Could MATIC Repeat History and Hit $100?Looking at the tea leaves, it appears the price action is repeating the same pattern it did prior to the previous bull run. If we repeat the next bull run with the same growth, MATIC is poised to hit $100. Could history repeat itself? We'll see!
MATICEUR
MATIC♾️ breakoutWassup guys! Polygon broke up this triangle📐 and I think there is chance for run to 1.1340 and even higher, but we could see some correction first. I traded the initial breakout but one can set BUY LIMIT order to previous range high to catch🎣 the potential pullback. As always ... don't chase the market, let the market come to you.
ENTRY : local high @ 1.0185
STOPLOSS (SL) : local low @ 0.9760
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 1.1340
REWARD RISK RATIO (RRR) : 2.65
INVALIDATION : when SL level hit
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
MATIC - Poised for big against against BTC if history repeatsMATICBTC broke out to the upside of its 18 month channel and is confirming support above it. If we get a strong move to the upside, we may have a repeat of 2021. I'm long here.
MATIC ready for the next moveLooking at the 4 hr timeframe for MATIC, we can see a nice cup and handle forming. Price is in the upper haf of the bollinger bands with RSI hovering the 50% mark.
I am looking for the price to find support on the middle of the bollinger band which coincides with the intraday resistance of Eur 1,70 (USD 1.95).
If so, I expect that price will move up to around Eur 1,95 (USD 2.3).
My target for this bull run is Eur 3 (USD 3.5).
MATIC is moving slowly but steadily. Long term prospects look good.
Do your own research, keep looking for confirmations.
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POLYGON MATIC InvestingMATIC POLYGON
Important jump for MATIC, yesterday.
I invested a part of stake cryto on this interesting coin, due to the scalability potential of the blockchain connected to it, which speeds up what Ethereum still cannot do.
Ascent accompanied by excellent volumes.
I entered 0.97 on September 30, 2021 and after a near re-test of the important volumetric level that accompanied my entry choice, MATIC took off well beyond the euro.
Very important resistance, because it coincides with a key volumetric level at 1.46, an interesting target for those who trade on this crypto.
As far as I'm concerned, I consider MATIC, with STELLAR, CARDANO and a few others an ALTCOIN that could soon follow SOLANA's path.
Happy trading
Lazy Bull
DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
Polygon approaching temporary highLooking at the 4 hr chart for MATICEUR, we can observe divergence between price and RSI.
Based on recent support, I expect price to drop to around 1,05. If that support breaks, we could see a drop to 0,85 or even 0,55.
