MATICUSD showing strengthHello,
Today we look at MATIC.
- MATIC is still in strong support zone, not yet broken out.
- It is also battling 21 weekly EMA. If it manages to cross up, it is a very bullish sign.
- It is in a bullish divergence (RSI making higher low while price makes a lower low).
- Volume has increased in the last weeks, showing potential that bottom is in.
- RSI got up above 43 and tested it as support. RSI cross above 43 has always showed to be bullish.
Resistance levels:
- 0,75 USD
- 1 USD
- 1,3 USD
Remember to take profits along the way. Do not be too greedy. Success is a series of small(er) wins, not one major win.
Make sure to check my other posts, all are still valid.
XLM has already made x2 since my post, DOT is up 50%...
Not a financial advise. Do your own research.
Good luck!
Maticnetwork
Matic Bull Pennant! PRICE TARGET $65No need to explain this massive bull pennant! The image says it all!
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.
#MATIC/USDT#MATIC
The price is moving within a bearish channel pattern on the 4-hour frame, which is a strong retracement pattern
We have a bounce from a major support area in the color EUR at 0.5340
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it
Entry price is 0.5500
The first target is 0.5980
The second target is 0.6307
The third goal is 0.6720
MATIC Network AnalysisMATIC not only performed exceptionally well in the previous bull market but also held up strongly compared to other altcoins in the bear market. I consider $0.37 as the main support level, with ultimate targets of $3 and $10. DYOR
MATICUSD: Swing Buy, Possible touching HHDear Traders,
Our Previous analysis on Maticusdt turn out to be in our favour, now we are looking at possible price reversal and this time we are targeting previous all time Higher High. Price has breakthrough the consolidation phase and now on to completion of manipulation phase. After this we can expect price reversal in form of distribution.
Will MATIC reach $1 above in coming months?MATIC is struggling to break out from $0.60s and $0.70s due to low volume and short liquidation leverage.
If a breakout from $0.75 (resistance) can expect to reach $1.20
Reminder on MATICUSDThe large triangle is forming similar to the one prior to the 2021 breakout
I expect MATICUSD to melt faces post this triangle breakout
I have posted a chart like this before but it becomes more relevant everyday
BULLISH
Polygon Matic price is at the bottom of global consolidationDuring the recent correction of the crypto market, the price of #MATICUSDT fell quite a bit, as for an altcoin from the top 20
However, the aggressive buyback of CRYPTOCAP:MATIC started from the critical zone, and this is good. Perhaps it was around $0.60 that big money was ready to buy.
Whether this is true or not, we will soon find out, because if the price of the #Polygon token is to start its upward trend, it should not more allowed to fall below $0.60
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MATICUSD 1WMATIC ~ 1W
#MATIC The movement of CRYPTOCAP:MATIC is increasingly limited in this pattern. It looks like Whales still maintain Support in this pattern.
We are still long-term bullish on #MaticUSD as long as price still maintains this support.
MATIC: RARE Pattern ! Three Drive spotted 📉📉 MATIC - USDT 📈
The three-drive is a rare price pattern formed by three consecutive symmetrical moves (or drives) up or down. In its bullish form, the market is making three final drives to a bottom before an uptrend forms. In a bearish three-drive, it is peaking before the bears take over. this means that we SHOULD bottom soon, at least. And the next landing zone could be a good accumulation point.
At first glance, it may appear bullish - since the price is now consolidating under a "resistance zone", which is normally a bullish indicator when the price is INCREASING, but not when the price is decreasing.
This is infact not consolidation under a resistance zone, but should be seen instead as another failed bounce on a key support zone.
The immediate price we can expect to see in the short term is 0.59c, however this zone was already tested with a wick - meaning it will be weaker when we head there for a second test.
Although it's a great alt to have as a part of your diversified portfolio; I've been bearish on Matic for a while, with my previous update also cautioning sell for short term:
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CryptoCheck
BINANCE:MATICUSDT
I Think MATICUSDT Will Breakout SoonA large triangle can be obtained using previous highs.
MATIC is testing the trend line for the third significant time.
I think this trend line will be broken and MATIC will break out upwards
I'm very bullish
I think of MATICs chart as ETHs was in its early days
Completion of 2-year consolidation Polygon MATIC price is near!The MATICUSDT price now is in the liquidity zone, where it will be decided whether it is a winner or a loser.
In order to grow further, it is necessary to shake out "extra passengers" from long positions. In other words, a breakout of the Matic price below $0.73 should activate stop orders.
In such a trading situation, keeping a pending limit order in the range of $0.60-0.63 might be a good idea.
On the other hand, a similar trading pattern was already seen in the second half of 2022. Back then, "buyers" didn't let everyone who want to buy below the liquid zone, but pushed the MATICUSD price up from "the base" to update local highs.
What will happen this time? Write your thoughts in the comments.
MATIC Liquidation HeatmapMATIC
short Liquidation
1.1794
1.3068
if there short squeeze
there is 2 price
MATIC SCALP📊Analysis by AhmadArz:
🔍Entry: 1.218
🛑Stop Loss: 1.242
🎯Take Profit: 1.194-1.167
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#MATIC/USDT #MATIC
The price is moving in a descending channel on a 4-hour frame
It is expected that this channel will be penetrated upward with stability above the Moving Average 100
Also we have oversold on MACD
Current price 0.8262
The first target is 0.8782
The third target is 0.9562
The third goal is 1.026
Keep an eye on $MATIC/USDTDid you find this crypto market analysis helpful? Stay updated about the latest crypto market update.
Please continue to follow my analysis and feel free to ask any queries, you may have. I am here to assist you.
TradingView: @FarmanBangashh
MATIC - Bullish Flash on THIS Indicator 📢📉Hi Traders, Investors and Speculators of Charts📈
If you've been following, you'll know I'm fundamentally bullish on MATIC. And it gets better than fundamentals - we just saw a bullish "BUY" signal flash on the weekly from a powerful indicator!
Polygon is unique in that it's a blockchain platform designed to work with another blockchain platform. It improves Ethereum's scalability - which we all know if the biggest problem of ETH. ETH dApps can use Polygon's sidechains, thereby making it a functional and fundamentally great choice as an altcoin asset.
One of the exciting things about Polygon is the partnerships it has established. Many big brands are working with Polygon to launch their NFT projects. Current partners include:
✅ Walt Disney
✅ Starbucks
✅ Meta Platforms
✅ Nike
✅ Mercedes
✅ Google
✅ Adidas
✅ Adobe
✅ Mastercard
✅ Reddit
While it might not pump as hard as other altcoins, it's also far less likely to fail than smaller , newer cryptos with similar aims - and it still has plenty of room to grow. Its partnerships make it an interesting buy for those who are interested in a well diversified portfolio, containing assets with real-world use case and strong fundamentals.
A possible scenario like this seems possible IF we can maintain closing daily candles ABOVE the diagonal trendline (support):
A drop and CLOSE UNDER this zone invalidates short term bullish sentiment:
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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CryptoCheck
BINANCE:MATICUSDT
MATIC - New Uptrend?After reaching a 6-month high near $1, the price entered a correction phase represented by a descending trendline, with price compression below it.
Now #Matic has seen an increase in open interest, signaling a new attempt to break the downtrend and start a new uptrend.
MATIC → Polygon Showing Reversal Signals? A Short Scalp is Near!MATIC (Polygon) is holding above the Daily 200EMA support and has yet to break it after making contact 5 times since breaking it. So why is a short scalp reasonable?
How do we trade this? 🤔
We have a few good reasons to be looking for a counter-trend trade; There have been several sell-offs in the $0.95-$1.10 range, a very strong sell-off at $1.10, the 200EMA support has been tested 5 times which adds to the probability it will be broken, and the RSI is at 50.00 and below the moving average.
These data points tell us it's time to start looking for counter-trend setups, but we cannot enter a trade until we see confirmation to enter. What we need is a final test of the $0.98 area to get a good entry around $0.93-$0.95. From there, we can short half of our position to the 200EMA ($0.79), take profits, move our stop loss up to our entry price, and then swing the rest of the position down to the Support Zone at $0.665.
Taking profits at the 200EMA is about a 1:1 Risk/Reward if our stop is placed just above the previous high at $1.11. That is a reasonable scalp, and the rest, being a bit lower probability of success, allows us to swing the second half of our position without the worry of losing money. We could repeat this approach until either the 200EMA Support breaks or the $1.10 high breaks and stops us out, which lets us know the upward momentum isn't done yet.
💡 Trade Idea 💡
Short Entry: $0.95
🟥 Stop Loss: $1.11
✅ Take Profit #1: $0.79
✅ Take Profit #2: $0.67
⚖️ Risk/Reward Ratio: 1:1.75
🔑 Key Takeaways 🔑
1. Several Sell Signals at Key Resistance area of $0.95 to $1.10
2. Strong Sell Signal After Hitting $1.10
3. Wait for One More Failed Attempt to break $0.95
4. Short a Sell Signal off of $0.95-$1.00 Price Area, Stop Loss above Previous High of
5. RSI at 50.00 and below Moving Average.
💰 Trading Tip 💰
It's reasonable to take half profits at the first support target in a short trade, or the first resistance target in a long trade. You can then move your stop loss up to your entry price and 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!
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1. Reading price action
2. Chart analysis
3. Trade management
4. Trade psychology
3- entry (MATIC)📊Analysis by AhmadArz:
safe in chart risk by 3-entry.
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
Matic shows a buy signal.I'm NOT SURE if the MATIC pumps successfully, but the sl is -5%, so it's worth a try. Time will tell if it works out or not, but I at least gave myself a chance with it and the chance of losing is almost non-existent.