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Maticnetwork

Polygon (MATIC) - moving in Flag Channel, Looking For New ATHMATICUSDT has been consolidating and moving in a flag channel since Friday. MATIC is a framework to build & deploy Ethereum-compatible blockchains. We're looking at a breakout to the upside as the most probabilistic scenario. Targets: TP1 is at last resistance at ATH area around 0.92 USDT. If we break TP1 and make a new ATH, you could trail your SL to the measured target $1.24 (= size of the Flag's Pole in pips). Entries: First entry is at support of (4) but is less probabilistic to hold than the 2nd entry. 2nd entry is on retest of the channel when we see a successful breakout and is more probabilistic to hold. MATIC has a market cap of $4b & is currently ranked #45 on CMC making it a midcap (<$10b). The Matic Network was recently rebranded to Polygon & has seen a growth in interest and usability over the recent days. Polygon is a framework and protocol for building Ethereum compatible networks. MATIC is the native token of Polygon. There are preset blockchains ready to be customized and deployed in one click (like websites templates). It's an interoperable protocol which means it can send messages between Ethereum and other blockchains. Polygon sounds like a promising project and with Ethereum growing in interest & demand this looks bullish in the midterm for MATIC as well. Follow me if you'd like to see more content similar to this & thanks for reading! 👋
MLong
by jonathanvn
4
MATIC On Threshold of Breaking Rising Wedge Pattern-Matic has risen 220% in the past week -Bears may be taking control as rising wedge appears -Key support to hold is $0.76 Matic has shot for the stars the past week as the ethereum based token rallies over 220%. BTC falling to $47,000 sparked another bull trend for Matic as the token rose from a low of $0.30 to $0.92. This bull trend may be coming to a halt as the price has formed a bearish rising wedge pattern. For Matic to continue up trending, $0.92 must become support. If this occurs, the bulls must break above the top trend line of the rising wedge formed on the 4 hour chart. Rising wedge patterns are technically bearish and the sell is activated when the price breaks below the bottom trend of the pattern. The 10MA has been holding up the price of Matic for nearly 4 days. Matic breaking down from its rising wedge will likely result in a -15% downfall to major support area of $0.76. The bottom trend is also met with the 10MA, if both marks fail to hold, Matic will fall. In the case that major support of $0.76 fails to hold, $0.67 & $0.59 will provide a bounce for the price. While looking at the MACD, we can conclude it seems very overextended. The histogram has had 28 consecutive green ticks. The blue MA dropping below the orange MA will signal a bearish downtrend. Confirming this view, the Stochastic RSI has printed a bearish divergence as the price made higher highs. 

Matic intraday levels Spot rate: $0.922

 Trend: Bullish 

Volatility: High 

Support: $0.76
 Resistance: $0.90
M
by CoinGape
3
Polygon (Matic) Target Hit, New ATH $0.90. Next Stop $1Polygon (Matic) Update: Target Hit @127.20% Fibonacci level, New ATH @ $0.90 140% Gained from this parabolic move! Next Stop $1, . Polygon (Previously known as Matic) Update 27/03/2021) poised to test another New ATH @ $0.67 (15% Gain) from the current price @ $0.58. On the 25th April the 13 EMA crossed up above the 50 SMA signalling a strong buy signal, Polygon gained 70% from this parabolic move back to the ATH levels which were tested last in early March. Our next price target from here is $0.80 (37% Gain) to the 161.8% Fibonacci level. See previous analaysis below :) Polygon (Previously known as Matic) Update 25/03/2021) poised for another test of New ATH @ $0.67 (93% Gain) Polygon (Matic) poised for another test of New ATH @ $0.67 (93% Gain). From Buy Zone 1 Matic has retraced 18% and is now sitting in our Buy Zone to DCA and accumulate. If we continue to retrace to the 23.60% Fibonacci level, expect an explosive move back towards the 61.80% Fibonacci level @ $0.43 (47% Gain). Since reaching the ATH we have failed to break past the 61.80% level but a further retracement to the 23.60% should get the Bulls back in the market and we can expect to finally break through this level after 4 failed attempts from the current ATH . Huge parabolic move still on the cards here, be patient, DCA if you are already riding the wave or look to enter for a potential 93%+ Gain. See previous analysis below. Happy Trading :) Update 20/03/2021 Since reaching a new ATH @ $0.57 after a Buy signal came from our script, Matic retraced down to $0.32 and is currently sitting in our Buy Zone to re-enter Buys to DCA /Accumulate at the 38.20% Fibonacci level @ $0.35. We expect another huge parabolic move for Matic to test the previous ATH @ $0.57 and further push towards the 127.20% Fibonacci level @ $0.67 in search of a new ATH , there is a potential Gain of 93% from the current price level. Be patient use current Buy zones to enter or re-enter to DCA /Accumulate from the current price level. Current Stochastics show an extremely oversold market and we are confident Matic will be in search of new highs in the coming days. Happy Trading :) Update 20/03/2021 Nice set up from Buy Zone 1, potential test of the 50 SMA before bouncing back to the upside. #MaticUsd *Update* Matic has hit our 161.80% Fibonacci Target @ $0.58. Great buy for everyone that got in and accumulated more coins at the critical buy zone areas. Polygon (Matic) Buy Opportunity! Potential 68% Gain. Great Performance throughout the past month from Matic, this cryptocurrency is showing very strong continuation bullish momentum with HH and LL in a bullish range growing just over 240% over the past month. Matic seems to have found some resistance short-term between the 61.80%-78.60% showing indications of a weak retracement. Buy zone from current price level at 50% ($0.37) Fibonacci level for a sniper entry, but will also be looking to accumulate more coins around the 50% Fib level. Wait for price action, further confirmation from Stochastics showing oversold market before entering any Buys. Potential 68% Gain from Buy Zone 1 to 127.20 Fibonacci Level @ 0.68. The road to $1 Polygon (Matic) is clear. Use buy zones to map out your buys and DCA to accumulate more coins. What is Polygon? Previously known as Matic Network, Polygon is a framework for building interconnected blockchain networks. It seeks to address some of Ethereum’s major limitations—including its throughput, poor user experience (high speed and delayed transactions), and lack of community governance—using a novel sidechain solution. Rather than being a simple scaling solution like its predecessor Matic Network—which uses a technology known as Plasma to process transactions off-chain before finalizing them on the Ethereum main chain—Polygon is designed to be an entire platform designed for launching interoperable blockchains. Through Polygon, developers can launch pre-set blockchain networks with attributes tailored to their needs. These can be further customized with a growing range of modules, which allow developers to create sovereign blockchains with more specific functionality. Key Notes: The race is on to be the first interoperability solution to go fully live. Polygon’s proof-of-stake chain and Plasma scaling solution are live, but developers can’t yet launch their own standalone or shared security chains on Polygon until these features are released. Likewise, neither ZK-rollups nor optimistic rollups have been launched on the network, with Plasma currently the only scaling solution available on Polygon. Polygon’s rivals are also rushing to go live with their offerings. As of March 2021, Polkadot has yet to launch public parachains; and while Cosmos’ Stargate upgrade has seen the launch of its Inter blockchain Communication Protocol ( IBC ), it won’t become fully operational until IBC transactions are enabled on the network.
MLong
by CryptocurrencyMagnet
Matic New ATH $0.67 NextPolygon (Previously known as Matic) Update 27/03/2021) poised to test another New ATH @ $0.67 (15% Gain) from the current price @ $0.58. On the 25th April the 13 EMA crossed up above the 50 SMA signalling a strong buy signal, Polygon gained 70% from this parabolic move back to the ATH levels which were tested last in early March. Our next price target from here is $0.80 (37% Gain) to the 161.8% Fibonacci level. See previous analaysis below :) Polygon (Previously known as Matic) Update 25/03/2021) poised for another test of New ATH @ $0.67 (93% Gain) Polygon (Matic) poised for another test of New ATH @ $0.67 (93% Gain). From Buy Zone 1 Matic has retraced 18% and is now sitting in our Buy Zone to DCA and accumulate. If we continue to retrace to the 23.60% Fibonacci level, expect an explosive move back towards the 61.80% Fibonacci level @ $0.43 (47% Gain). Since reaching the ATH we have failed to break past the 61.80% level but a further retracement to the 23.60% should get the Bulls back in the market and we can expect to finally break through this level after 4 failed attempts from the current ATH . Huge parabolic move still on the cards here, be patient, DCA if you are already riding the wave or look to enter for a potential 93%+ Gain. See previous analysis below. Happy Trading :) Update 20/03/2021 Since reaching a new ATH @ $0.57 after a Buy signal came from our script, Matic retraced down to $0.32 and is currently sitting in our Buy Zone to re-enter Buys to DCA /Accumulate at the 38.20% Fibonacci level @ $0.35. We expect another huge parabolic move for Matic to test the previous ATH @ $0.57 and further push towards the 127.20% Fibonacci level @ $0.67 in search of a new ATH , there is a potential Gain of 93% from the current price level. Be patient use current Buy zones to enter or re-enter to DCA /Accumulate from the current price level. Current Stochastics show an extremely oversold market and we are confident Matic will be in search of new highs in the coming days. Happy Trading :) Update 20/03/2021 Nice set up from Buy Zone 1, potential test of the 50 SMA before bouncing back to the upside. #MaticUsd *Update* Matic has hit our 161.80% Fibonacci Target @ $0.58. Great buy for everyone that got in and accumulated more coins at the critical buy zone areas. Polygon (Matic) Buy Opportunity! Potential 68% Gain. Great Performance throughout the past month from Matic, this cryptocurrency is showing very strong continuation bullish momentum with HH and LL in a bullish range growing just over 240% over the past month. Matic seems to have found some resistance short-term between the 61.80%-78.60% showing indications of a weak retracement. Buy zone from current price level at 50% ($0.37) Fibonacci level for a sniper entry, but will also be looking to accumulate more coins around the 50% Fib level. Wait for price action, further confirmation from Stochastics showing oversold market before entering any Buys. Potential 68% Gain from Buy Zone 1 to 127.20 Fibonacci Level @ 0.68. The road to $1 Polygon (Matic) is clear. Use buy zones to map out your buys and DCA to accumulate more coins. What is Polygon? Previously known as Matic Network, Polygon is a framework for building interconnected blockchain networks. It seeks to address some of Ethereum’s major limitations—including its throughput, poor user experience (high speed and delayed transactions), and lack of community governance—using a novel sidechain solution. Rather than being a simple scaling solution like its predecessor Matic Network—which uses a technology known as Plasma to process transactions off-chain before finalizing them on the Ethereum main chain—Polygon is designed to be an entire platform designed for launching interoperable blockchains. Through Polygon, developers can launch pre-set blockchain networks with attributes tailored to their needs. These can be further customized with a growing range of modules, which allow developers to create sovereign blockchains with more specific functionality. Key Notes: The race is on to be the first interoperability solution to go fully live. Polygon’s proof-of-stake chain and Plasma scaling solution are live, but developers can’t yet launch their own standalone or shared security chains on Polygon until these features are released. Likewise, neither ZK-rollups nor optimistic rollups have been launched on the network, with Plasma currently the only scaling solution available on Polygon. Polygon’s rivals are also rushing to go live with their offerings. As of March 2021, Polkadot has yet to launch public parachains; and while Cosmos’ Stargate upgrade has seen the launch of its Inter blockchain Communication Protocol ( IBC ), it won’t become fully operational until IBC transactions are enabled on the network.
MLong
by CryptocurrencyMagnet
7
🆓Polygon/USDT Map (26/4) #MATIC $MATICMATIC has being accumulated a lot in the wide range of 0.3-0.4$. This is a good sign for a further bull run up to 0.65$ zone. We will keep accumulating it in the range of 0.3-0.35$ 📅EVENTS 👉Apr 23 : Bitoffer Listing ETF 👉Jun 30 : PHNX on MATIC 📈BUY -Buy: 0.34-0.36$ -Buy: 0.29-0.31$. SL B 📉SELL -Sell: 0.44-0.46$. SL A -Sell: 0.62-0.65$. SL A ♻️BACK-UP -Buy: 0.34-0.36$ if A. SL B -Sell: 0.39-0.41$. SL A -Sell: 0.49-0.51$. SL A ❓Details 🕯Timeframe : 1D 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
MLong
by CryptoStation
1
MATICUSDT Falling Wedge & Buillish DivergenceMatic has been trading in a downsloping consolidation for the past 2 weeks, ever since the coinbase hype pump. It has formed a falling wedge pattern and is now showing bullish divergence on 4H MACD and RSI. The volume on this sell-off since the pump has been quite weak, which indicates that a continuation of the bullish trend is likely if BTC remains strong. Also, the MATICBTC pair bounced off of a critical support line dating back to 2020. Keep an eye out on this one!
MLong
by jus7listen
4
🆓MATIC Network (Polygon) /USDT Analysis (27/3) #MATIC $MATICThe 0.35$ zone at the moment is a very strong resistance zone and there will be a strong selling force to dump MATIC to 0.25$ zone. Only if MATIC conquers the 0.35$ zone, it will have a possibility to move up to 0.4$ and 0.5$ zone, but at those zones, the selling force must exists 📅EVENTS 👉Jun 30 : PHNX on MATIC 📈BUY -Buy: 0.24-0.26$ if A. SL if B 📉SELL -Sell: 0.34-0.36$ if B. SL if A ♻️BACK-UP -Buy: 0.34-0.36$ if A. SL if B -Sell: 0.39-0.41$. SL if A -Sell: 0.49-0.51$. SL if A ❓Details Condition A : "If 1D candle closes ABOVE this zone" Condition B : "If 1D candle closes BELOW this zone"
MShort
by CryptoStation
1
Matic poised for another test of New ATH @ $0.67 (93% Gain)Polygon (Previously known as Matic) Update 25/03/2021) poised for another test of New ATH @ $0.67 (93% Gain) Polygon (Matic) poised for another test of New ATH @ $0.67 (93% Gain). From Buy Zone 1 Matic has retraced 18% and is now sitting in our Buy Zone to DCA and accumulate. If we continue to retrace to the 23.60% Fibonacci level, expect an explosive move back towards the 61.80% Fibonacci level @ $0.43 (47% Gain). Since reaching the ATH we have failed to break past the 61.80% level but a further retracement to the 23.60% should get the Bulls back in the market and we can expect to finally break through this level after 4 failed attempts from the current ATH . Huge parabolic move still on the cards here, be patient, DCA if you are already riding the wave or look to enter for a potential 93%+ Gain. See previous analysis below. Happy Trading :) Update 20/03/2021 Since reaching a new ATH @ $0.57 after a Buy signal came from our script, Matic retraced down to $0.32 and is currently sitting in our Buy Zone to re-enter Buys to DCA /Accumulate at the 38.20% Fibonacci level @ $0.35. We expect another huge parabolic move for Matic to test the previous ATH @ $0.57 and further push towards the 127.20% Fibonacci level @ $0.67 in search of a new ATH , there is a potential Gain of 93% from the current price level. Be patient use current Buy zones to enter or re-enter to DCA /Accumulate from the current price level. Current Stochastics show an extremely oversold market and we are confident Matic will be in search of new highs in the coming days. Happy Trading :) Update 20/03/2021 Nice set up from Buy Zone 1, potential test of the 50 SMA before bouncing back to the upside. #MaticUsd *Update* Matic has hit our 161.80% Fibonacci Target @ $0.58. Great buy for everyone that got in and accumulated more coins at the critical buy zone areas. Polygon (Matic) Buy Opportunity! Potential 68% Gain. Great Performance throughout the past month from Matic, this cryptocurrency is showing very strong continuation bullish momentum with HH and LL in a bullish range growing just over 240% over the past month. Matic seems to have found some resistance short-term between the 61.80%-78.60% showing indications of a weak retracement. Buy zone from current price level at 50% ($0.37) Fibonacci level for a sniper entry, but will also be looking to accumulate more coins around the 50% Fib level. Wait for price action, further confirmation from Stochastics showing oversold market before entering any Buys. Potential 68% Gain from Buy Zone 1 to 127.20 Fibonacci Level @ 0.68. The road to $1 Polygon (Matic) is clear. Use buy zones to map out your buys and DCA to accumulate more coins. What is Polygon? Previously known as Matic Network, Polygon is a framework for building interconnected blockchain networks. It seeks to address some of Ethereum’s major limitations—including its throughput, poor user experience (high speed and delayed transactions), and lack of community governance—using a novel sidechain solution. Rather than being a simple scaling solution like its predecessor Matic Network—which uses a technology known as Plasma to process transactions off-chain before finalizing them on the Ethereum main chain—Polygon is designed to be an entire platform designed for launching interoperable blockchains. Through Polygon, developers can launch pre-set blockchain networks with attributes tailored to their needs. These can be further customized with a growing range of modules, which allow developers to create sovereign blockchains with more specific functionality. Key Notes: The race is on to be the first interoperability solution to go fully live. Polygon’s proof-of-stake chain and Plasma scaling solution are live, but developers can’t yet launch their own standalone or shared security chains on Polygon until these features are released. Likewise, neither ZK-rollups nor optimistic rollups have been launched on the network, with Plasma currently the only scaling solution available on Polygon. Polygon’s rivals are also rushing to go live with their offerings. As of March 2021, Polkadot has yet to launch public parachains; and while Cosmos’ Stargate upgrade has seen the launch of its Inter blockchain Communication Protocol ( IBC ), it won’t become fully operational until IBC transactions are enabled on the network.
MLong
by CryptocurrencyMagnet
4