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MATICBTC

BINANCE:MATICBTC - BULLISH ON LAYER 2 SOLUTIONSWith ETH having problems with scaling, gas fees and ETH 2.0 delays, layer 2 solutions might become the next hot thing in crypto! DeFi has put a lot of stress on the ETH network, and layer 2 solutions might alleviate some of these pain points. MATIC is a layer 2 solution backed by Binance and Coinbase, and has the potential to be a Coinbase listing. On the Binance chart, Matic has had an uptrend since being listed, and has respected this trend. Given the current market conditions, and the need for a solution like MATIC, this can be a good trade for medium to long term.
MLong
by dmen626
1
$MATIC / Matic BULLISH chartI have to admit... I absolutely hate this chart. It's so ugly. Just like XRP and TRX. That being said. I'm still quite bullish on Matic. There has not been big news coming out of the company lately, but I'm sure they will announce something massive and DeFi-esque soon. That chart is getting closer to the end of this massive triangle and soon has to decide weither it should roll over and die or explode upwards. (My guess is the latter). The lower yellow line has been respected as support 5 times. Last time was yesterday. The blue horisontal line has also been of big significance @ 167 sats. My guess is that we break out of the traingle to the upside -> Meeting resistance at the top yellow and top green line (bit of zig-zag in that area) -> retest the top green line and bounce off it -> MOON CITY. I would not be surprised though if we revisit 167 sats one last time as a fake-out. If what were to happen I would be buying enormous amounts og Matic. Let me hear what you think! #DYOR
MLong
by FourApplesADay
3
MATIC the next 100% runner? It seems ATOM, ALGO, MATIC, all the Binance IEOs have been garnering some momentum. And at present moment MATIC has the best looking chart that has not broken out already. If it can break and hold above the current marker $0.0267, it has potential to reach for the higher fib targets. Additionally it has created a large ascending triangle that has a measured move target closer to the 2.0 fib level, approx. $0.05 marker. I'll be taking a small trade here in MATIC Trade structure: Low risk | 1% capital | 10x levg. Entry: $0.0278 Stop: $0.0235 TP: $0.033, $0.041, $0.045+
FTX:MATICPERPLong
by TheAlphaTrades
Will MATIC hold long-term Monthly uptrend!?MATIC is one of few alts that has had a consistent upwards trajectory since being listed. The plotted uptrend was found on the Monthly TF although more detail can be observed by the Weekly TF. Since being listed MATIC has not had a Monthly or Weekly candle close below this trend-line but with only 2 days till the Monthly close and 4 days till the Weekly close it will be a tough ask for price to recover. Price is currently around 180sats and would need to rise and close at around 200sats within the next 2 days to stay above the uptrend on the Monthly TF. It can also be seen on this TF that MATIC has two key Weekly Support/Resistances in 202sats and 164sats. Since forming the Weekly Support at 164sats a Weekly candle has never closed below it although it is being tested once again. If this level is lost then the bearish momentum may well cause price to test the Monthly Support of 80sats which in my opinion is a great buy area.
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by UnknownUnicorn3942995