buy Opportunity! Potential 68% Gain. Great Performance throughout the past month from Matic, this cryptocurrency is showing very strong continuation bullish momentum with HH and LL in a bullish range growing just over 240% over the past month. Matic seems to have found some resistance short-term between the 61.80%-78.60% showing indications of a weak retracement. Buy zone from current price level at 50% ($0.37) Fibonacci level for a sniper entry, but will also be looking to accumulate more coins around the 50% Fib level. Wait for price action, further confirmation from Stochastics showing oversold market before entering any Buys. Potential 68% Gain from Buy Zone 1 to 127.20 Fibonacci Level @ 0.68. The road to $1 Polygon (Matic) is clear. Use buy zones to map out your buys and DCA to accumulate more coins. What is Polygon? Previously known as Matic Network, Polygon is a framework for building interconnected blockchain networks. It seeks to address some of Ethereum’s major limitations—including its throughput, poor user experience (high speed and delayed transactions), and lack of community governance—using a novel sidechain solution. Rather than being a simple scaling solution like its predecessor Matic Network—which uses a technology known as Plasma to process transactions off-chain before finalizing them on the Ethereum main chain—Polygon is designed to be an entire platform designed for launching interoperable blockchains. Through Polygon, developers can launch pre-set blockchain networks with attributes tailored to their needs. These can be further customized with a growing range of modules, which allow developers to create sovereign blockchains with more specific functionality. Key Notes: The race is on to be the first interoperability solution to go fully live. Polygon’s proof-of-stake chain and Plasma scaling solution are live, but developers can’t yet launch their own standalone or shared security chains on Polygon until these features are released. Likewise, neither ZK-rollups nor optimistic rollups have been launched on the network, with Plasma currently the only scaling solution available on Polygon. Polygon’s rivals are also rushing to go live with their offerings. As of March 2021, Polkadot has yet to launch public parachains; and while Cosmos’ Stargate upgrade has seen the launch of its Inter blockchain Communication Protocol ( IBC ), it won’t become fully operational until IBC transactions are enabled on the network.
MLong
by CryptocurrencyMagnet
5
Could MATIC Network Make Another 2-3x Run Up Soon? It's PossibleMATIC has been in a week long consolidation phase after the last 3x run up. It could be near the end of that and making it's next run soon. =================== DISCLAIMER: This is NOT financial advice. My content is meant for entertainment and general information purposes only. It's only my opinion and should not be taken as financial, legal or tax advice. I'm not a licensed financial planner or investment advisor. Cryptocurrencies carry a lot of risk and you could lose everything when buying and selling them. I will not be held responsible for any losses or gains as a result of my content. Please DO YOUR OWN RESEARCH before making investment decisions. ===================
MLong
by brendanwenzel
4
Polygon (MATIC) - moving in Flag Channel, Looking For New ATHMATICUSDT has been consolidating and moving in a flag channel since Friday. MATIC is a framework to build & deploy Ethereum-compatible blockchains. We're looking at a breakout to the upside as the most probabilistic scenario. Targets: TP1 is at last resistance at ATH area around 0.92 USDT. If we break TP1 and make a new ATH, you could trail your SL to the measured target $1.24 (= size of the Flag's Pole in pips). Entries: First entry is at support of (4) but is less probabilistic to hold than the 2nd entry. 2nd entry is on retest of the channel when we see a successful breakout and is more probabilistic to hold. MATIC has a market cap of $4b & is currently ranked #45 on CMC making it a midcap (<$10b). The Matic Network was recently rebranded to Polygon & has seen a growth in interest and usability over the recent days. Polygon is a framework and protocol for building Ethereum compatible networks. MATIC is the native token of Polygon. There are preset blockchains ready to be customized and deployed in one click (like websites templates). It's an interoperable protocol which means it can send messages between Ethereum and other blockchains. Polygon sounds like a promising project and with Ethereum growing in interest & demand this looks bullish in the midterm for MATIC as well. Follow me if you'd like to see more content similar to this & thanks for reading! 👋
MLong
by jonathanvn
4
Matic not looking bullish, but might be divergenceAfter a minuscule Bitcoin correction, ALTS overreacted again, as it may look perhaps.. 15-30% corrections might seem big, but we also had bullish activity preceding of 10-30x. Everything in it's context, it looks scary of-course, but as long we won't get below a 50 or 61.8% correction we are still bullish, and we are just around the 38.2% FIB level. Above we are still playing with the 21% EMA and the 50 EMA in green hasn't even been touched: on the contrary I changed the EMA level to 42%, where it got rejected during this correction. This also seems to be exactly half of the most important 21% EMA .. ! I do think we could see a magnification in the chart and fractals. Pink rectangular indicates a magnification from the smaller one. It is of-course never a certainty, but in my opinion I cannnot believe Matic/Polygon to stop here at not yet a 2B usd level, while Polygon should be the future of Layer 2 and Ethereum bridge, I repeat.. Above bitcoin was rejected from the side of a large ascending parallel and if we remain in it, we could have a big chance to get above the 60K level for good. It is not easy to be opportunistic at this moment, but we have made it so far already and bitcoin dominance is decreasing. Of-course the total value must stay intact and steadily increasing. I can foresee in the near future a Polygon with a market share of 5B usd or a round 1 usd value / token. There are plenty of projects in the top 20 which are far from important. I hope the majority gets to understand after Theta, that Matic is actually even more important.
MLong
by Wolverinos
4
Matic New ATH $0.67 NextPolygon (Previously known as Matic) Update 27/03/2021) poised to test another New ATH @ $0.67 (15% Gain) from the current price @ $0.58. On the 25th April the 13 EMA crossed up above the 50 SMA signalling a strong buy signal, Polygon gained 70% from this parabolic move back to the ATH levels which were tested last in early March. Our next price target from here is $0.80 (37% Gain) to the 161.8% Fibonacci level. See previous analaysis below :) Polygon (Previously known as Matic) Update 25/03/2021) poised for another test of New ATH @ $0.67 (93% Gain) Polygon (Matic) poised for another test of New ATH @ $0.67 (93% Gain). From Buy Zone 1 Matic has retraced 18% and is now sitting in our Buy Zone to DCA and accumulate. If we continue to retrace to the 23.60% Fibonacci level, expect an explosive move back towards the 61.80% Fibonacci level @ $0.43 (47% Gain). Since reaching the ATH we have failed to break past the 61.80% level but a further retracement to the 23.60% should get the Bulls back in the market and we can expect to finally break through this level after 4 failed attempts from the current ATH . Huge parabolic move still on the cards here, be patient, DCA if you are already riding the wave or look to enter for a potential 93%+ Gain. See previous analysis below. Happy Trading :) Update 20/03/2021 Since reaching a new ATH @ $0.57 after a Buy signal came from our script, Matic retraced down to $0.32 and is currently sitting in our Buy Zone to re-enter Buys to DCA /Accumulate at the 38.20% Fibonacci level @ $0.35. We expect another huge parabolic move for Matic to test the previous ATH @ $0.57 and further push towards the 127.20% Fibonacci level @ $0.67 in search of a new ATH , there is a potential Gain of 93% from the current price level. Be patient use current Buy zones to enter or re-enter to DCA /Accumulate from the current price level. Current Stochastics show an extremely oversold market and we are confident Matic will be in search of new highs in the coming days. Happy Trading :) Update 20/03/2021 Nice set up from Buy Zone 1, potential test of the 50 SMA before bouncing back to the upside. #MaticUsd *Update* Matic has hit our 161.80% Fibonacci Target @ $0.58. Great buy for everyone that got in and accumulated more coins at the critical buy zone areas. Polygon (Matic) Buy Opportunity! Potential 68% Gain. Great Performance throughout the past month from Matic, this cryptocurrency is showing very strong continuation bullish momentum with HH and LL in a bullish range growing just over 240% over the past month. Matic seems to have found some resistance short-term between the 61.80%-78.60% showing indications of a weak retracement. Buy zone from current price level at 50% ($0.37) Fibonacci level for a sniper entry, but will also be looking to accumulate more coins around the 50% Fib level. Wait for price action, further confirmation from Stochastics showing oversold market before entering any Buys. Potential 68% Gain from Buy Zone 1 to 127.20 Fibonacci Level @ 0.68. The road to $1 Polygon (Matic) is clear. Use buy zones to map out your buys and DCA to accumulate more coins. What is Polygon? Previously known as Matic Network, Polygon is a framework for building interconnected blockchain networks. It seeks to address some of Ethereum’s major limitations—including its throughput, poor user experience (high speed and delayed transactions), and lack of community governance—using a novel sidechain solution. Rather than being a simple scaling solution like its predecessor Matic Network—which uses a technology known as Plasma to process transactions off-chain before finalizing them on the Ethereum main chain—Polygon is designed to be an entire platform designed for launching interoperable blockchains. Through Polygon, developers can launch pre-set blockchain networks with attributes tailored to their needs. These can be further customized with a growing range of modules, which allow developers to create sovereign blockchains with more specific functionality. Key Notes: The race is on to be the first interoperability solution to go fully live. Polygon’s proof-of-stake chain and Plasma scaling solution are live, but developers can’t yet launch their own standalone or shared security chains on Polygon until these features are released. Likewise, neither ZK-rollups nor optimistic rollups have been launched on the network, with Plasma currently the only scaling solution available on Polygon. Polygon’s rivals are also rushing to go live with their offerings. As of March 2021, Polkadot has yet to launch public parachains; and while Cosmos’ Stargate upgrade has seen the launch of its Inter blockchain Communication Protocol ( IBC ), it won’t become fully operational until IBC transactions are enabled on the network.
MLong
by CryptocurrencyMagnet
7