Get started

Maticlong

MATIC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this MATIC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Polygon (MATIC) also hit multi-week highs on Wednesday. MATIC/USD reached 0.5486 at the start of today's session, bouncing back from a low of 0.536 a day earlier. The move pushed Polygon to its strongest level since September 8, when the token reached a high of 0.5586. Earlier gains have faded, and the RSI appears to have failed to break out of its range at the 49.00 mark. Currently, price strength stands at 47.34, however, momentum remains largely bullish ahead of a potential moving average crossover. The 10-day (red) and 25-day (blue) trend lines are on the verge of moving up, which could lead to a fresh surge in prices. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
MLong
by CryptoSanders9563
2
MATIC – Two Entry Points• Yesterday’s long trade on MATIC was a huge success. However, we may be on the verge of an altseson. Consequently, I THINK MATIC still has a more fuel in the tank. • I have two possible long entries for MATIC. The first is based on an hourly demand zone and the second is based on a daily supply zone. Trade Idea No. 1: • Entry: 0.764 USDT. • SL: 0.755 USDT. • Target: 0.95 USDT. • R: R: 1:18 Trade Idea No. 2: • Entry: 0.7404 USDT. • SL: 0.71 USDT. • Target: 0.95 • R: R: 1:6.88
MLong
by NewThoughtCrypto
Polygon (MATIC) Bull ScenarioDo you think Altcoins will stall when Bitcoin starts running? If you think the alts will walk too, I can talk to you about MATIC. In my opinion, I think we are in the days when we have the last opportunity to buy MATIC, which will be the star of the next bull season. As you can see on the black lines, MATIC, which made the symmetrical triangle it made in the past, entered short-term downtrends 2 times within this symmetrical triangle (Orange line) and after the second break, the bull run started. We are on the eve of this process. In the two symmetrical triangle patterns, we can see that MATIC is spending a lot of time inside the 0.382 and 0.618 levels of Fibonacci retracement. (Purple Boxes) In addition, the bottoms and tops that form the symmetrical triangle in both patterns are made at the same Fibonacci levels. This is another indication that the two patterns are very similar. (Red arrow and circles) Therefore, when we look at the Fibonacci levels again, we can see that when the bull season is entered, the targets will be $10 and $87, respectively. This means 1672% when the first target arrives; In the second target, a profit of 14000% will be obtained. Since the risk/reward ratio in this scenario fits my trading style and strategy, I made my first purchase at this level. I will add when the orange resistance is broken and retested, and I will add my position at the retest after the triangle break (black) and wait for the $87 level.
MLong
by YavuzAkbay
3
Matic Polygon eyes 200% gains on PolygonPolygon in high-profile partnerships Notably, Meta, the parent company of Instagram, named Polygon as its initial partner for its upcoming nonfungible token (NFT) tools that allow users to mint, showcase and sell their digital collectibles on and off the social media platform. Meanwhile, banking giant JPMorgan used Polygon to conduct its first live trade (worth about $71,000) on a public blockchain, marking a concrete step toward integrating cryptocurrencies into traditional financial frameworks.  MATIC, a utility and staking token within the Polygon blockchain ecosystem, rose over 13% to $0.985 after the announcements, accompanied by an uptick in daily trading volume. MATIC’s upside move came as a part of a broader recovery rally across the crypto sector that started in mid-June. MATIC’s price has rebounded by more than 200%, a trend that will likely sustain in the coming months. On the daily chart, MATIC has painted a cup-and-handle setup, which comprises a U-shaped recovery followed by a downward drifting channel. The token is now eyeing a decisive breakout above the pattern’s neckline range (the red bar in the chart below) to reach $2.89, its primary upside target. As a rule of technical analysis, a cup-and-handle pattern’s target is measured after adding the distance between the cup’s bottom and neckline to the potential breakout point. As a result, MATIC is now eyeing a 200% price rally by the end of Q1 2023. Fundamentally, MATIC’s demand could keep growing, given Polygon’s growing NFT projects launched by mainstream companies. On the other hand, macro risks continue to threaten the ongoing crypto market recovery, which may hurt Polygon despite its growing partnerships with big-name brands. That being said, a strong pullback from the cup-and-handle pattern neckline range could invalidate the bullish setup altogether. Technical analysis: I have marked the important zones with numbers and explained them : 1 Agresive Sellers shortened Matic at 2.60. Technically The market had very low bullish volume and huge bearish Deltas . The market broke the short term support at 1.75 and it became again resistance. Now the sellers started to build their positions stronger. Long term buyers took partial profits here, new buyers took losses, and sellers sold more here. The creation of more sell orders finally pulled down the market to the deepst waters0.39145 2 This zone was and is defending strongly by Matic Long holders. The sellers took some profits here.The long term buyers bought more matic and new buyers came into the market. Also some late sellers took losses here or took profits.Also some sellers became new buyers. More Buy orders pushed up and pumped matic to 1.40(Defended ell area=Double Resistance) 3 Long move has a double support 0.73 and 0.65 area The increased volume and delta at this area supports buying positions,but also the volatility . 4 A break above 1.5463 increases more delta bullish and more buyers will support this positin but this time more agressively. The market has higher highs and higher Lows structure.To build a long term Bullish trend, a break above 1.5460 is essential 5 A break and holding above 1.54680 finally establishes a strong lbullish long term trend 6A break of 1.6590 is catastrophic for the majortiy bulls,but the final support 0.38 could save them. If this zone has lost, The sellers will control the market for a longer periode, as the resitance numbers make it very hard for bulls to take advantageof the bull trend.
CAPITALCOM:MATICUSDLong
by DaveBrascoFX
5
MATIC LONGCurrently, the coin is moving in a downward direction. As we can see, a descending wedge pattern is forming, and I expect a breakout from this wedge pattern in the near future. I anticipate the price to fall to the levels of $0.55 - $0.67 per coin, where I would start buying on the spot or consider going long on futures. The reasons for entering at this level are: Weekly FVG indicates a potential opportunity. The 200-day ema on the Weekly TF usually acts as strong support for the price. The 50-day ema on the Monthly TF also adds to the potential support level. However, it's important to note that a break below $0.55 could signify further price decline. In such a case, I would assess the long position based on the situation.
MLong
by vazitrades
MATIC/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this MATIC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Polygon (MATIC) Polygon (MATIC) snapped a three-day losing streak on Thursday, following a crossover of moving averages (MA). The 10-day (red) MA crossed its 25-day (blue) counterpart in today’s session, sending the price to a peak of 0.8974. This comes following Wednesday’s low at 0.8787, which saw MATIC hit its weakest point since May 25. market volatility in polygon remains significantly high, with earlier gains almost fading. MATIC is trading at 0.8934, with the RSI at a reading of 46.03, which is close to a ceiling of 48.00. Should this aforementioned point of resistance be broken, bulls could force a move toward 0.9000. Hit the like button if you like it and share your charts in the comments section. Thank you
M
by CryptoSanders9563
MATIC/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this MATIC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Polygon (MATIC) was another notable mover on Thursday as the coin also reversed course today. MATIC/USD touched a peak of 0.8895 at the start of the day, which comes less than 24 hours after trading as low as 0.8591. As a result of today's surge, MATIC is up 3%, moving away from the recent low of 0.8390 in the process Earlier gains have been pared down somewhat, which comes when the RSI hits the ceiling of 45.00 Hit the like button if you like it and share your charts in the comments section. Thank you
M
by CryptoSanders9563
Matic is on a ride. Yet a fall can confirm its direction.Hello everyone. I hope everyone is well. I recently got lot of request to put up matic and here it goes. Matic is a veryy good buy (I am SAYING this because i know) and yet long HODLERS need not to worry. Yet new buyers need some direction as-to where can this moment lead to. Now as matic fell, most likely it has to be following a parallel channel, small swing can test 200SMA, but what my concern is it could yield profit both ways, currently matic is in a sidephased momentum where mostlikely 0.7962 if it not stays likely to fall for more till mentioned, It is a cumulative analysis I have done based on Days Week and Months chart and is not suitable for Day trades, though this synopysis can be taken to manually do trades as you wish. Most likely 0.9099 can lead it to a great space as usual. But for sure, if altcoins roll, they might, But if someone asks me, what you'd feel for long term? It is $20 and above. Keep holding Matic.
M
by MastaCrypta