MATICBTC
MATICBTC BullishMATIC is ending ABC correction and right now is in Buy Zone / Support, what is great opportunity for buy MATIC before next +20% - +50% profit ! :) In chart you can see many targets. Take profit from 1 to 4 are basic Fib. retracements. Fifth Take profit is Long - term target between 245 - 255sats because there is lot of Fib projections. Stop Loss, Take profits, Buy zone, Support in chart ;) I hope in +50% profit :))
MATIC - Beast sponsored by Binance and CoinbaseWhat could go wrong ? The biggest players in the market are backing it.
I don't really like the project it self, but I like the companion.
Matic marketcap is at 29M today. I bet this can fly to at least 290M over to 1B+
CoinBase Ventures.
MATIC/BTC: Will we continue after breakout from Falling wedge? buy @ 157, 158, 159
sell @200 - 210
TP1: 174
TP2: 190
TP3: 210
MATICBTC Continuation| Apex Zone Hello Traders!
Today’s chart update will be on MATICBTC where it is approaching its apex zone, a move is imminent. Price may put in a macro higher low and continue this Bull Run or we may see a breakdown from local support, negating market structure.
Points to consider
- Trend overall bullish
- Structural support in confluence with .50 Fibonacci and 200 hourly MA
- Resistance coming down from trend line
- Stochastics showing upside momentum
- RSI neutral
- EMA’s giving price resistance
- Volume declining rapidly
MATIC may potentially be putting in a macro higher low if resistance is broken and support is respected. The structural support is very strong as it is in confluence with the .50 Fibonacci level and the MA, a bounce will be more probable.
Resistance is coming into support, accompanied with the EMA’s which will cross bullish when and if MATIC breaks bullish from its apex.
The RSI is quite neutral at current given time, can break in either direction whilst the Stochastics is clearly projecting upside, a bull break in other words will have continued momentum.
The Volume is declining rapidly, which further proves that a break is imminent, we need to see sustained increase in bull and or bear volume, depending on the break, to ensure we are not in a false break.
IMO, MATIC has a high degree of probability to break bullish from this local resistance as support is very strong due to multiple technical confluences. A continuation will put in a macro higher low, confirming the bull trend. A break bearish is also highly possible, this will negate the overall structure, and local lower supports will then be targets for the bears…
What are your thoughts on MATIC?
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And remember,
“There is a huge difference between a good trade and good trading.” – Steve Burns
MATIC correction MATIC potential retest 175 price level, slowly grid down before next leg up. MATIC closed above EMA 21,50,100,200 periods still uptrend. Really strong support for MATIC many times tested was 123 sats level.
MATIC can retest double top area between 207 and 215 sats.
Indicators: MACD bearish crossover above zero line. RSI above zero line. First correction sign.
S/R strong support at 123. Major support at 9.618 fibs level 155 sats. Major Resistance 212 sats, Resistance 187 sats.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
its an uptrendthere has been low volatility in the previous bollinger squeeze,the adx and relative strength confirms the up trend
MATIC (MATICBTC) - 1:3+ Trade @coinselorAfter forming a symmetrical triangle for 2 months, Matic finally broke up with 3x the average volume as of writing this.
This is a trend-following type trade. We entry after setting a new ~40-day high. In the chart, you can see risk:reward and stop loss placement. SL is placed according to current market volatility and a critical S/R level.
MATIC/BTC StrategyHi guys, here is a strategy for BINANCE:MATICBTC in 4 hour timeframe with 70% profitability so far.
Built upon my private indicator Cyatophilum Altcoins Trader
The input parameters are the following:
Sar value : 5
Trend Detector : Disabled
Security : 10% stop loss with a trailing speed of 4 (both long and short)
Take profit : 6% with 1% trailing deviation (both long and short)
Long & Short Trades
HOW TO USE
Apply the Alert Setup indicator to your chart called Altcoins Trader (PSAR Bot V2)
Configure in the parameters
Make sure you are on the BINANCE:MATICBTC pair in 4H (240) timeframe
Create alerts using 'Once per bar close'. Use the following alerts: 'LONG ENTRY', 'LONG EXIT', 'SHORT ENTRY', 'SHORT EXIT'
Backtest results below.
Have a nice trading!
MATIC UpdateStopped at BE in last trade, lets try this again, BTC always liable to fuck setups of course.
MATICBTC Filling the Fibo levels?MATICBTC has been fairly stable following the early August bottom and last week posted a strong rise that almost reached the June 30 High. The 1D MA50 was a Resistance then and it has turned into a Support now. This appears fairly symmetrical to me and the fact that it is now pulling back makes me believe that the pair is after its Fibonacci levels. Next targets" 0.00000268 and 0.00000350.
