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Maticnetwork

#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
MLong
by CryptoAnalystSignal
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 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
M
by P_S_trade
13
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: _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:MATICUSDT
MShort
by CryptoCheck-
3
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.
M
by P_S_trade
7
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. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:MATICUSDT
MLong
by CryptoCheck-
4
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! Like 👍 and Follow to learn more about: 1. Reading price action 2. Chart analysis 3. Trade management 4. Trade psychology
MShort
by TraderEngineering
MATIC Update - 06.01.2024 / Great local Long setup1 hour chart: we observe the coin moving in an upward order flow through the structure breaks in the Long and buy pattern, then got a reversal, coming to the FTA in the form of a monthly block order zone. Over the last couple days failed and took out all the compression and liquidity behind the key low, then got a reaction and formed a TDP and stb zone of interest. Also left magnets to deliver price from above, namely daily imbalance, compression, liquidity behind the key high. So, expect a nascent long order flop on ltf through structure breaks, after which I will consider positions on this asset! ❗️ Not financial advice, always think with your head.
Long
by trademansi0n