MATICUSDT 1WMATIC ~ 1W
#MATIC Layer 2 which was successful in its time today is at its strongest support.
If you have confidence in this Token, this is the right time to start buying, at least for a minimum 20% increase.
Maticbullish
MATIC → Polygon Pullback to $0.35 then $0.70? Let's Answer.Since my February 3rd update, MATIC has remained in a trading range, as expected. We found resistance at $1.25 and then pulled back in two strong legs. Should we be bearish or bullish on MATIC?
How do we trade this? 🤔
As expected, MATIC found resistance at the Resistance Zone of $1.25 after two pushes up in the trading range followed by two legs down, leaving us below the Support Zone at a low of $0.50. We now see the price finding support in this area, and it has yet to show signs of strength.
It's not reasonable to enter a long here given that we lack a strong bullish candle close. We need to wait for a strong candle at this support area, but I believe it's more likely we will fall to the triangle low of around $0.31. Look for a signal and confirmation candle in this area then enter a long. Once that target is hit, take half profits at 1:1 Risk/Reward, moving the stop loss up to the entry price, then swinging the latter half of the position to 1:2 Risk/Reward.
We also need to watch Bitcoin's sentiment as the price action plays out. I expect Bitcoin will fall into a two-legged pullback to around $40,000-$45,000, which should take the alt market down with it, either keeping it in a trading range or bringing it to lower lows. Until Bitcoin's sentiment shows a clear bull signal after a likely pullback, it's one more indicator we should allow to play out before getting long in MATIC.
A final point of data is the RSI low and above the moving average of around 37.00. This indicates we are into the swing high and a long entry at this stage is warranted.
💡 Trade Idea 💡
Long Entry: $0.40
🟥 Stop Loss: $0.27
✅ Take Profit #1: $0.53
✅ Take Profit #2: $0.66
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Two legs up toward a resistance zone in a triangle
2. Resistance met at $1.25, two legs back toward the triangle low
3. Look for a break below the triangle to the triangle low
4. Long entry justified after strong bull candle close near triangle low
5. RSI at 37.00 and below the moving average. Supports a long entry
💰 Trading Tip 💰
The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades.
⚠️ 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. Trading Psychology
#MATIC/USDT#MATIC
The price recently reached the first target of 0.8400, which is a moving average of 100 on
a 3-day frame
It achieved approximately 70% rise
After the descending triangle and the downtrend were broken, which opened the way for the rise
Supported by saturation on MACD
It is expected that a slight correction will occur before the rise to the second target at 1.1400 continues
Then the second target is 1.4446
This represents 300% since the downward trend was broken
MATIC → Polygon Pullback then Bounce to New Highs? Let's Answer.MATIC has been caught between a trading zone since November but has finally touched the Support Zone and bounced back above the Daily 200EMA. Should we long here?
How do we trade this? 🤔
The Support Zone was touched and a strong bounce led the price back above the 200EMA. We are currently hovering between the Daily 30EMA and 200EMA with no clear signals to buy or sell. The RSI is around 46.00 and above the Moving Average, another sign for a long position. The only thing we're missing is a solid Risk/Reward Ratio and a buy signal, which requires the price pullback a bit more before we can enter the market.
We ought to target at least a 1:2 Risk/Reward, but I believe we have the runway for a 1:3 Risk/Reward given the distance to the previous high of $1.092. Target the $0.735 price area for an entry and place a stop loss below the previous low in the Support Zone around $0.655, the first Take Profit at $0.815, and the final Take Profit around $0.975 or until you see a sell signal. Move the stop loss up to the entry price when Take Profit #1 is hit to lock in profits.
The first take profit is placed around the 30EMA zone since it may act as resistance. The second take profit is placed just before $1.00 where there has been a few failed attempts to break it since November.
💡 Trade Idea 💡
Long Entry: $0.735
🟥 Stop Loss: $0.655
✅ Take Profit #1: $0.815
✅ Take Profit #2: $0.975
⚖️ Risk/Reward Ratio: 1:3
🔑 Key Takeaways 🔑
1. Trading range after a bull run justified long bias.
2. Contact with the Support Zone followed by a bounce.
3. Price hovering between 30EMA and 200EMA, wait for pullback.
4. Look for long entry around $0.735 for a 1:3 Risk/Reward ratio.
5. RSI at 46.00 and above the moving average, supports long bias.
💰 Trading Tip 💰
It's reasonable to take half profits at the first resistance target in a long trade, or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to 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. Trading Psychology
MATIC → Clear Shot to $1.00!? This Chart Answers that Question.Polygon broke out of the 200EMA resistance and ran to the upside to flirt with the $1.00 price point in mid-November. We've now seen a two-legged pullback from that price and a double bottom seems to have formed. Does that mean we're ready to try for $1.00 again?
How do we trade this?
We do have many of the required conditions to get long! But we do need to wait on one more condition to give us the optimal probability for our long trade. A bull candle closing on or near its high is the final step and it looks like the current Daily candle could deliver! Once you see that close, it's reasonable to get long and go for a standard 1:2 Risk/Reward ratio, protective stop below the Daily 200EMA and set a profit target around the previous high of $0.95.
Also, be prepared for the bullish scenario to fail. Keep an eye on Bitcoin as a leading market indicator to see if it succeeds in breaking the Weekly Resistance. If Bitcoin reverses at the $39,000 - $40,000 level, watch MATIC's response closely and be prepared to get out of your long. Look for a strong bear bar closing on or near its low with followthrough.
Trade Idea
Long Entry : $0.77
Stop Loss: $0.70
Take Profit: $0.91
Risk/Reward Ratio: 1:2
Key Takeaways
1. Bull breakout of the 200EMA, Trending Bull!
2. Followed by Two-Legged Pullback, Ended Nov 23rd.
3. Double-Bottom Reversal, waiting for close of Strong Bull Candle.
4. RSI above Moving Average and around 55.00. Bias to Long.
5. Watch MATIC and Bitcoin for reversal signals, use caution.
You are solely responsible for your trades, trade at your own risk!
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matic/busd buy callMatic/busd just tested support
and bounced back
buy : 1.1555
sl : 1.1465
tp 1.1773
MATICUSDT - achieved the ALL TARGETS +147.2% ROE with 20xI congratulate everyone who opened this position. They reached all the targets and completely closed the position.
MATICUSDT - achieved the first target +69.6% ROE with 20x
MATICUSDT - Well goes from htf
MATICUSDT - Well goes from htf Well goes from htf.
There is a good level of liquidity on top, and locally we have trend liquidity, which will be collected in any case only either when the levels are broken, or after the LFT is confirmed, which was indicated on the chart. The second variant of the outcome is eventful, more acceptable
Target is bsl level ($1.165)
Of course, it is better to consider the input after the structure on ltf.
Primary targets - withdrawal of liquidity as in the chart
target is waiting for the completion of 5 wave ElliottIt should be expected that if the price of Bitcoin increases, the matic price will reach the order block of sellers after completing 5 Elliott waves.
MATIC will continue Bullish movementAs long as it doesnt hit the Stop loss, we are riding the Bullish Trend of Matic. We will wait and see if it moves back up and we will jump into this Long trade
Matic above 382 fib, bullish divergence About to break out to the major resistance line. Next level rally to nearest 618 from the 4H previous swing high to swing low.
MATIC LONG TO $1.85A quick analysis on MATIC using both wave theory, Fibonacci analysis :
Looks like we are in A-B-C correction, subwave 4 of the 5 wave series for Ethereum A-B-C irregular correction
Macro-level
In a complex A-B-C correction
W(A) in orange
W(B) is Blue
Wave(C) is a 5 wave in purple
Micro-level
-------------
1) since we are in Wave (C) its going to be a 5 wave structure. I guess we are just completing W(1) in Wave(C)
2) sw(2) in W(C) went back to $2.46
3) sw(3) in W(C) went to 1.3
4) Sw(4) might go up to 1.85 before it goes down on a sub wave (5)
We need to see if this is going to be an irregular running flat or a normal irregular correction
Appreciate feedback
MATIC weekly chart looking strong!MATIC weekly chart...looks very bullish
with a huge bull pennant and RSI is looking
bullish as well.
MATIC/USD AND MATIC/USDT BULLISH ANALYSIS we are in the strongest support area
please take your position we are going to see a bullish trend asap.
good risk to reward for maticone of trading position i was checking under my eye is this i hope you enjoy it good luck
main trend is down!
MATIC STILL UPTREND ?Until now matic still in uptrend scenario. Price pullback at support area also confluence fibonacci area 0.786 (price around 1690 - 1730).
Price also above EMA 50 in Time frame 1 Day.
When trying to take fibonacci extension we can see area to take profit around :
TP 1 = 2400,
TP 2 = 2581,
TP 3 = 2812.
Stop Loss = Support Area.
note: only take position after confirmation and do your own research before trading.
MATICUSDT - WAIT THE DIPEmissary over here.
Hello again everyone.
Today we take a look at Matic Network.
Price was rejected days ago by the offer zone (red box). I think we'll see Matic reach i'ts all time high once again, but fisrt a retest to the 1.699 inside the channel may be necesary.
If you already have MATIC and it blasts off to the moon in the short term that's all right- But I wouldn't go in at this price. I'll rather wait and see if we can catch it cheaper.
As always, thank you for reading the message once again.
If you like my work give it a thumbs up and leave a follow for more everyday analysis. Remember the message never sleeps.
Also I'd like to hear your opinion in the comments.
Remember this is no financial advise, DYOR and trade at your own pace and risk.
See ya'll
🐃🟢MATIC/USDT !Hello friends. Please support my work by clicking the LIKE button(If you liked) comment your Opinion to help me make a better analysis , 🙏🏻🌹 love you so much lets take a look at the chart .
here we have a rising channel on a daily time frame, when we come to a lower time frame (4H tm) we can see a bullish candle that could start rising the price so I think here we have a long position with a stop under the confirmation candle on 4H tm and the target is middle of the channel.
MATIC NEW ALL TIME HIGHS ON THE WAYClassic cup and handle formation from matic
New all time highs are imminent
Happy thanksgiving guys
MATIC price analysis. We need a volumeBINANCE:MATICUSDT
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it.
Thank you.
Since ATH in April we broke resistance downtrend line 15 October, with volume on 1D make a retest on same timeframe and bounce up!
Almost test 0.786 level by Fib, and found a support on 100EMA 1D
Matic should break 1.90$ but the problem is we don't see the volume! Thats why I expect rejection on this price level and come back to 1.65 test once again. 0.5 Fib.
Most worse scenario we can possible falling down to test uptrend line since July 1.47$
MACD on 1D is bullish we start going in to buyers zone!
Possible Targets
➡️Break 1.90
➡️After break ATH next target is 3.97$
➡️TOP for this bull run is 6$
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MATIC/USDT 4HOUR UPDATE Welcome to this quick
MATIC/USDT analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :- MATIC/USDT analysis is inverse head and shoulder confirm and 21MA and retest trend line and buy the dip
Entry:- $1.54,
$1.60
Traget:- 30% to 45%
Stoploss:- 21 moving average downside trendline break after position close.
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...